Google (NASDAQ:GOOG) is said to have submitted a sheet of acquisition terms for Yahoo’s (NASDAQ:YHOO) ad technology division 3 months ago, which did not pass corporate development. However, discussions remain ongoing, amidst chatter that Interim Yahoo CEO Ross Levinsohn very much wishes to sell or outsource its ad tech business. Possible buyers that have been mentioned include the IT services majors IBM and Accenture (NYSE:ACN).
Don’t Miss: Why is Nokia Taking Google to Court?
Shares of Verso Paper (NYSE:VRS) shoot the moon, as the firm indicates that it’s held talks regarding a potential business combination involving the bankrupt NewPage Corp., in a proposed deal valued at more than $1.43 billion. NewPage reports that its 2011 net sales amounted to $3.5 billion, while it owns paper mills in six states with a combined production capacity of approximately 3.5 million tons per year.
Don’t Miss: Here are the STUDS and DUDS of the DOW in 2012.
Want news like this in real-time so you can get an edge? Click here for Wall St. Cheat Sheet Pro.
Don't miss one of the biggest bull markets in history! Covers Gold, Silver, Gold & Silver stocks, and miners.
Learn More
There's always a bull market in some sector! Find the best opportunities in commodities.
Learn more
At last, a trading system that buys the right ETFs at the right time, time after time!
Learn more