acquisition – News Stories About acquisition - Page 5

Yahoo Says Microsoft Is
at Fault on Stalled Talks

Apr 7, 2008 8:12 AM CDT

Yahoo Says Microsoft Is at Fault on Stalled Talks

Yang fires back after Ballmer ultimatum

(Newser) - Yahoo execs fired back a response this morning to Microsoft CEO Steve Ballmer's weekend ultimatum giving the Yahoo board a deadline of 3 weeks to avoid a hostile takeover. CEO Jerry Yang and Chairman Roy Bostock reiterated that the Microsoft offer is still too low—it has declined in value...

Pernod Spirits High
After $8.3B Absolut Buy

Mar 31, 2008 9:14 AM CDT

Pernod Spirits High After $8.3B Absolut Buy

French company pays $8.3B for premium vodka brand

(Newser) - French liquor giant Pernod Ricard's spirits were soaring after its $8.34 billion bid won it ownership of Sweden's state-owned Vin & Spirit, the parent company of Absolut vodka. Pernod topped US-based Fortune Brands in an auction for the purchase, the Wall Street Journal reports, and is now the wine...

Bear Stearns Staffers Gird for Mass Layoffs After $3B Hit

Mar 26, 2008 7:30 AM CDT

Bear Stearns Staffers Gird for Mass Layoffs After $3B Hit

After losing their shirts, half will also lose jobs

(Newser) - The Icarus-like fall of Bear Stearns stock, trading as high as $170 a share a year ago before plummeting to $2 last week, has cost Bear employees—who once owned nearly a third of the company—more than $3 billion. That's even after JPMorgan raised its bid for the investment...

Angry Shareholders Want More for Bear Stearns

Mar 19, 2008 7:19 AM CDT

Angry Shareholders Want More for Bear Stearns

Bargain basement $2 price sets up potential battle, lawsuits

(Newser) - Bear Stearns shareholders are threatening to vote against its sale to JPMorgan, saying the $2 price per share for the nation’s fifth largest investment bank is unrealistic; speculators seem to agree, trading up Bear stock to $5.91 yesterday, a 23% bump. Expect some serious brinkmanship to force a...

JP Morgan Buys Bear
Stearns for $2 a Share

Mar 16, 2008 6:35 PM CDT

JP Morgan Buys Bear Stearns for $2 a Share

Deal rushed today to avoid filing for bankruptcy

(Newser) - JP Morgan has agreed tonight to buy Bear Stearns for a scant $2 a share, a bargain-basement price—stock closed at $30 a share—that demonstrates the urgency of staving off the collapse of the venerable investment bank and widespread panic in financial markets, the AP reports. The Bush administration...

EA Gets Hostile in
'Grand Theft' Takeover Bid

Mar 13, 2008 10:21 AM CDT

EA Gets Hostile in 'Grand Theft' Takeover Bid

Video game maker plans to bypass Take-Two management

(Newser) - Electronic Arts is renewing its $2 billion bid to take over rival Take-Two Interactive—but this time the offer will go directly to the video game maker's shareholders, in a sign the potential deal may be turning hostile, reports the Wall Street Journal. EA’s initial offer was rejected by...

Take-Two Promises Solid 2008

Mar 12, 2008 8:25 AM CDT

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....

Microsoft Talks Tough; Proxy Battle Likely

Feb 20, 2008 9:53 AM CST

Microsoft Talks Tough; Proxy Battle Likely

Gates says Yahoo should 'take a hard look' at $41.6B bid

(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...

Yang Justifies Rejected Microsoft Bid

Feb 14, 2008 2:07 PM CST

Yang Justifies Rejected Microsoft Bid

Says Yahoo uniquely positioned in growing online ad market

(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...

Economic Worries Propel Silicon Valley Deals

Jan 17, 2008 12:59 PM CST

Economic Worries Propel Silicon Valley Deals

Oracle and Sun Microsystems may be only tip of the iceberg

(Newser) - Recent acquisitions by Sun Microsystems and Oracle could be the opening round of new Silicon Valley deal-making, the Wall Street Journal reports, as tech companies worried about a US economic slowdown seek to strengthen their positions. Smaller companies struggling to stay afloat are tempting targets; bigger fish also want to...

Hawks Circling Subprime Carnage

Jan 17, 2008 12:33 PM CST

Hawks Circling Subprime Carnage

JP Morgan's Dimon among the survivors looking to clean up

(Newser) - After largely dodging the subprime bullet that tore through most of Wall Street’s big banks, JP Morgan Chase is looking to make a move, the Wall Street Journal reports. Buoyed by three years of cost cutting and refocusing its business, Morgan has nearly doubled its mortgage market, is flush...

