4 Merger and Acquisitions Stock Stories for Wednesday Due Diligence
Yahoo! (NASDAQ:YHOO): Current price $22.06
Yahoo is in discussions to buy a controlling interest in the globally popular online video website Dailymotion, in what would become Yahoo Chief Executive Marissa Mayer’s biggest deal since taking over in July, according to The Wall Street Journal on Tuesday. Dailymotion is owned by the French telecommunications firm France Telecom-Orange; the WSJ said that Yahoo might purchase as much as 75 percent, citing anonymous sources. The report also related that Dailymotion might be valued at about $300 million, but that a deal is not imminent and could still collapse. None of the parties involved had commented by late Tuesday.
Are these stocks a buy or sell? Let us help you decide. Check out our Stock Picker Newsletter now.