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Wall Street Journal
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Feb 28, 08 9:26 AM CST
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Closing Liberty Media’s $12 billion deal for a 41% share of DirecTV took more than a year, but positioning the satellite-TV service to rival telcos and cable companies offering triple-play packages of TV, phone, and broadband could be a bigger test, reports the Wall Street Journal today. The deal with News Corp was finalized yesterday after the FCC OK’d it.
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Wall Street Journal
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Feb 27, 08 8:37 AM CST
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A revised Microsoft bid for Yahoo may be heavily influenced by Yahoo’s Asian interests, reports the Wall Street Journal. Microsoft execs toured Asia in December and concluded that they needed a local partner there. Yahoo holds large stakes in a Korean auction site, a major Chinese search engine, and Yahoo Japan. These footholds, while passive investments now, may be the key to success in Asia, which an analyst calls "an underdeveloped but massive market."
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Wall Street Journal
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Feb 27, 08 3:13 AM CST
(Newser) -
An airline merger isn't going to take off until Northwest comes up with a proposal that addresses Delta's concerns, according to Delta executives. So far, offers haven't jelled with Delta priorities, including maintaining employee seniority rankings, according to a Delta memo obtained by the Wall Street Journal . Delta plans to continue with its "stand-alone" plan until it sees a “potential transaction that meets all our principles,” the company’s CEO and CFO wrote.
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Wall Street Journal
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Feb 25, 08 8:08 AM CST
(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 Take-Two’s chairman complained the offer was “woefully undervalued.”
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Wall Street Journal
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Feb 20, 08 4:10 PM CST
(Newser) -
National security concerns have scuttled the buyout deal for 3Com by private equity firm Bain Capital and a Chinese telecom, the Wall Street Journal reports. 3Com, which supplies networking services to the Defense Department, withdrew its application from the Committee on Foreign Investment in the US, having been unable to reach an agreement on the involvement of the Chinese company, Huawei.
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Wall Street Journal
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Feb 20, 08 9:53 AM CST
(Newser) -
Microsoft, at loggerheads with Yahoo over its $41.6-billion offer for the popular web portal, is talking tough, threatening a proxy battle to unseat Yahoo’s reticent board of directors, reports the Wall Street Journal . But even a win, which experts say would be relatively cheap to achieve, could cost Microsoft in the form of Yahoo employee animosity and attrition.
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New York Times
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Feb 19, 08 12:49 PM CST
(Newser) -
Rather than raise its $44.6 billion hostile takeover bid, Microsoft will start a proxy fight at Yahoo, with an eye to nominating a slate of directors for the board by mid-March. The hardball tactic will cost less than upping the bid—$20 million or $30 million will pay a proxy solicitor and buy shareholder mailers—but it comes with real downsides, the New York Times reports.
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Wall Street Journal
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Feb 19, 08 6:27 AM CST
(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 would almost certainly face tough scrutiny from regulators.
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CNN
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Feb 18, 08
The satellite radio companies announced merger plans a year ago but regulators are taking their time. It's time for them to say yes.
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BBC
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Feb 17, 08
US internet company AOL has become the latest firm to hold talks with Yahoo about a possible deal to fend off an approach from Microsoft, a report says.
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New York Times
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Feb 14, 08 2:07 PM CST
(Newser) -
Jerry Yang believes Microsoft’s $44.6 billion bid for Yahoo was too low because it does not take into account the company's “unique position” in the growing online advertising market, the New York Times reports. In a letter sent to shareholders today, Yang inventoried Yahoo’s advantages: its widely-known name, its monthly traffic of 500 million visitors, and its dominance of the display ad market.
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Wall Street Journal
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Feb 13, 08 2:36 PM CST
(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 roughly 20%. An acquisition by Microsoft still seems the most likely outcome, but Yahoo is scrambling for other options.
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Wall Street Journal
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Feb 13, 08 7:13 AM CST
(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 takeover likely will succeed, but at a higher price than the $41.7 billion, or $31 per share, offered.
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BBC
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Feb 13, 08
Yahoo's second-biggest shareholder has said Microsoft will have to raise its offer if it wants to buy the web firm.
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CNET
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Feb 11, 08 7:56 PM CST
(Newser) -
Microsoft is poised to buy Danger, the maker of the T-Mobile Sidekick, in a move that follows on the heels of Yahoo's rebuff of the software behemoth's $44 billion buyout offer. Microsoft hasn't said how much it's forking over, but called Danger the "perfect complement to our existing software and services," CNET reports. Danger's founder now runs the Android mobile project for Microsoft competitor Google.
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Wall Street Journal
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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.
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