mergers and acquisitions

Stories 321 - 340 | << Prev   Next >>

Clear Channel, Buyers Sue Banks Over Soured Deal

Equity firms claim lenders backtracked on financing takeover of broadcast giant

(Newser) - The two private-equity firms set to buy Clear Channel sued the group of banks they had engaged to fund the deal, the Wall Street Journal reports. Joined by Clear Channel, Bain Capital and Thomas H. Lee Partners accused the consortium—including Citigroup, Deutsche Bank, and Wachovia—of breaching contract by...

Microsoft Likely to Raise Yahoo Bid: Analyst

Stock upgraded to a buy after $34-per-share offer predicted

(Newser) - A Citigroup analyst upgraded Yahoo stock to a buy today, predicting that Microsoft will raise its buyout bid from $31 per share to $34, MarketWatch reports. Acquiring Yahoo is the only way for Microsoft to successfully compete with Google for online advertising, said analyst Mark Mahaney, and so “the...

Satellite Merger Clears Hurdle
 Satellite Merger Clears Hurdle 
Mar 24, 2008 3:32 PM CDT

Satellite Merger Clears Hurdle

Justice Dept. doesn't see threat to competition; FCC must still weigh in

(Newser) - The Justice Department today approved the proposed merger between satellite radio firms Sirius and XM, the Wall Street Journal reports. The FCC must still sign off, but the pair appears to have allayed antitrust concerns about the merger of the industry's two largest companies by arguing that they face competition...

Cash-Strapped Borders Considering Selling Itself

Parts, or all, of bookseller on table, it secures $42.5M loan to keep going

(Newser) - Bookseller Borders is considering selling itself or some of its divisions, the Detroit Free Press reports today. The company, based in Ann Arbor, Mich., is in the midst of a turnaround, but is desperately short on cash, today borrowing $42.5 million from its biggest shareholder, Perishing Square Capital Management....

How Yahoo Would Improve Microsoft

(Newser) - Yahoo today restated its opinion that Microsoft’s $44.6 billion buyout bid underestimates the online giant’s “combination of unique assets,” but for the first time stated publicly the strengths it would bring to the Microsoft merger, MarketWatch reports. In an investor presentation for the SEC, the...

Delta Will Slash 2K Jobs
 Delta Will Slash 2K Jobs  
Mar 18, 2008 2:02 PM CDT

Delta Will Slash 2K Jobs

Firm will offer voluntary severance to 30,000 employees

(Newser) - Battered by skyrocketing fuel prices, Delta Air Lines will eliminate 2,000 jobs to cut costs, the Atlanta Journal-Constitution reports. With oil prices driving the airline’s fuel expenditures $900 million higher than expected, the carrier will offer buyouts to some 30,000 employees, aiming to cut 1,300 flight...

Deutsche Telekom to Buy Greek Stake
Deutsche Telekom to Buy Greek Stake
Mar 17, 2008 1:03 PM CDT

Deutsche Telekom to Buy Greek Stake

Deal for 20% of Greek phone co. conditional on management control

(Newser) - Deutsche Telekom plans to buy a 20% stake in Hellenic Telecommunications Organization (OTE) of Greece, for $3.92 billion. The deal is conditional on the German carrier getting management control, and the company will open talks immediately with the Greek government, the only larger shareholder. The OTE stake will let...

Yahoo, Microsoft Execs Meet to Discuss Buyout

Gates' team explains its vision; no negotiations take place

(Newser) - For the first time since Microsoft made an unsolicited—and unwelcome—$44.6 billion bid to take over Yahoo Jan. 31, executives for the two companies sat down this week to discuss what a post-merger company might look like, reports the Wall Street Journal. No negotiations took place, the Journal ...

Yahoo Buys Time to Delay Proxy Battle

May postpone meeting to pursue talks with Microsoft, AOL

(Newser) - Yahoo may postpone its annual meeting to delay a proxy battle with Microsoft, reports the New York Times. The move would temporarily fend off a hostile takeover bid by the computer giant, and buy Yahoo some time to weigh its options, including a negotiated deal with Microsoft and a merger...

Higher Bid Could Rattle Yahoo Holders

Many also hold Microsoft stock and could lose money

(Newser) - A new Microsoft bid to take over Yahoo will do little to quash Yahoo holders' worries— primarily because many of them have greater holdings in Microsoft itself, reports MarketWatch. Eighteen of Yahoo's top shareholders—comprising 42% of its shares—have greater investments in the software Goliath "and could likely...

