Newspaper wrap-up 3-28-07: Microsoft to buy DoubleClick?
Posted Mar 28th 2007 9:19AM by Eric Buscemi
Filed under: Newspapers, Magazines, Internet, Microsoft (MSFT), Yahoo! (YHOO), Hershey Co (HSY), BP p.l.c. ADS (BP)
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MAJOR PAPERS:
- Online ad firm DoubleClick is exploring a sale, and is in talks with Microsoft Corporation (NASDAQ: MSFT), among others, reported the Wall Street Journal (subscription required).
- The Financial Times (subscription required) reported that BP plc ADS's (NYSE: BP) Russia venture, TNK-BP, abandoned its bid for a stake in Rosneft less than ten minutes into bidding, leaving Rosneft able to buy its own shares back at a 10% discount.
- According to the Financial Times, Tyco International Ltd (NYSE: TYC) bondholders are worried the company may try to avoid paying them in full when the company completes its break-up later in the year.
- The Financial Times reported that Cadbury Schweppes ADS (NYSE: CSG) CEO Todd Stitzer said a merger with Hershey (HSY) would make "commercial, strategic and financial sense" for Cadbury, which is preparing to split into two divisions.
OTHER PAPERS:
WEBSITES:
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