Oracle Wins BEA With Sweetened $8.5B Bid

Jan 16, 2008 7:51 AM CST

Oracle Wins BEA With Sweetened $8.5B Bid

Deal for business software maker closes after Ellison bumps price

(Newser) - Business software maker Oracle continued its yearlong buying spree, closing a contentious deal with middleware maker BEA Systems after raising its offer to $8.5 billion, or $19.38 a share, Bloomberg reports. In October, Oracle offered BEA $6.7 billion, or $17 per share, and was rejected. Instead BEA,...

Bank of America Buys Countrywide for $4B

Jan 11, 2008 6:52 AM CST

Bank of America Buys Countrywide for $4B

Stock package saves nation's largest mortgage lender

(Newser) - Bank of America, five months after throwing a $2 billion lifeline to rapidly sinking Countrywide Financial, will pay nearly $4 billion in stock to save the damaged mortgage lender. The deal makes BofA the nation's largest mortgage lender and loan servicer and should help build a bulwark against the still-spreading...

Microsoft to Buy Yahoo: Blogger

Nov 18, 2007 1:24 PM CST

Microsoft to Buy Yahoo: Blogger

Says software company has sent a clear signal of intent

(Newser) - Microsoft wants to buy Yahoo, blogs Huffington Post’s Henry Blodget—there’s no other way to interpret comments made by a honcho Thursday that the Bill Gates brand plans to up its online search market share from its current 10% to 30%. Do the math, says Blodget: Acquiring Yahoo’...

IBM to Buy Canada's Cognos for $5B

Nov 12, 2007 12:19 PM CST

IBM to Buy Canada's Cognos for $5B

Company's software products model business decisions

(Newser) - IBM will buy Cognos for $5 billion, the latest in a rash of “business intelligence” software acquisitions. The move could help IBM keep up with SAP AG and Oracle, each of which recently teamed with similar companies, the AP reports. The purchase price is a 9% premium over Cognos’...

FCC OKs $24.7B Alltel Buyout to Private Group

Oct 27, 2007 11:34 AM CDT

FCC OKs $24.7B Alltel Buyout to Private Group

But wireless carrier's new owner faces "unnecessary" restrictions, commish says

(Newser) - The FCC approved a $24.7 billion takeover of Alltel yesterday, but not without imposing some restrictions on the deal and criticism from two of its top officials. Alltel, the nation’s fifth-largest wireless carrier, will now transfer its licenses to TPG Capital and GS Capital Partners, a subsidiary of...

Dish Network Parent Buys Slingbox

Sep 25, 2007 3:45 PM CDT

Dish Network Parent Buys Slingbox

EchoStar will own brand that puts TV on your PC

(Newser) - EchoStar Communications, owner of the Dish Network, has agreed to acquire the maker of the Slingbox for $380 million. The satellite TV provider should close on the deal to buy Sling Media by year’s end, the AP reports. The Slingbox allows any Internet-connected computer to receive standard TV signals.

Acer to Buy Gateway for $710M

Aug 27, 2007 1:38 PM CDT

Acer to Buy Gateway for $710M

Stock jumps 50% following announcement

(Newser) - Gateway’s stock jumped 50% today on news that Taiwan’s Acer will buy the former PC giant for $1.90 a share, MarketWatch reports. The acquisition leapfrogs Acer over Lenovo to the No. 3 spot in world computer sales. Meanwhile, Gateway said it will execute its right of first...

Murdoch’s Shadow Looms at Journal

Aug 24, 2007 2:25 PM CDT

Murdoch’s Shadow Looms at Journal

Are calls to reporters a sign of generosity or more like handcuffs?

(Newser) - Rupert Murdoch is on a yacht in the Mediterranean, but his presence is already being felt at the newspaper in lower Manhattan he doesn't own yet. The media baron rolled up his sleeves and called three reporters at the Wall Street Journal—which he bought for $5 billion last...

Shareholders
OK Tribune Takeover

Aug 21, 2007 1:41 PM CDT

Shareholders OK Tribune Takeover

But analysts say Zell's bid should be lowered

(Newser) - The Tribune Co.’s shareholders approved Sam Zell's $8.2 billion takeover today, nudging the publisher one step closer to private ownership. But some analysts remain skeptical that the deal will go through as planned—the company’s declining profitability since the April announcement has triggered speculation that the...