EA Maneuvers to Nab 'Grand Theft Auto'

Video game giant pushing $2B hostile bid for rival Take-Two

(Newser) - Video game kingpin Electronic Arts disclosed yesterday a $2 billion hostile takeover bid to acquire rival Take-Two Interactive Software, and capture the popular “Grand Theft Auto” franchise. EA, publisher of Madden NFL titles, said the $26-a-share offer represented a 50% premium over Take-Two’s closing price on Friday, but...

Delta-Northwest Merger Close to Takeoff

Boards meet tomorrow to vote on plans that would create world's largest airline

(Newser) - Directors at Delta and Northwest meeting tomorrow could announce a marriage of the two airlines by day’s end if a crucial deal with the airlines’ 11,000 unionized pilots can be reached, reports the Wall Street Journal. The resulting company would be the largest airline in the world, and...

Microsoft&rsquo;s Yahoo Bid 'Ridiculous'
Microsoft’s Yahoo Bid 'Ridiculous'
OPINION
Feb 18, 2008 2:40 PM CST

Microsoft’s Yahoo Bid 'Ridiculous'

Investment manager dismisses deal, doubts Ballmer's acumen

(Newser) - Investment manager Joe Rosenberg takes a swipe at Microsoft's bid for Yahoo in this week's Barron's, disparaging both the deal and CEO Steve Ballmer's financial acumen, Reuters reports. "It's a bad reflection on Ballmer that he's willing to pay a ridiculous price for Yahoo,” says Rosenberg. “Microsoft...

News Corp. Talks Deal With Yahoo
News Corp. Talks Deal
With Yahoo
Feb 13, 2008 2:36 PM CST

News Corp. Talks Deal With Yahoo

MySpace merger could create new company, deny Microsoft

(Newser) - News Corp. and Yahoo are in talks over combining MySpace and other News Corp. entities with Yahoo, the Wall Street Journal reports today. The deal, which could fend off Microsoft's $44.6 billion hostile takeover bid, would allow Yahoo to remain independent while giving the Murdoch-run company a stake of...

Yahoo Loses Leverage as Google Ad Deal Fades

Microsoft-Yahoo merge looks more likely

(Newser) - A potential advertising deal linking Google and Yahoo is losing steam because of Google's concerns over regulatory scrutiny, reports the Wall Street Journal, and that in turn removes one lever Yahoo hoped to use to boost Microsoft's buyout bid. Yahoo’s second largest shareholder, meanwhile, said yesterday that Microsoft’s...

Secret Yang Plan to Save Yahoo
Secret Yang Plan to Save Yahoo
Feb 12, 2008 6:46 AM CST

Secret Yang Plan to Save Yahoo

Chief exec's hopes to deny Microsoft banking on skunkwork projects

(Newser) - Yahoo chief exec Jerry Yang has secret plans that he hopes will dramatically boost the internet giant's share price, insiders tell Valleywag. Yahoo has turned down Microsoft's $31 per share offer, and while rumor has it that the company's board is holding out for $36, Yang is said to be...

Yahoo Officially Shoots Down Microsoft

No counterproposal on the table

(Newser) - Yahoo officially rejected Microsoft’s $31-per-share takeover offer today, saying the bid, which represents a 62% premium, “substantially undervalues” the company, Bloomberg reports. The statement didn’t specify a counteroffer, but Yahoo is seeking $40 a share, the Wall Street Journal reports. “Yahoo thinks they’re worth more...

Microsoft Mulls Ways to Up Ante
Microsoft Mulls Ways to Up Ante
Feb 11, 2008 8:37 AM CST

Microsoft Mulls Ways to Up Ante

Software giant deciding between very dirty tricks and somewhat dirty tricks

(Newser) - Just how hostile Microsoft’s takeover bid for Yahoo becomes is up to one man: Christopher Liddell, the mostly anonymous former banker masterminding the deal, the New York Times reports. Microsoft could simply raise its offer, or it could try some old-fashioned Wall Street strong-arming. “You have to be...

Microsoft's Big Yahoo Offer May Be a Ruse

PC leader aims only to block a Yahoo-Amazon alliance, analyst says

(Newser) - One possible reason for Microsoft’s massive bid for Yahoo: It’s a ploy to block a Yahoo-Amazon team-up, one analyst says. The $44.6 billion offer will never make it past regulators, Trip Chowdhry explains to MarketWatch. But Microsoft insists otherwise: Chowdhry’s report “is completely incorrect,”...

Yahoo Searches for Answer to Microsoft Bid

Company would like to stay independent, but the odds look bad

(Newser) - Yahoo is struggling to find shareholder-pleasing alternatives to Microsoft's buyout bid, reports the Wall Street Journal. Selling Yahoo Japan is one possibility. An outsourcing deal with Google for its search ads that could boost revenue 25% is another, yet would raise regulatory issues. And shareholders would need to be convinced...

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