Yahoo stock jumps as board contemplates offers
As Yahoo's (YHOO) board continues to debate bids for all or part of the company, investors are betting the end result of the current negotiations will be a higher stock price.
Yahoo stock rose as much as 4.8 percent during Thursday trading, and settled at $16.23 at the close for a gain of 3.3 percent. That price is not far from the $16.60 a share that a group led by Menlo Park-based private equity firm Silver Lake Partners has reportedly offered for a large stake in Yahoo.
Yahoo's board reportedly met Wednesday to discuss bids for the company, including the Silver Lake bid and another bid for a minority stake by TPG Capital, according to reports from The New York Times and Bloomberg News.
Reports say nobody has yet made a bid for the entire Sunnyvale company, but Alibaba -- one of China's biggest Internet companies, which is partly owned by Yahoo -- is reportedly building such a bid with partners that would exceed $20 a share after factoring in tax savings.
-- Jeremy C. Owens, staff
Apple exec who boosted government sales exits
Apple's (AAPL) vice president in charge of sales to the U.S. government, who helped get its devices into more federal agencies, has left the company, according to a person with knowledge of the move.
Ron Police, who had run the government sales force since 2004, left in October, said the person, who asked not to be named because the departure hasn't been disclosed. Police's LinkedIn profile indicates that he's no longer at the company.
Police helped Apple's iPhone and iPad gain a foothold at government agencies, a market traditionally dominated by technology products from companies such as Microsoft, Dell and Research In Motion. To further that effort, Apple is seeking security certification from the National Institute of Standards, the agency that provides technology recommendations to the federal government.
-- Bloomberg News
Sprint renews commitment to Clearwire's WiMax
Sprint Nextel is mending fences with independent subsidiary Clearwire, pledging Thursday to use the data network Clearwire is planning to build and to participate if the company raises more capital.
The announcement is a lifeline for Clearwire, which is struggling financially. It's using a network technology called WiMax that has been bypassed by all phone companies except Sprint, and lacks the funding to upgrade to the industry's standard technology.
Sprint said it will collaborate with Clearwire on building the new network and expects to sell phones that can use it, starting in 2013. It will pay up to $350 million in advance for network capacity if Clearwire meets certain buildout goals.
Clearwire shares climbed 14 percent 2 to $2.03 in Thursday's trading. Earlier in the day, the stock was up as much as 37 percent.
-- Associated Press
Source: http://www.siliconvalley.com/ci_19450661?source=rss_viewed
malawi malawi angela davis angela davis zombie apocalypse matt moore matt moore
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.