Markets & Finance

EchoStar May Revive Bid for Hughes Electronics


EchoStar Communications (DISH) may revive its $18 billion bid for rival satellite broadcaster Hughes Electronics (GMH), according to the Wall Street Journal. To win regulatory approval of the deal, EchoStar has offered to nurture a new competitor in the satellite industry, Cablevision Systems (CVC). (10/29)

Talks between Prudential (PRU) and Wachovia (WB) to launch a joint venture merging the firms' brokerage operations have collapsed, according to the Wall Street Journal. (10/29)

Walt Disney (DIS) still plans on selling the Anaheim Angels baseball team, despite winning its first World Series title in its 42-year history, according to the Wall Street Journal. The championship, along with the recent labor agreement with Major League Baseball, could lift the sale price of the Angels from around $215 million to between $250 million and $280 million. Last month, Disney hired Lehman Brothers to broker the sale of the Angels and its hockey team, the Mighty Ducks of Anaheim. (10/29)

Closely-held SSA Global Technologies sgrees to buy Infinium Software (INFM) for $7.00 cash per share, or about $92 million. (10/28)

P&O Princess Cruises (POC) withdraws plan to merge with Royal Caribbean (RCL), and pays RCL the agreed break fee of $62.5 million. Instead, POC will pursue a richer linkup with Carnival (CCL), the No. 1 cruise company, in a deal valued at $5.67 billion. (10/25)

DRS Technologies (DRS) agrees to buy Paravant (PVAT) for $4.75 cash per share. (10/24)

Microsoft (MSFT) agrees to buy Vicinity (VCNT) for $3.33 cash per share. (10/23)

Onvia.com (ONVI) rejects a $2.75 per share takeover offer from DGR Enterprises Inc. (10/22)


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