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 5/10 Good --- seekingalpha.com http://seekingalpha.com/symbol/qqqq.xml
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Thursday, May 15, 2008 --- 70 days ago http://seekingalpha.com/article/77393-wall-street-breakfast-must-know-news?sourc
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CBS scoops up CNET. CBS (CBS) agreed to acquire CNET Networks (CNET) for $11.50 per share, or about $1.8B -- shares closed Wednesday at $7.95. The acquisition will make CBS one of the 10 most popular Internet companies in the U.S., with a combined 54M unique users per month, it said. "There are very few opportunities to acquire a profitable, growing, well-managed Internet company like CNET Networks," CBS CEO Leslie Moonves said in a release. "CNET Networks will add a tremendous platform to extend our complementary entertainment, news, sports, music and information content to a whole new global audience. Together, CBS and CNET Networks will have significant additional exposure to the fastest-growing advertising sector and can accelerate our growth through a number of new content, promotion and advertising initiatives."
Icahn readies for battle. Carl Icahn may name a 10-person proposed slate to replace Yahoo's (YHOO) board as early as this morning, after amassing a stake of about 50M shares. It's unclear whether Icahn really wants to domineer the board, or just force Yahoo back to the table with Microsoft (MSFT). Icahn, through friends, approached Microsoft about reopening negotiations, and was told Microsoft had "moved on." Daniel Loeb's Third Point hedge-fund disclosed yesterday a 1M share stake in Yahoo.
Petrobras corners deep-sea rig market. Petrobras (PBR) has leased about 80% of the world's 21 deepe ... |
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