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Started by J Kelman; Last updated May 17, 08 9:58 AM CDT by SeacoastNH | View history

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Mergers & Acquisitions

Private equity may be Wall Street's favorite fad diet, but sometimes a good, old-fashioned takeover is just what the market ordered

Stories

Stories 121 - 140 of 246

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February 2008
- Motorola, Nortel Talk Joint Venture
  
  Wall Street Journal | Feb 11, 08 12:53 PM CST
  
  (Newser) - Motorola and Nortel are in talks about a possible merger of their wireless-infrastructure units, insiders tell the Wall Street Journal . In the works is a joint venture with Nortel holding a majority stake and likely revenues of around $10 billion from sales of network equipment for wireless phone carriers. The talks are separate from a push for Motorola to sell or spin off its handset business. More »
- Yahoo Officially Shoots Down Microsoft
  
  Bloomberg | Feb 11, 08 9:53 AM CST
  
  (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 because of the plans they’ve implemented that have yet to come to fruition,” explained one analyst. More »
- Yahoo Rejects Microsoft Bid
  
  Wall Street Journal | Feb 9, 08 11:56 AM CST
  
  (Newser) - Yahoo's board will reject Microsoft's $44.6 billion bid to acquire the company because it "massively undervalues" Yahoo, the Wall Street Journal reports. The board will spell out its objections in a letter to Microsoft on Monday. Yahoo says the $31-per-share offer isn't high enough and worries about entering a deal that could eventually be overturned by regulators. More »
- Microsoft's Big Yahoo Offer May Be a Ruse
  
  MarketWatch | Feb 7, 08 7:26 PM CST
  
  (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,” said a spokeswoman. The move, she says, offers Yahoo employees and shareholders big opportunities. More »
- 2 Airline Mega Mergers Prepare for Takeoff
  
  Wall Street Journal | Feb 7, 08 3:05 AM CST
  
  (Newser) - The airline industry is bracing for what would be a mammoth double wedding, as merger talks between Delta and Northwest airlines shift into second gear, and Continental and United Airlines begin their courtship. Currently on the Delta-Northwest plate is a market price stock-for-stock transaction, with no premium for either company, the Wall Street Journal reports. More »
- Yahoo Searches for Answer to Microsoft Bid
  
  Wall Street Journal | Feb 6, 08 12:05 PM CST
  
  (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 any moves outweighed Microsoft’s $31-per-share offer, a 62% premium on recent prices. More »
- Rio Tinto Rejects $147B BHP Bid
  
  Wall Street Journal | Feb 6, 08 11:24 AM CST
  
  (Newser) - Rio Tinto today rejected a $147.4B bid from rival mining giant BHP Billiton, the Wall Street Journal reports. Although the bid would have been one of the largest takeovers ever, Rio is holding out for a sweeter deal. "BHP Billiton's offers, while improved, still fail to recognize the underlying value of Rio Tinto's quality assets and prospects," a company statement reads. More »
- Microsoft May Borrow for 1st Time to Fund Yahoo Deal
  
  Reuters | Feb 5, 08 8:09 AM CST
  
  (Newser) - Microsoft is likely to borrow for the first time to finance its $44.6 billion bid for Yahoo, the company's CFO said yesterday, rather than drawing down its reserves to fund the half-cash, half-stock offer. After spending $31 billion on stock buybacks and dividend payouts in 2007, Microsoft has $21 billion cash on hand, Reuters reports. Meanwhile, Yahoo is said to be considering an alliance with rival Google in an effort to thwart Microsoft’s takeover try. More »
- No Yahoo! for News Corp., Says Murdoch
  
  CNN | Feb 5, 08 5:05 AM CST
  
  (Newser) - News Corp. CEO Rupert Murdoch won't be following Microsoft's lead to place a bid for ailing Internet giant Yahoo, CNNMoney reports. Murdoch also dispelled rumors today that his company was interested in purchasing AOL, or in making any other major acquisitions. His remarks follow on the heels of Microsoft's unsolicited $45 billion bid to buy the tail-dragging Google-competitor. More »
- Microsoft + Yahoo: Still Not Sexy to Job Applicants?
  
  New York Times | Feb 4, 08 2:52 PM CST
  
  (Newser) - Among the many uncertainties about a Microsoft-Yahoo marriage is whether the combined company would gain any sex appeal in the Silicon Valley recruiting market, reports the New York Times . If both are washed up compared to job fair belles like Google and Facebook, would joining help them prevail in the more-competitive-than-ever race for talent? More »
- Microsoft and Yahoo May Not Be Enough to Fell Google
  
  NPR | Feb 3, 08 5:30 PM CST
  
  (Newser) - A Microsoft/Yahoo combination would pose a greater challenge to Google, but it's not at all clear the search engine behemoth would be greatly affected, NPR reports. Google owns about 60% of the search market—three times that of Microsoft and Yahoo combined. And, perhaps more to the point, it is a household word. "Google has become a verb," notes one analyst. More »
- Microsoft-Yahoo Draws Huzzahs From Analysts
  
