Mergers & Acquisitions

Icahn Watch: Yahoo Shareholders Wait For The Next Move - 0 Comments
Posted By Joseph Weisenthal - Wed 14 May 2008 10:08 AM PST

What are Yahoo shareholders doing today? They’re hitting reload on their browsers every second looking for some word on what Carl Icahn plans to do with his reported 50 million-share…

Virgin Mobile Confirms Talks With SK Telecom - 0 Comments
Posted By Staci D. Kramer - Wed 14 May 2008 07:34 AM PST

A day after sticking with “no comment” as a response, Virgin Mobile USA finally admits the news we broke last week—it’s in discussions with SK Telecom (NYSE: SKM). Rafat first…

Accenture Buys Digital Video Services Company Origin Digital - 1 Comment
Posted By Rafat Ali - Wed 14 May 2008 07:25 AM PST

Accenture, the global management consultancy form, has bought out Origin Digital (OD), the New Jersey-based digital video services firm. The firm will use OD’s expertise in online, mobile and IPTV…

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Lycos Europe To US: Don’t Worry About The Numbers, Just Buy Us - 0 Comments
Posted By Robert Andrews - Wed 14 May 2008 04:11 AM PST

Lycos Europe, which last month put itself up for sale after failing to offer a compelling website for several years, is hoping a US company will make an offer. In…

It’s Official: Clear Channel, Banks, Buyers Agree On Deal At $36 Per Share - 0 Comments
Posted By Joseph Weisenthal - Wed 14 May 2008 03:08 AM PST

After two days worth of reports, Clear Channel (NYSE: CCU) confirmed late last night that it, its private equity buyers (Bain and Thomas H. Lee), and a consortium of banks…

TNS To WPP: What Part Of No Don’t You Understand? - 0 Comments
Posted By David Kaplan - Tue 13 May 2008 03:26 PM PST

Despite increasing its bid to $1.938 billion (£996 million) from $1.844 billion (£948 million), WPP Group has been rejected a second time by audience measurement firm Taylor Nelson Sofres, The…

Earnings: Electronic Arts Revs Up Strong; Net Income Passes Estimates - 0 Comments
Posted By Joseph Weisenthal - Tue 13 May 2008 01:02 PM PST

With a hostile bid for Take-Two still out there, video game maker Electronic Arts (NSDQ: ERTS) has reported quarterly revenue of $1.12 billion, an 84 percent rise from $613 million…

Deal Reached For Clear Channel Sale At $36 Per Share: Reports - 1 Comment
Posted By Joseph Weisenthal - Tue 13 May 2008 12:44 PM PST

It looks like a deal has been reached in the Clear Channel (NYSE: CCU) case. The company said yesterday that there were indeed settlement talks between the buyers and the…

Updated: Icahn May Launch Yahoo Proxy Fight: Reports - 0 Comments
Posted By Joseph Weisenthal - Tue 13 May 2008 11:36 AM PST

This would certainly shatter the uneasy calm at Yahoo: CNBC is reporting that billionaire investor/gadfly Carl Icahn may launch a proxy fight at Yahoo (NSDQ: YHOO), and according to their…

Earnings: Sirius Q1 Revs Up 33 Percent; Unlike At XM, Loss Narrows - 0 Comments
Posted By Joseph Weisenthal - Mon 12 May 2008 01:04 PM PST

Following a weak earnings report from its fiancé XM (NSDQ: XMSR), Sirius (NSDQ: SIRI) announced Q1 revs of $270.4 million 33 percent higher than $204 million in the year-ago quarter.…

Update: Clear Channel In Settlement Talks With Banks To Fund Buyout; No Agreement Yet - 0 Comments
Posted By Joseph Weisenthal - Mon 12 May 2008 09:21 AM PST

Update: Clear Channel (NYSE: CCU) has responded to the report, saying settlement talks have been initiated, but that no agreement has yet been reached. The announcement doesn’t specify any price,…

Cumulus Take-Private Deal Falls Through; Stock Off Over 20 Percent - 0 Comments
Posted By Joseph Weisenthal - Mon 12 May 2008 08:28 AM PST

While the Clear Channel mess gets dealt with in court, the deal to take radio operator Cumulus Media private has collapsed. Shares of the company are off over 20 percent…

Harvard-Oriented Mag 02138 Sold To Manhattan Media; Plans More Ivy-Focused Titles And Social Nets - 0 Comments
Posted By Joseph Weisenthal - Mon 12 May 2008 06:48 AM PST

02138, the Harvard-oriented lifestyle magazine launched by Atlantic Media, has been sold to NY-based luxury publisher Manhattan Media for an undisclosed sum. That 02138 was on the block was known,…

