Newspaper wrap-up 3-13-07: Microsoft to acquire Tellme Networks
Posted Mar 13th 2007 9:42AM by Eric Buscemi
Filed under: Newspapers, Magazines, Internet, Microsoft (MSFT), Intel (INTC), Diageo plc (DEO), Citigroup Inc. (C), JPMorgan Chase (JPM)
MAJOR PAPERS:
- According to the Wall Street Journal's (subscription required) "Heard on the Street" column, JP Morgan Chase and Company (NYSE: JPM) is working on its growth without acquisitions, by bulking up its Hollywood business and its pension-advisory business.
- The Wall Street Journal reported this morning that China's economic-planning agency said it would allow Intel Corp (NASDAQ: INTC) to build a chip plant in the northeastern city of Dalian.
- The Financial Times (subscription required) reported that Citigroup Inc (NYSE: C) has raised its bid for Nikko Cordial by 25.9% to around $13.4B.
OTHER PAPERS:
- CNet.com has learned that Microsoft Corporation (NASDAQ: MSFT) is close to acquiring privately held Tellme Networks, which a deal expected to be completed later this week.
- The U.K. Times reported that Warner Music Group Corp (NYSE: WMG) is struggling to justify raising its bid for rival EMI Group (OTC: EMIPY), because it does not believe it can risk an improved offer without having access to EMI's books.
- According to the Independent, Diageo plc ADS (NYSE: DEO) is expected to bid for Absolut vodka owners Vin & Sprit despite worries about competition.
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