Deal Ideas: Are Gawker, Business Insider Next Media Takeover Targets?

by: Alacra Pulse Check Blog
By Sheena Lee

Deal Idea: After Monday’s announcement of the AOL - Huffington Post deal, which media firms could be next? The list of possible targets includes Gawker Media, owner of Gizmodo, Glam Media, and three-year old Business Insider, according to New York Times’ DealBook.

Street analysts so far are mostly positive on the AOL-HuffPo deal, including Citi’s Mark Mahaney and Lou Kerner of Wedbush Securities. Clayton Moran at the Benchmark Company is more skeptical, describing the deal as “somewhat speculative.”

Meanwhile, Barry Ritholtz at The Big Picture wonders what all the fuss is about.

Deal Idea: Indian software firms such as Tata Consultancy Services, Cognizant Technology (NASDAQ:CTSH) and Infosys Technologies (NASDAQ:INFY), are looking for acquisitions as they build capabilities in key business segments and geographies to take advantage of the gradual recovery in technology spending globally. (Reuters)

Rumor: Market talk that South Korea’s Samsung Electronics (OTC:SSNLF) may bid for Aixtron (NASDAQ:AIXG) at EUR 42 per share. (RANsquawk)

Rumor: Market talk that Teva (NYSE:TEVA) is interested in Momenta Pharma (NASDAQ:MNTA) for $21 per share. (RANsquawk)

Other Deal Activity:

Asahi Breweries (2502), Japan’s second-largest beermaker, will “aggressively seek acquisitions and alliances” this year to meet a goal to increase the portion of overseas sales by 2015, President Naoki Izumiya said. Asahi said it plans to buy drink makers in the Asia-Pacific, in a campaign to increase sales in the region to one-fifth of its total. (Bloomberg)

Discount retailer Big Lots (NYSE:BIG) is exploring a possible sale after receiving interest from buyout firms. Thomas H. Lee Partners LP and Bain Capital LLC, could be possible buyers. The shares climbed 15 percent Monday, giving the chain a market value of about $3 billion. (Bloomberg)

Kentucky-based Kindred Healthcare (NYSE:KND) agreed to acquire RehabCare Group (NYSE:RHB) for roughly $900 million in cash and stock. The deal, the companies said, will create the largest post-acute health care services company in the US. (DealBook)

Russia’s Sberbank (SBER) is among three potential buyers eyeing Austrian lender Oesterreichische Volksbanken AG’s VBI eastern European arm. (Reuters)

One of America’s wealthiest families, the Pritzker family, is nearing a deal to sell container leasing company Triton Container International to Warburg Pincus LLC and Vestar Capital Partners. (Wall Street Journal)

Private equity tycoon Guy Hands is among potential bidders for Chaucer (CHU), Sky News reported after the Lloyd’s of London insurer said it had received takeover approaches. (Reuters)