‘Overpayers’ social network

August 25, 2008

sorrell2.jpgAre Microsoft and WPP gearing for an asset swap?

Advertising Age’s Abbey Klaassen is reporting that the two companies — criticized for overpaying for their respective digital advertising acquisitions — have rekindled six-month-old discussions to scratch each others itch.

Microsoft may possibly be seeking to shed its Avenue A/Razorfish, one of the units of aQuantive it purchased last year in a $5.9 billion deal. Avenue A accounted for about 60 percent of aQuantive’s revenue. But getting anywhere close to $3.5 billion would be far-fetched. The division’s market value is close to $800 million, Klaassen calculates.

Enter WPP’ s Martin Sorrell, who has also sought to unload Open AdStream, the ad-serving division of 24/7 Read Media, which WPP purchased for $649 million.

The hitch: Sorrell sees m&a activity in emerging markets like China, not the United States.

Keep an eye on:

  • Merrill Lynch may seek to revise its contract with MGM to see if the studio violated any terms by “axing” Paula Wagner as UA’s CEO (NY Post)
  • Beijing Olympics were a big ratings success for NBC, but profit estimates of as much as $100 million are too high. (FT)
  • Consumer electronics companies want your TV to talk to your fridge. (NYTimes)

(Photo: Reuters / WPP’s Martin Sorrell)

2 comments

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So far I don’t see or hear anyting from the current President or the Senators seeking his office which will be of any immediate help to home owners in foreclosure. I hear of a plan on the table which may or may not come to fruition. However, if the home owner and the economy is to benefit in an immediate fashion; why not do something that would accomplish this regardless to the present plan being hashed out in Washington? Before the President leaves office he should call for or sign by executive order a stay of all proceedings in regards to all Americans presently in foreclosure. This stay of proceedings would allow time for a more well thought out plan with the supposed 700 billion bailout funding as to how it will assist the average American home owner. In the mean time no other American home owner will suffer the loss of their home. If the President does nothing until the bailout plan is finally prepared and accepted, many more home owners will have lost their homes before recieving any benefit from these monies. By the time monies are available, that is if the average American home owner is benefited at all, it will be too little too late. This action will show the American people that President Bush can infact do what is best for the average American before he leaves office. President Bush can leave office with a positive impression in the minds of the American people.

Posted by Bill Brown | Report as abusive

So far I don’t see or hear anything from the current President or the Senators seeking his office which will be of any immediate help to homeowners in foreclosure. The current Bailout plan on the table does not appear to contain what is best for the average American homeowner.

However, if the homeowner and the economy are to benefit in an immediate fashion there must be an infusion of cash flow. Why not do something that would accomplish this regardless to the present plan being hashed out in Washington? Before the President leaves office he should call for or sign by executive order a stay of all proceedings in regards to all Americans presently in foreclosure. Americans who are presently in foreclosure should begin to pay their regular payments, portions thereof or at least the interest on the loan while the stay of proceedings is in place. This action would at least create a cash flow in the industry for the mortgage companies affording them to pay their obligations or whatever they deem necessary.

This stay of proceedings would also allow time for a more well thought out plan with the supposed 700 billion dollar bailout funding as to how it will assist the average American homeowner and the economy. In the mean time no other American homeowner will suffer the loss of their home. Is this not the goal and one of the focal points of the bailout?

If the President does nothing until the bailout plan is finally prepared and accepted many more home owners will have lost their homes before receiving any benefit from these monies. By the time monies are available, that is if the average American home owner is benefited at all, it will be too little too late. This action will show the American people that President Bush can in fact do what is best for the average American before he leaves office. President Bush can leave office with a more positive impression in the minds of the American people.

Posted by Bill Brown | Report as abusive