Mergers and Acquisitions Review: Google Wants Yahoo’s TECH, Verso Shoots The MOON
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).
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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.
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