Washington Post ACQUIRES These Scraps and 2 Hot Stocks On the Move
Fox (NASDAQ:NWS) and Comcast’s (NASDAQ:CMCSA) Universal Pictures released their respective films Ice Age: Continental Drift and The Lorax in the U.S. on different dates to avoid eating into each other’s ticket sales; not so in China, where government-controlled distributor China Film Group is doing the unthinkable – releasing the two films together on July 27.
Investing Insights: A.M. Buzzers: JPMorgan Reports $4.4 Billion LOSS, Lexmark and Vivus DROP.
The once highly-valued Internet start-up Digg was sold off in bits and pieces – LinkedIn (NYSE:LNKD) bought 15 of the company’s patents for $3.75M-$4M, The Washington Post (NYSE:WPO) took over Digg’s team for $12M and the website was sold to private company Betaworks for $500K-$725K.
Box Ships (NYSE:TEU) will sell $30 million of common stock in a public offering and use the proceeds to repay high cost existing debt; shares are off 16 percent fearing the dilution.
Don’t Miss: Apple: Crossing Borders and Breaking Sanctions.