takeover bid

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Candy Crush Maker Bought for $5.9B

Activision says deal will give boost to mobile games

(Newser) - The US video game maker that brought you "Call of Duty/" and "World of Warcraft" says it will buy the maker of "Candy Crush" for $5.9 billion in what the Guardian calls "the biggest takeover of a UK tech company in four years." Activision... More »

Anheuser-Busch Could End Up Making 1/3 of All Beer

Company talking potential takeover with SABMiller

(Newser) - Two of the largest beer makers could soon become one. Anheuser-Busch says it has approached SABMiller about a potential takeover and plans "to work with SABMiller's board toward a recommended transaction" which would put the company in control of 30% of the world’s beer market. Such a... More »

Cadbury Shoots Down $16.7B Kraft Takeover Bid

Watchers suspect undervalued bid could be sweetened

(Newser) - Cadbury today rejected a $16.73 billion takeover bid from food giant Kraft, the Wall Street Journal reports. The candy maker has recently undergone restructuring and divestment that it says make it more valuable—and more attractive to suitors like Kraft. The Cadbury board says the offer “fundamentally undervalues”... More »

$20B Yahoo Search Deal 'Total Fiction': Exec

Execs scoff at story of Microsoft dropping $20B on search biz

(Newser) - A report that Microsoft will buy Yahoo's search business and give two Internet execs a 30% share is "total fiction," one of the execs tells Kara Swisher at AllThingsDigital. Swisher agrees that the $20 billion deal, reported by the London Times, is likely non-existent. After all, board member... More »

Alitalia Gets Reprieve as Pilots Back Takeover Deal

Unions support gov't-backed plan to dodge collapse

(Newser) - Alitalia, the bankrupt Italian air carrier on the brink of collapse, got a reprieve today when its pilots agreed to a government-backed takeover bid by a team of business executives, Bloomberg reports. Pilots’ unions joined ground staff in approving the plan, which calls for 3,000 job cuts and longer... More »

Yahoo Takes Icahn Fight to Homepage

Link shows decline in businesses he's worked with

(Newser) - A new button on Yahoo's homepage links users to the company's case against activist investor Carl Icahn, PC World reports. Icahn is seeking to unseat Yahoo's board at its Aug. 1 general meeting. The page links to voting forms and leaves shareholders in no doubt how the company thinks they... More »

Yahoo Snubs Microsoft-Icahn Takeover Bid

Says new offer was better, but still not in shareholders' interest

(Newser) - Yahoo has rejected another takeover push, this time from Microsoft and investor Carl Icahn, the Wall Street Journal reports. The bidders gave the Internet giant less than 24 hours to decide on an offer that would sell its search component to Microsoft and the rest of the company to Icahn... More »

Yang Slams 'Destabilizing' Microsoft Plan

CEO accuses Icahn-allied giant of pretending to want deal

(Newser) - Yahoo CEO Jerry Yang launched a fresh offensive in the Yahoo-Microsoft war of words yesterday, reports the Wall Street Journal. Microsoft has said it would be interested in reopening merger talks if Yahoo's current board was replaced—but the Yahoo co-founder accuses the company of tactics to destabilize Yahoo without... More »

Microsoft Preps a New Run at Yahoo

Has been recruiting partners for another effort to vivisect Yahoo

(Newser) - Microsoft is back in pursuit of Yahoo, the Wall Street Journal reports, with the company in talks with both News Corp. and Time Warner as potential partners for a restructured deal to buy the search giant. Yahoo has been in Microsoft’s sights for nearly six months, but initial efforts... More »

Yahoo's Defensive Stance: Microsoft 'Inconsistent' in Bid

Company gives take on negotiation as clock ticks on Icahn proxy fight

(Newser) - As it tries to fend off investor Carl Icahn's attempt to replace its board of directors, Yahoo today presented its version of buyout negotiations with Microsoft to shareholders, MarketWatch reports. Yahoo portrayed Microsoft as “unresponsive, inconsistent,” and loose on logistic details of the proposed merger. "The record... More »

Ballmer's Competitive Streak Drove Yahoo Bid

Microsoft CEO once vowed to 'kill Google'

(Newser) - Microsoft's Yahoo bid put CEO Steve Ballmer to the test: How much would he pay to fulfill his promise to "(expletive) kill Google"? Forty-seven billion bucks was too high, but many say he'll try again—and may have a tough time convincing investors it's all cool calculation. Microsoft... More »

Slumping Microsoft Needs Yahoo

Slow quarter spurs push for acquisitions

(Newser) - Microsoft's first quarter saw flat sales and dipping profits, all the more reason to make nice with Yahoo, Aaron Ricadela writes in BusinessWeek. Steve Ballmer has said he is ready to walk away from the attempted takeover, but with most of Microsoft's revenue coming from smaller divisions and overseas interests,... More »

Yahoo Hopes Q1 Report Will Boost Microsoft Bid

Data out tomorrow expected to be in line with analysts' expectations

(Newser) - All eyes will be on Yahoo's first-quarter earnings report tomorrow; the company hopes to use solid results to pressure Microsoft into sweetening its takeover bid, the Wall Street Journal reports. The report comes just 2 days before Microsoft's own and 4 days before the deadline the latter set for a... More »

Yahoo, Google Close in on Search Ad Deal

A successful system test puts Yahoo in the catbird seat with Microsoft

(Newser) - A deal that would have Google operate Yahoo’s core search ad business may be closer now that the two have successfully tested the system, reports the Wall Street Journal. An agreement would increase Yahoo’s cash flow by as much as $1 billion annually, and give it additional leverage... More »

Yahoo Board Meets as Buyout Options Grow

Microsoft likeliest buyer but battle heats up

(Newser) - Yahoo's board meets today to examine the options for avoiding a hostile takeover by Microsoft, the Wall Street Journal reports. Experts think a Microsoft grab is still the most likely scenario, but the situation has grown increasingly complicated in the midst of discussions of an AOL-Yahoo merger, Yahoo's proposed trial... More »

Yahoo, AOL May Merge; Murdoch-Microsoft In Talks

Two Internet-shaking deals stem from Microsoft-Yahoo talks

(Newser) - Two groundbreaking Internet deals are in the works, both related to Microsoft's desire to take over Yahoo, the Wall Street Journal reports. In one, Yahoo is considering combining its online operations with Time Warner's AOL. In the other, Rupert Murdoch's News Corp. is in talks to join Microsoft in its... More »

Yahoo Investor Calls Microsoft Threat a Blunder

Stakeholder Legg Mason will support Yahoo if Microsoft tries to drop price

(Newser) - Yahoo received a tepid endorsement from its second-largest shareholder yesterday as its takeover battle with suitor Microsoft continued to heat up, the Wall Street Journal reports. Legg Mason, which holds a 7% stake in Yahoo, said it would back an independent Yahoo before it would sell its stake at a... More »

Take-Two Promises Solid 2008

Game maker upbeat despite losses; rebuffs EA takeover talks

(Newser) - Videogame maker Take-Two Interactive—owner of gamer favorites Grand Theft Auto and Bioshock—said first quarter losses jumped nearly 77% to $38 million while revenue fell some 13% to $240.4 million, reports the New York Times. But the company projected an upbeat 2008 with revenues growing 40% to $1.... More »

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... More »

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