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Newspaper wrap-up: IBM-AMD merger rumor is 'speculation gone amok'

Posted Jan 25th 2008 8:00AM by Eric Buscemi
Filed under: Newspapers, Magazines, International Business Machines (IBM), IAC/InterActiveCorp (IACI), Advanced Micro Dev (AMD)

MAJOR PAPERS:

Liberty Media Corporation (NASDAQ: LCAPA) filed a lawsuit in Delaware against IAC/InterActiveCorp's (NASDAQ: IACI) Barry Diller in an attempt to block Mr. Diller from completing the spinoffs of several units on terms that could dilute Liberty's voting power; the suit follows a suit filed by IAC against Liberty seeking to complete the divestiture on its own terms, the Wall Street Journal said.

OTHER PAPERS:

The Evening Standard learned that billionaire Wilbur Ross is in takeover talks with AMBAC Financial Group Inc (NYSE: ABK) and that a deal could come within the next two weeks.

WEB SITES:

According to analysts, TheDeal.com's Dealscape blog reported that the troubles at WellCare Health Plans Inc (NYSE: WCG) could lead to a sale of the company after the departure of the company's three executives.
Citing a source close to Advanced Micro Devices Inc (NYSE: AMD), CRN.com reported that rumors of a merger between the company and International Business Machines Corporation (NYSE: IBM) "is nothing but speculation." A rumor in Mergermarket, which caused AMD's share price to spike almost 11% on Wednesday, said IBM's microelectronics division could merge with AMD "possibly in the near term."

Tags: ABK, Advanced Micro Devices, AdvancedMicroDevices, AMBAC, AMBAC Financial, AmbacFinancial, AMD, Barry Diller, BarryDiller, IAC, IAC/InterActiveCorp, IACI, IBM, IBM Corp, IbmCorp, LCAPA, Liberty Media, LibertyMedia, WCG, WellCare Health, WellcareHealth, Wilbur Ross, WilburRoss

Indexes	Change	Price
DJIA	-89.23	12,801.23
NASDAQ	-23.35	2,903.88
S&P 500	-9.31	1,342.64

Last updated: February 13, 2012: 06:17 AM

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