Welcome to the Popup issue of M&A Daily.
|Sifting the World Update |
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Microsoft (NASDAQ:MSFT) is buying mobile ad network InMobi after both Yahoo (NASDAQ:YHOO) and Google (GOOG/GOOGL) held talks but were not able to reach a deal. The target has been asking for a price around $2 billion. The deal partners know each other well as Microsoft is InMobi's largest customer. An announcement could come shortly.
Canyon Capital sent a letter the board of Yahoo! asking the company to sell the core business, assets, or the whole company.
ACE (NYSE:ACE) completed its acquisition of the Chubb.
Elsewhere on Seeking Alpha & Beyond
- Maui Land & Pineapple, cheap depending on where you sit (NYSE:MLP)
- Terex: Buy As New CEO, Merger, Highway Bill Play Out (NYSE:TEX)
- M&A In Travel: An Acquisition Of Swiss Kuoni? (OTC:KUIRF)
- Osiris: Accounting Irregularities Or Outright Fraud? (NASDAQ:OSIR)
- 50-75% Downside In Tower Semiconductor (NASDAQ:TSEM)
Disclosure: I am/we are long YHOO, PRGS, PMCS, BDBD, CB.
I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Additional disclosure: Chris DeMuth Jr and Andrew Walker are portfolio managers at Rangeley Capital. Rangeley invests with a margin of safety by buying securities at deep discounts to their intrinsic value and unlocking that value through corporate events. In order to maximize total returns for our investors, we reserve the right to make investment decisions regarding any security without further notification except where such notification is required by law.
Editor's Note: This article discusses one or more securities that do not trade on a major U.S. exchange. Please be aware of the risks associated with these stocks.