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.
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)
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.
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.)