  Silicon Alley Insider | Feb 1, 08 2:46 PM CST
  
  (Newser) - First reaction to Microsoft's bid to buy Yahoo for $44 billion has been generally positive, especially among Wall Street analysts. Silicon Alley Insider's Henry Blodget, an ex-analyst, quotes several who predict regulators and shareholders will have no problems with the deal. Meanwhile, New York Times blogger Steven M. Davidoff says the timing favors a hostile takeover if Yahoo's board resists. More »
- Microsoft Makes $44.6B Bid to Buy Yahoo
  
  Wall Street Journal | Feb 1, 08 6:00 AM CST
  
  (Newser) - Microsoft has made a $44.6-billion offer to buy struggling search engine giant Yahoo. The merger would help both companies compete against rival Google in the hotly contested on-line advertising market. The $31-a-share offer is a 62% premium on Yahoo's share price as of last night. Earlier this week Yahoo cut 1,000 jobs, its biggest since the dot-com crash. More »
- Microsoft and Yahoo's shotgun marriage
  
  BBC | Feb 1, 08
  
  Microsoft wants to buy internet legend Yahoo, but who will benefit from the deal?
January 2008
- AT&T and Yahoo Forge Alliance
  
  San Jose Mercury News | Jan 30, 08 5:24 PM CST
  
  (Newser) - Yahoo and AT&T announced a new alliance today in which Yahoo will provide search and advertising on AT&T’s mobile phones, the San Jose Mercury News reports. AT&T in turn will get their att.net web portal redesigned by Yahoo, through which their customers will get access to Yahoo’s services at no additional charge. More »
- Investors Worry Clear Channel Sale Is Off the Air
  
  Wall Street Journal | Jan 30, 08 3:22 PM CST
  
  (Newser) - Optimism on Wall Street about Clear Channel's $19 billion equity buyout is fading and its share price is spiraling lower as the deal, more than a year in the making, appears to be unraveling—done in by regulatory issues, credit worries, and deteriorating industry conditions, the Wall Street Journal reports. More »
- Commodities Markets in Merger Talks
  
  New York Times | Jan 29, 08 8:12 AM CST
  
  (Newser) - Owners of the Chicago and New York commodities exchanges are in preliminary talks that could end in an $11 billion merger of the two largest commodities markets in the US, reports the New York Times . NYMEX Holdings shareholders would receive $36 and 0.1323 of a share of CME's common stock in exchange for each NYMEX share. More »
- Slumping Sears Ousts CEO
  
  Wall Street Journal | Jan 28, 08 9:39 AM CST
  
  (Newser) - Sears Holdings CEO Aylwin Lewis will depart as part of company-wide restructuring, the Wall Street Journal reports. Sears stock has plummeted 40% since July, and the retailer's sales were down 3.5% this holiday season. The company, which was created when Kmart Holding Corp. took over Sears in 2005, last week announced a plan to decentralize the chain of command, up capital spending by $200 million, and reformat stores. More »
- Ailing Yahoo! Can't Keep Up With the Times
  
  ABC News | Jan 25, 08 2:25 PM CST
  
  (Newser) - After miraculously withstanding the dot-com crash, Yahoo is again poised to fall face first off a virtual cliff, with its plummeting stock hardly masked by national economic disrepair. But despite hemorrhaging users to Google, the company is still a huge presence on the Web, with 3 billion daily hits. So "what has gone wrong at Yahoo?" asks ABC's Michael S. Malone. More »
- Newcastle Sells for $15.2B
  
  Forbes | Jan 25, 08 12:00 PM CST
  
  (Newser) - After months of playing hard-to-get, UK brewer Scottish & Newcastle has agreed to a $15.2 billion takeover bid from Carlsberg and Heineken. The offer tops a bid rejected in March by 11.1%, Forbes reports. Experts expected S&N to squeeze out a better deal, especially after it filed a lawsuit to pressure Carlsberg. S&N’s stock rose 2.1% on the announcement; Carlsberg's dropped 4.1%. More »

Stories 121 - 140 of 246

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This image released by The Field Musem in Chicago shows a painting... (Getty Images)

US NEWS GATORWRESTLERS 1 FL (KRT Photos)

The Yahoo tent at the Consumer Electronics Show (CES) is seen in Las Vegas, Monday, Jan. 7, 2008. Battered by slow revenue growth and the popularity of social networking Web sites, Yahoo! Inc. is poised... (Associated Press)

El gráfico muestra el precio de las acciones y ganancias de Microsoft Corp. y Yahoo Inc.; 2c 96,3 mm x 153,5 mm (Associated Press)

This combination of two photos shows Microsoft founder Bill Gates, left, and Yahoo CEO Jerry Yang. Microsoft Corp. on Friday, Feb. 1, 2008 pounced on slumping Internet icon Yahoo Inc. with an unsolicited... (Associated Press)

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Background

Mergers and Acquisitions
Wikipedia

The phrase mergers and acquisitions (abbreviated M&A) refers to the aspect of corporate strategy, corporate finance and management dealing with the buying, selling and combining of different companies that can aid, finance, or help a growing company in a given industry grow rapidly without having to...

» Read more about Mergers and Acquisitions at Wikipedia

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