Shares of Playboy Enterprises Inc. have surged Thursday on a report that the company might sell itself.
The publisher’s Class B stock was up 79 cents, or 28%, to $3.65 at about 11:15 a.m. PST, after Bloomberg News said brand-licensing firm Iconix Brand Group Inc. was in deal talks with Playboy.
The arrogance of the financial institutions, the mad scientists they employ to manipulate the rules and rule makers, and the Emperor's New Clothes (trust me they're safe) marketing tactics they employ really do need to be regulated--- by the government, sure; by corporate boards of directors, absolutely. In a Working Capital Model world, there would be no financial crisis.
Yahoo rejects Icahn-MSFT Proposal
Big Ratio Spread on Yahoo (YHOO) Targets $27.50 a Share
Yahoo (YHOO) call options have seen two days of brisk trading. Some of Tuesday's volume was tied to a substantial ratio spread, which involved the purchase of 70,000 YHOO October 25 calls and the sale of twice as many October 27.5s. The spread is a directional bet for a move higher, and one that yields its best profits if YHOO settles at $27.50 at October options expiration.
Icahn Issues Letter Detailing talks With Microsoft
Carl Icahn has issued a letter to yahoo shareholders detailing the summary of his talks with Microsoft CEO Steven Ballmer. Here's an excerpt from the letter. During the past week I have spoken frequently with Steve Ballmer, CEO of Microsoft. However, Steve made it clear to me that if a new board were elected, he would be interested in discussing a major transaction with Yahoo!...
Microsoft Yahoo Talks Fail
Yahoo! Inc. has just announced that talks between it and Microsoft Corp. for a full or search limited buyout by Microsoft have ended with Microsoft refusing to go for a full buyout of Yahoo! Inc. and Yahoo refusing a sale of its search division to Microsoft. Excerpts from the press rlease below, and more updates coming later.
The Real Answers To Yahoo's Questions
Yahoo Rejected $40 Microsoft Bid In January
Delaware Chancery Court Judge issues ruling to unseal court documents realted to a Yahoo shareholder lawsuit. The documents show that Yahoo rejected a $40 per share offer from Microsoft in January. And that Yahoo cooked up a costly severance plan to make a Microsoft takeover unfeasiable.