AOL eyes tie-up with Yahoo! – report

AOL eyes tie-up with Yahoo! – report
(Telecompaper) AOL has hired financial advisers to explore various strategic options for the company, one of which includes a possible tie-up with bigger rival Yahoo!, people familiar with the matter told the Wall Street Journal. In recent days, AOL’s advisers have been presenting different scenarios to AOL officials that illustrate how the two companies could combine their operations and whether the complexity of any such transaction could be surmounted. AOL, which has held previous merger talks with Yahoo!, has stopped short of reaching out to its potential partner with a formal proposal, these people said. AOL has been encouraged by what it perceives as a Yahoo board that is more open to discussing strategic tie-ups, according to the paper’s sources. Among the scenarios being examined by AOL are a combination of Yahoo and AOL’s online businesses after a spin-off of Yahoo’s Asian assets that would return capital to shareholders. Another scenario would have private-equity firms take a stake in the combined operations, along with a plan to pay a dividend to Yahoo shareholders.[Lees verder]

Mail.ru prices IPO at top of range, shares soar
(Telecompaper) Russian internet group Mail.ru priced its initial public offering at the top end of the range, raising USD 912 million. The company sold 32.93 million ordinary shares, in the form of GDRs, at USD 27.70 per GDR, and the bookrunners have the option to sell another 3.3 million shares in the next 30 days. Without the extra allotment, 17 percent of Mail.ru’s shares will be listed. Mail.ru’s share of the proceeds from the IPO will be USD 84 million, with the remainder going to selling shareholders. The company plans to use the money to increase its stake in social network Vkontakte. In its first day of trading on the London Stock Exchange, the company’s shares rose 30 percent.[Lees verder]

AOL eyes tie-up with Yahoo! – report
(Telecompaper) AOL has hired financial advisers to explore various strategic options for the company, one of which includes a possible tie-up with bigger rival Yahoo!, people familiar with the matter told the Wall Street Journal. In recent days, AOL’s advisers have been presenting different scenarios to AOL officials that illustrate how the two companies could combine their operations and whether the complexity of any such transaction could be surmounted. AOL, which has held previous merger talks with Yahoo!, has stopped short of reaching out to its potential partner with a formal proposal, these people said. AOL has been encouraged by what it perceives as a Yahoo board that is more open to discussing strategic tie-ups, according to the paper’s sources. Among the scenarios being examined by AOL are a combination of Yahoo and AOL’s online businesses after a spin-off of Yahoo’s Asian assets that would return capital to shareholders. Another scenario would have private-equity firms take a stake in the combined operations, along with a plan to pay a dividend to Yahoo shareholders.[Lees verder]

Mail.ru prices IPO at top of range, shares soar
(Telecompaper) Russian internet group Mail.ru priced its initial public offering at the top end of the range, raising USD 912 million. The company sold 32.93 million ordinary shares, in the form of GDRs, at USD 27.70 per GDR, and the bookrunners have the option to sell another 3.3 million shares in the next 30 days. Without the extra allotment, 17 percent of Mail.ru’s shares will be listed. Mail.ru’s share of the proceeds from the IPO will be USD 84 million, with the remainder going to selling shareholders. The company plans to use the money to increase its stake in social network Vkontakte. In its first day of trading on the London Stock Exchange, the company’s shares rose 30 percent.[Lees verder]

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