Earnings: XM Q1 Revs Up 17 Percent; Losses Expand; Estimates Missed As SAC Increases - 0 Comments
Posted By Joseph Weisenthal - Mon 12 May 2008 05:42 AM PST

As it waits and waits for approval to merge with Sirius (NSDQ: SIRI), XM (NSDQ: XMSR) reported Q1 revenue of $308 million, a 17 percent increase from $264 million in…

It’s Official: Cablevision Confirms Newsday Acquisition; Acquiring 97 Percent For $632 Million - 0 Comments
Posted By Joseph Weisenthal - Mon 12 May 2008 05:04 AM PST

As expected, Cablevision (NYSE: CVC) has won the Newsday-stakes, and will acquire 97 percent of the Tribune-owned paper for $632 million. Tribune will get another $18 million related to prepaid…

Updated: News Corp. Withdraws Bid For Newsday; Cablevision Founder C. Dolan Confident; Deal Today? - 1 Comment
Posted By Tricia Duryee - Sun 11 May 2008 11:42 PM PST

Update: A slew of reports Sunday from a variety of media outlets (who could all be talking to the same person as far as we know) claiming that a deal…

10-Q Watch: Yahoo: Lawsuits; Severance; Growth Ex-Acqs.; Maven - 2 Comments
Posted By Joseph Weisenthal - Fri 09 May 2008 11:09 AM PST

No blockbusters, but a few worthwhile nuggets from Yahoo’s (NSDQ: YHOO) latest 10-Q -- Lawsuits: Now that Microsoft’s (NSDQ: MSFT) bid is done for, Yahoo will keep getting fresh lawsuits,…

Blinkx Rises And Falls On Mystical Google-News Corp Acquisition Chatter - 1 Comment
Posted By Robert Andrews - Fri 09 May 2008 06:41 AM PST

Market speculation from an Investec analyst (via Bloomberg) that Google (NSDQ: GOOG) or News Corp (NYSE: NWS) may buy voice recognition-based video search index Blinkx did wonders for the company…

Circuit City Opens Door To Blockbuster; Icahn May Buy Chain Himself - 0 Comments
Posted By Joseph Weisenthal - Fri 09 May 2008 06:20 AM PST

The awkward pairing of Circuit City and Blockbuster is past the spitball phase and into the handholding phase. The struggling electronics giant says it will allow Blockbuster and its investor…

Ad Services Supplier DG Fastchannel Buys Digital Marketer Enliven For $98 Million - 0 Comments
Posted By David Kaplan - Thu 08 May 2008 08:34 PM PST

Ad services provider DG FastChannel has purchased Enliven Marketing Technologies for about $98 million in a stock-for-stock transaction. Under the terms of the deal, DG Fastchannel’s payout covered Enliven’s $4.5…

10-Q Watch: The Knot: $1.4 Million For The Bump; Higher Costs - 0 Comments
Posted By Joseph Weisenthal - Thu 08 May 2008 03:14 PM PST

The Knot’s acquisition of pregnancy media company The Bump was just a baby step: the total purchase price, according to the company’s 10-Q filing, was $1.4 million in cash—$1.7 million…

Microsoft Releases Would-Be Directors From Unfought Proxy Fight - 0 Comments
Posted By Joseph Weisenthal - Thu 08 May 2008 02:35 PM PST

Just to drive home the point that Microsoft (NSDQ: MSFT) is done with Yahoo (NSDQ: YHOO), the company has relieved its ten would-be directors from their duties, according to WSJ.…

Virgin Mobile USA In Merger Talks With Helio; Other Options Still Being Considered - 0 Comments
Posted By Rafat Ali - Thu 08 May 2008 11:35 AM PST

From our sister site MocoNews: Virgin Mobile USA (NYSE: VM), the MVNO which just reported its Q1 earnings earlier this week, is in talks with the much smaller and troubled…

10-Q Watch: NYTCo: $1.9 Million Invested In QuadrantOne; Newspaper Buy; Epsilen; Debt Rating - 0 Comments
Posted By Joseph Weisenthal - Wed 07 May 2008 04:27 PM PST

Some highlights from NYTCo’s (NYSE: NYT) 10-Q filed this evening: -- QuadrantOne: “In February 2008, the Company invested $1.9 million for a 25% ownership interest in quadrantONE LLC, a consortium…

Earnings: Macrovision Call: TVGuide Mag To Be Sold Without Site - 0 Comments
Posted By Joseph Weisenthal - Wed 07 May 2008 02:32 PM PST

As we first reported, Macrovision (NSDQ: MVSN) is indeed looking to sell TVGuide the magazine sans its online home, TVGuide.com. Said CFO James Budge: “We expect the online properties to…