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October 7, 2015
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By Nicholson Baker

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Tag: Acquisition

Screenshot via Tumblr home page

Will Yahoo ‘Ruin’ Tumblr?

The Wall Street Journal reported Sunday that Yahoo’s board has approved a deal to buy social media site Tumblr for a whopping $1.1 billion in cash. But there’s a good reason that not everyone is enthused.

Posted on May 19, 2013 READ MORE

Flickr / sirenmedia

Ink-Stained Wretch

Rupert Murdoch’s international media group, News Corp., abandoned efforts to acquire British satellite broadcasting company BSkyB amid an outburst of official and public censure after it came to light that associated journalists spied on mobile phone conversations and bribed police officers to cover it up. (more)

Posted on Jul 13, 2011 READ MORE

B of A

SEC Fines B of A $33M for Bonus Bust

It’s baffling how $33 million can seem like a relatively small sum lately, but given that it’s all that Bank of America will have to pay the SEC for failing to inform investors about the billions in bonuses the bank paid Merrill Lynch executives during B of A’s acquisition of Merrill last year, it seems more like a light knuckle-rap than a full-on spanking.

Posted on Aug 3, 2009 READ MORE

Bill Clinton Advised UAE on Ports Deal

The spinmeister in chief gave the Arab country advice on how to allay concerns about its pending takeover of major U.S. ports. (Clinton did this at the same time his wife was railing against the deal—just in case anyone mistakenly assumes that the N.Y. senator takes all her cues from the ex-prez.)

Posted on Mar 2, 2006 READ MORE

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