Newspaper wrap-up 3-1-07: Blockbuster in talks to acquire Movielink
Posted Mar 1st 2007 9:30AM by Eric Buscemi
Filed under: Newspapers, Magazines, Internet, Starbucks (SBUX), Ford Motor (F), Home Depot (HD), McDonald's (MCD), Blockbuster Inc 'A' (BBI), Oracle Corp (ORCL)
MAJOR PAPERS:
- The Wall Street Journal (subscription required) reported that Oracle Corporation (NASDAQ: ORCL) has agreed to acquire Hyperion Solutions Corporation (NASDAQ: HYSL) for $52 per share.
- The Wall Street Journal reported, citing people familiar with the matter, that Blockbuster Inc (NYSE: BBI) is in advanced talks to acquire Movielink LLC, an online movie-downloading company owned by major Hollywood studios.
- Also reported in the Wall Street Journal, McDonald's Corporation (NYSE: MCD) is moving closer to adding lattes and cappuccinos to its menu, a move that would be a direct shot at Starbucks Corporation (NASDAQ: SBUX).
- According to the Financial Times (subscription required), DirecTV Group Inc (NYSE: DTV) is considering ways to bundle high speed internet access to its 15 million satellite television customers.
- The Financial Times reported that private equity is "hovering" over Home Depot Inc's (NYSE: HD) wholesale supply business, which could fetch $11B in a sale.
OTHER PAPERS:
- The Detroit News reported that Ford Motor Company (NYSE: F) won a court order forcing diesel engine supplier Navistar to resume shipments to Ford's Louisville plant.
- Investor's Business Daily's "New America" column highlighted bank and broker SWS Group (NYSE: SWS).
Tags: bbi, blockbuster, detroit news, DetroitNews, directv, dtv, f, financial times, FinancialTimes, ford, ft, hd, home depot, HomeDepot, hyperion, hysl, ibd, investor's business daily, Investor'sBusinessDaily, investors business daily, InvestorsBusinessDaily, mcd, mcdonald's, mcdonalds, movielink, navistar, new america, NewAmerica, newspaper, oracle, orcl, paper, periodical, sbux, starbucks, sws, sws group, SwsGroup, wall street journal, WallStreetJournal, wsj
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