Posted: March 21, 2008
Google Proposes Hostile Takeover Bid
SAN JOSE, California- Google Inc. (http://finance.yahoo.com/q?s=GOOG) has made a hostile takeover bid for the purchase of Time Warner Inc.(http://finance.google.com/finance?client=ob&q=TWX). The purchase price has been reported at $50 billion dollars in both cash and stocks. $35 billion being cash to stock holders, $10 billion in stock and the remaining $5 billion in assumed debt.
This move has left the CEO of Yahoo Inc., Terry Semel, and The CEO of Microsoft Inc., Steve Ballamer, troubled. Yahoo ( http://sg.finance.yahoo.com/q?s=YHOO) hoping to be bought out by Time Warner while Microsoft ( http://www.microsoft.com/msft/default.mspx) was looking to buy Time Warner.
Dr. Eric Schmidt, CEO of Google, was quoted saying: “Google strikes while the iron’s hot and the iron’s hot right now in the media industry. This is the correct move at the correct time for Google.”
Friday, March 21, 2008
Thursday, March 20, 2008
PNS: 8 Business
PNS 8: Business
Posted: March 20, 2008
Google Proposes Hostile Takeover Bid
SAN JOSE, California- Google Inc. made a hostile takeover bid involving the purchase of Time Warner Inc. The purchase price is reported at $50 billion dollars in cash and stocks. It will be divided up with $35 billion in cash to stockholders, $10 billion in stock and $5 billion in assumed debt.
Both Yahoo Inc. and Microsoft Inc. are not happy about this move. Yahoo hoped to be bought out by Time Warner where as Microsoft wanted to buy Time Warner. If this takeover goes through it may possibly make it much more difficult for Yahoo to sell.
CEO of Google, Eric Schmidt, was quoted saying: "Google strikes while the iron’s hot and the iron’s hot right now in the media industry. This is the correct move at the correct time for Google."
Posted: March 20, 2008
Google Proposes Hostile Takeover Bid
SAN JOSE, California- Google Inc. made a hostile takeover bid involving the purchase of Time Warner Inc. The purchase price is reported at $50 billion dollars in cash and stocks. It will be divided up with $35 billion in cash to stockholders, $10 billion in stock and $5 billion in assumed debt.
Both Yahoo Inc. and Microsoft Inc. are not happy about this move. Yahoo hoped to be bought out by Time Warner where as Microsoft wanted to buy Time Warner. If this takeover goes through it may possibly make it much more difficult for Yahoo to sell.
CEO of Google, Eric Schmidt, was quoted saying: "Google strikes while the iron’s hot and the iron’s hot right now in the media industry. This is the correct move at the correct time for Google."
Thursday, March 6, 2008
PNS 7: speech
Posted: Nov. 19, 1863
GETTYSBURG, Penn.-On the hot, dewy day of Nov. 19, over 1,500 people gathered to hear President Abraham Lincoln gave a noble speech about the battle of Gettysburg. Lincoln declared that part of the battlefield will serve as a memorial for the 7,500 soldiers lost in the battle. "We have come to dedicate a portion of that field, as a final resting place for those who here gave their lives that that nation might live. It is altogether fitting and proper that we should do this." Lincoln said.
With our nation in a state of war, it was obvious that a main goal of this speech was to motivate the people of this great country. Lincoln stated: "the great task remaining before us -- that from these honored dead we take increased devotion to that cause for which they gave the last full measure of devotion -- that we here highly resolve that these dead shall not have died in vain-"
Many were intrigued by this address and it may be just what America needs to get us through this war. We are fighting for many honorable causes and it is comforting to know that we have a leader who can carry us through.
Lincoln ended his speech by saying: "that this nation, under God, shall have a new birth of freedom -- and that government of the people, by the people, for the people, shall not perish from the earth. "
GETTYSBURG, Penn.-On the hot, dewy day of Nov. 19, over 1,500 people gathered to hear President Abraham Lincoln gave a noble speech about the battle of Gettysburg. Lincoln declared that part of the battlefield will serve as a memorial for the 7,500 soldiers lost in the battle. "We have come to dedicate a portion of that field, as a final resting place for those who here gave their lives that that nation might live. It is altogether fitting and proper that we should do this." Lincoln said.
With our nation in a state of war, it was obvious that a main goal of this speech was to motivate the people of this great country. Lincoln stated: "the great task remaining before us -- that from these honored dead we take increased devotion to that cause for which they gave the last full measure of devotion -- that we here highly resolve that these dead shall not have died in vain-"
Many were intrigued by this address and it may be just what America needs to get us through this war. We are fighting for many honorable causes and it is comforting to know that we have a leader who can carry us through.
Lincoln ended his speech by saying: "that this nation, under God, shall have a new birth of freedom -- and that government of the people, by the people, for the people, shall not perish from the earth. "
Subscribe to:
Posts (Atom)