Mergers & Acquisitions: Yahoo Exploring Options, Dish Network Looks to Acquire Mobile Carrier

Yahoo (NASDAQ:YHOO) confirmed Friday in an internal letter to employees that it had hired Allen & Company as its financial adviser in order to explore strategic options. No news yet on whether one of those options might include a sale.

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Dish Network (NASDAQ:DISH) is considering buying a cellphone service provider like Sprint Nextel (NYSE:S) or Clearwire (NASDAQ:CLWR) in order to make use of its wireless spectrum holdings. “We’ll look at partnerships, acquisitions, all of the above,” said chief executive Joseph Clayton.

Hewlett-Packard’s (NYSE:HPQ) new chief executive, Meg Whitman, didn’t seem happy with the $11.7 billion that the company is paying for Autonomy of Britain when interviewed by All Things Digital. “It is what it is,” she said.

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Rio Tinto is considering spinning off part of its Australian aluminum assets, as a planned carbon tax would increase costs while lowering margins. Rio is working with Macquarie Group and PricewaterhouseCoopers to explore its options.