Deals wrap: Battling for TMX
The London Stock Exchange faces a nail-biting fight for Canadian peer TMX Group after aggressive rival bidder Maple trumped its sweetened offer by a whisker overnight. Proxy advisory firm ISS recommends TMX shareholders back the LSE offer.
Hulu has defied early skeptics that old-school media companies could collaborate to create a successful service for a new generation of TV watchers. But joint ventures have a knack for degenerating and an unsolicited approach for Hulu creates a perfect opportunity to find it a better home, writes Breakingviews columnist Jeffrey Goldfarb.
“Hulu LLC may cost potential buyers from Yahoo! Inc. to Amazon.com Inc. as much as 50 times earnings for a chance at owning what may be the next Netflix Inc,” reports Bloomberg.
The solar power industry may be heading for a shake-out as sliding solar cell prices and looming overcapacity spark a round of consolidation and force small and weaker players out of the market, fund managers and industry executives said at the Reuters Rebuilding Japan Summit.
Hanging on in the Deal Journal’s most popular list is a blog asking if it’s time to talk about a RIM takeover.