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New Media News Every Morning

Yahoo – News Corp alliance in the works

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news-corp.gifAfter rejecting Microsoft’s “undervalued” proposal, Yahoo is like a damsel in distress desperately hoping for its prince charming named News Corp. to rescue her from a looming hostile takeover.

According to a news article, the ever mysterious “person familiar with the situation” has confirmed that confidential details of this partnership are still in the works.

Then again, this might just be a contrived effort to force Microsoft to up the ante. As of today, the insensitive software giant stands by its “full and fair” bid. Or perhaps Yahoo is asking for a ridiculous bid simply because it doesn’t to sell to Microsoft. Take your pick.

Though News Corp’s Rupert Murdoch once mentioned that they are not interested in acquiring Yahoo, he remains open about a possible collaboration between this company and his social network site MySpace.com.

Originally posted on February 14, 2008 @ 6:40 am

Microsoft agrees to acquire Danger Inc.

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Microsoft Corp. has entered into an agreement to acquire Danger Inc., the company responsible for the software and services powering many popular consumer handsets. The acquisition will align Danger’s nearly 10 years of expertise in the mobile consumer space with Microsoft’s vision to provide innovative and compelling mobile experiences to a growing base of customers.

Danger Inc. provides services that allow people to keep in touch, stay organized and keep informed while on the go through real-time mobile messaging, social networking services and other applications – all blended together on a single phone that is intuitive and customizable.

Financial details of the acquisition were not disclosed.

Originally posted on February 11, 2008 @ 1:55 pm

Yahoo to Microsoft’s offer: No way!

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Yahoo! Inc. said the Yahoo! Board of Directors has carefully reviewed Microsoft’s unsolicited proposal with Yahoo!’s management team and financial and legal advisors and has unanimously concluded that the proposal is not in the best interests of Yahoo! and our stockholders.

Goldman, Sachs & Co., Lehman Brothers and Moelis & Company are acting as financial advisors to Yahoo!. Skadden, Arps, Slate, Meagher & Flom LLP is acting as legal advisor to Yahoo!, and Munger Tolles & Olson LLP is acting as counsel to the outside directors of Yahoo!

Editor’s note: In short, it is the same as asking Microsoft to make the offer higher.

Originally posted on February 11, 2008 @ 11:01 am

Comcast Spotlight acquires Vehix

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Comcast Spotlight has acquired Vehix, a multi-platform network that provides car buyers with a one-stop shopping experience. With the completion of this transaction, Comcast secured a 100% ownership of Vehix. Prior to the acquisition, Comcast owned a minority interest in Vehix. The remaining interest was purchased from a shareholder group, led by the Ken Garff Automotive Group.

Vehix distributes automotive content through multiple platforms, including the broadband and on-demand platforms of Comcast Spotlight, allowing more than 3,000 dealers to promote nearly 800,000 vehicles in online inventory at Vehix.com. In addition to original video content and proprietary virtual showroom technology, Vehix aggregates and co-develops content with best-of-breed brands like J.D. Power, Car and Driver Magazine, and NADA Guides.

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Originally posted on February 10, 2008 @ 8:41 pm

Dragon Media Online completes acquisition of Don’t Blink Media

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Dragon Media Online, Inc. announced the completion of its acquisition of Don’t Blink Media, Inc..

Don’t Blink Media was founded in 2005 by a group of interactive advertising veterans leveraging decades of collective experience with online buying, search engine marketing, search engine optimization, business development management and channel marketing.

Originally posted on February 10, 2008 @ 7:29 pm