Markets & Finance

Liberty Media Seeks to End Joint Ownership in QVC

Liberty Media (L) says it wants to end its joint ownership of home-shopping network QVC. Under its joint ownership agreement, Comcast (CMCSA) would have 30 days to make an offer to buy Liberty Media's 42% share at the established value, and Liberty Media would then have 30 days to make an offer to buy Comcast's share, according to news reports. If both Liberty and Comcast decide not to buy out the other's stake, QVC could entertain third party bids. (3/3)

Procter & Gamble (PG) has been in talks to acquire German hair-care company Wella AG for a range of $5 billion to $6 billion, according to a report in the Wall Street Journal. P&G owns Clairol hair-care products. (3/3)

Zemex Corp (ZMX) agrees to be acquired by Cementos Pacasmayo S.A.A., a publicly listed company in Peru, for $8.80 cash per ZMX share. (3/3)

Spin-Off Advisor's Joe Cornell says Ribapharm (RNA) may be bought by ICN, according to BusinessWeek. (2/28)

Integrated Defense Technology (IDE) hires Bear Stearns to help it explore alternatives. (2/27)

E Com Ventures (ECMV) Chairman and CEO Ilia Lekach withdraws buyout proposal. E Com owns the chain of Perfumania stores. (2/26)

Electronics For Imaging (EFII) agrees to buy Printcafe Software (PCAF) for $2.60 per PCAF share. (2/26)

The Good Business Issue

Sponsored Financial Commentaries

Sponsored Links

Buy a link now!

blog comments powered by Disqus