Deal Flow

Inside the world of M&A, IPOs, and Venture Capital

Justin Hibbard
Find local experts in:

« Hiring pressure on Wall Street | Main | Texas Pacific has great run with J Crew »

January 17, 2007

A deal about nothing

Steve Rosenbush

On the deal front, it has been a day of frustration and denial. Cablevision's board has rejected a sweetened $8.9 billion bid from the Dolan family. Now that the bidding for The Tribune Co. has come to an end, the lack of an announcement suggests that the board isn't about to accept any of them. And Federal Communications Commissioner Kevin Martin indicated today that XM and Sirius's satellite radio licenses would preclude the merger that many investors have been urging. Shares of XM dropped 10% and shares of Sirius dropped 7%. It's the Seinfeld effect: a story about nothing.

06:30 PM


Trackback Pings

TrackBack URL for this entry:


Post a comment


Copyright 2000-2009, Bloomberg L.P.
Terms of Use   Privacy Notice