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’Further further reading
For the commute home, or while worrying about what Friday may bring,
- ‘What if the stock market was a bond?’
- One hundred ways to reduce the federal deficit.
- A good, basic summary of Saudi Arabia’s importance.
HuffPo proves there IS (a lot of) money in blogs
It’s a question that has plagued bloggers since – well, since the industry began its hitherto short life. Some manage to sell much more advertising than others but the Truly Big Moment comes when a big entity walks in and puts a pile of cash on the table.
Snap news
Breaking pre-market news on Monday,
- AOL to buy The Huffington Post for $315m — statement.
- Julius Baer to buy back shares; annual profits rise — statement.
- Takeover target 888 Holdings says annual results will be in line with City forecasts — statement.
About those Yahoo buyout rumours
Shares in Yahoo are blazing in pre-market trading:
That’s $17.21 per share versus a Wednesday close of $15.25 per share …
…after the Wall Street Journal reported that several private equity companies are mulling bids:
Time Warner to spin off AOL
Media conglomerate Time Warner said on Monday it will spin off its AOL unit to shareholders on Dec 9, nine tumultuous years after one of the most disastrous corporate mergers in history, reports Reuters.
Big names in UK digital media launch new fund
Four of the biggest names in the UK digital media scene are teaming up to launch an investment fund for internet start-ups, the FT reported. Michael Birch, co-founder of Bebo, the social network acquired by AOL last year for $850m,
Time Warner to spin off AOL by year-end
Time Warner will spin off the entire AOL internet business by year-end, the US media group said on Thursday, bringing the curtain down on one of the biggest and worst deals in history. AOL’s all-share acquisition in 2001 valued Time Warner at $164bn but was followed by a series of huge write-downs,
Time Warner close to AOL deal
Time Warner is close to a decision to spin off all of its AOL internet business. Although not yet final, executives are known to favour spinning off the whole division rather than a part of it. Over the past year,
Microsoft and News Corp talk on Yahoo
News Corp is in “serious talks” with Microsoft over a joint bid for Yahoo, reports the WSJ, although the NYT says the talks are at a “sensitive stage”. Meanwhile, Yahoo and Time Warner’s AOL are nearing a deal to combine their internet operations,
AOL to ‘supercharge’ Bebo revenues
AOL on Thursday claimed it could “supercharge” the revenues from advertising on social networks after the Time Warner-owned portal agreed an $850m offer for Bebo, the closest rival to Facebook and MySpace.
Time Warner to split AOL businesses
Time Warner is separating AOL’s dial-up internet access service from its faster-growing online advertising business. The move could presage a sale or further realignment of both businesses in response to Microsoft’s $42.2bn offer for Yahoo.
AOL bids for TradeDoubler
AOL has offered to buy Sweden’s TradeDoubler in a bid to boost its online advertising business in Europe, reports the Wall Street Journal. The deal, valued at about $900m, was rejected by Swedish pension fund manger Alecta,