Markets & Finance

Intuit Buys Management Reports


Intuit (INTU) agreed to acquire closely-held Management Reports for about $92 million. Intuit says the deal will help it become a key player in the property management software area. (6/4)

Tele2 AB (TLTOA) denies market rumors that it will make a bid for Millicom International Cellular S.A. (MICC), and that it's been calling analysts to sound out their reaction toward potential a bid for MICC by TLTOA. (6/4)

USA Interactive (USAI) plans to begin exchange offers to buy out three of its publicly-traded units: Expedia (EXPE), Hotels.com (ROOM), and Ticketmaster (TMCS). The offers provide a 7.5% premium over current share prices, and USAI will issue about 156 million new shares to complete the $4.5 billion deal. (6/3)


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