The Wall Street Journal is reporting that the former Chief Executive at AOL, Jonathan Miller is trying to raise $30 Billion to purchase Yahoo for $20-$22 a share. The Journal reports that he has been talking to private equity investors and sovereign wealth funds for months in hopes of raising money for a deal. Yahoo shares are up $.55 today on the news … [Read more...]
Next Credit Crisis: $2 Trillion in Credit Card Spending Limits To Disappear
According to Oppenheimer & Co banking analyst Meredith Whitney, the U.S. credit card industry may pull back well over $2 trillion of lines over the next 18 months leading to sharp declines in consumer spending, prominent said. The credit card is the second key source of consumer liquidity, the first being jobs. "In other words, we expect available consumer liquidity in the form or … [Read more...]
Microsoft & Yahoo In Talks, Again?
According to the Times of London, Microsoft is again in talks to acquire Yahoo’s online search business for $20 billion. Under the terms of the proposed transaction, Microsoft would provide a $5 billion facility to a new management team which would then raise an additional $5 billion from external investors. This cash would be used to buy convertible preference shares and warrants which … [Read more...]
AmLawDaily.com Asks “Will The UN Take Over The Internet”
The AmLawDaily, poses the above question to Stephen Ryan, a partner in the law firm of McDermott, Will & Emery who according to the post is "the longtime outside counsel for the American Registry of Internet Numbers. According to the article the "Internet Governance Forum" is being held in India this week and ""The main topic of conversation this year: Should the United Nations or some … [Read more...]
Here Comes Another Geo Site: Knoxville.com to Premier Next Week
The Knoxville News Sentinel, announced today that they were finally going to use their long owned domain, Knoxville.com. """"Starting Friday, Dec. 5, Knoxville.com will become the News Sentinel's premier online source of information about things to do in the Knoxville. Major sections of the site will include movies, music, events, nightlife and dining. There also will be a visitor's guide with … [Read more...]
XM Radio: R.I.P
This is off the topic of domains, but I find most domainers are Tech Toy crazy. I did want to acknowledge the passing of one of the original tech toys, XM Radio. About 10 days ago the official merger between XM Radio and Sirius went into effect, with Sirius being the surviving company. As one of those who had XM, almost from the start, I will miss it. Everyone who had XM for a number … [Read more...]
Icahn Buys More Of Yahoo
According to the AP, Carl Icahn, bought 7 million more shares of Yahoo for $67 million. That works out to about $9.92 a share. His stake in Yahoo is now 75.6 million shares, or nearly 5.5 percent of the company Icahn previously bought 70 million shares for about $25 a share and has lost $900 million on that investment. So what do you think is Yahoo a bargain at $10 a share and what is … [Read more...]