12 Stocks Making Big M&A News and Rumors This Week
Here’s your Cheat Sheet to this week’s top mergers and acquisition news:
DIRECTV (NASDAQ:DTV): Current price $61.21
A knowledgeable source said Friday that the satellite operator DIRECTV, alongside two other bidders have offered in excess of $1 billion apiece for Hulu, which makes it more likely that the owners News Corp and The Walt Disney Company will be able to divest the video streaming service they were unable to unload in 2011. Hulu board members are being advised by Guggenheim Partners on the auction, and entertained a minimum of seven buyout offers last week, according to the source, who added that the figure will be trimmed down in the next two or three weeks.
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