M & A wrap: Finding more perks to Google’s latest buy
Google’s blockbuster acquisition of Motorola Mobility will bring an unusual stable of tax and accounting benefits to the search-engine giant, already one of Corporate America’s most savvy users of such perks.
Japan’s Sony, Toshiba and Hitachi will merge their liquid-crystal display operations using $2.6 billion of government-backed funds to fend off growing competition from rivals in South Korea and Taiwan. Here’s the press release.
“Amid rocky markets this month, IPOs failed at a pace reminiscent of the tech-bubble hangover,” reports the WSJ.
“The Bank of America deal is actually a case study in why the rest of us can’t invest like Warren Buffett,” reports Slate.
For your morning distraction, Conrad Black tells Vanity Fair who he blames for his woes and what life was like in prison.