TITLE

Microsoft Shops for 'Ciao.com'

AUTHOR(S)
Schachter, Ken
PUB. DATE
August 2008
SOURCE
Red Herring;8/29/2008, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on Microsoft's acquisition of Greenfield Online, the parent of European price comparison engine Ciao.com, for $486 million. Steve Rattner's Quadrangle Group has previously offered to buy Greenfield for $15.50 per share, or about $426 million but a "go shop" provision in the agreement let Greenfield seek alternative buyers. According to UBS analyst Heather Bellini, the deal is designed to boost Microsoft's online businesses in Europe.
ACCESSION #
36806794

 

Related Articles

  • Yahoo Shares Fall; Google Declared Winner. Schachter, Ken // Red Herring;5/5/2008, p2 

    The article reports on the decrease in the shares of Yahoo following chief executive Jerry Yang's decline of Microsoft's acquisition offer. According to a UBS research, Google has dominated the search market because Microsoft had failed to achieve the scale it sought. In order to compete against...

  • Ciao Microsoft : Tech giant buys Wilton company. Soule, Alexander // Fairfield County Business Journal;9/8/2008, Vol. 47 Issue 36, p1 

    The article reports on the purchase of Greenfield Online Inc. and its Ciao shopping Web sites by Microsoft Corp. in Fairfield County, Connecticut. Microsoft promises to find a buyer to operate the Wilton company's business running Internet consumer market-research surveys. It pays $486 million...

  • NYC firm to acquire Wilton's Greenfield Online for $426M. Soule, Alexander // Fairfield County Business Journal;6/23/2008, Vol. 47 Issue 25, p5 

    The article reports on the $426 million acquisition of the Greenfield Online Inc. by the New York City-based Quadrangle Group L.L.C. in Fairfield County, Connecticut. The author stated that the company's 2008 share has dropped at nine percent before the announcement of the acquisition. In...

  • TechSpin: Will Microsoft Say "Never Mind"? Dreyfuss, Joel // Red Herring;4/28/2008, p3 

    The article deals with the impact of the hostile takeover bid launched by Microsoft for Yahoo on Microsoft's financials. It relates the impact of the bid on Yahoo's share price. It discusses the outlook of Yahoo shareholders on a possible proxy battle between Microsoft and Yahoo. It examines the...

  • No Kudos from the Market for CACI. Appin, Rick // Mergers & Acquisitions Report;09/27/99, Vol. 12 Issue 38, p1 

    Reports on the buyout of CACI International Corp., a computer-based information technology and systems engineering provider. Stake acquired by former CACI Director Alan Parsow; Stock price of CACI; Amount of market cap CACI might see in the buyout; Comments by CACI Chairman and Chief Executive...

  • Southwest Ups Bid, Auction Set for Thursday. Creedy, Kathryn B. // Aviation Today's Daily Brief;8/11/2009, p1 

    The article examines Southwest's decision to increase its bid for Frontier. The decision was made following a massive decline in airline stocks, leading to suspicions among observers of the deal. Under the bid, Southwest would continue operations of Frontier's 57 remaining routes, giving the...

  • North Coast Energy Lands Not One, but Several, Takeout Bids. Roberts, Ricardo // Mergers & Acquisitions Report;10/20/2003, Vol. 16 Issue 40, p4 

    Reports the takeover bids received by North Coast Energy as of October 2003. Share price of North Coast; Prices offered in the proposals received; Bidders for North Coast; Revenue of North Coast for the second quarter of 2003 as compared to 2002.

  • NeighborCare Balks at Omnicare Price. Cohen, Judy Radler // Mergers & Acquisitions Report;8/9/2004, Vol. 17 Issue 32, p1 

    Reports on the implications of Omnicare Inc.'s tender offer to pharmacy services company NeighborCare Inc. on both companies stock prices. Details of NeighborCare Inc.'s financial performance for its fiscal third quarter ended June 30, 2004; Overview of stock prices for both companies.

  • Fox & Hound Takeout--A Full Price. Hamerman, Joshua // Mergers & Acquisitions Report;1/9/2006, Vol. 19 Issue 1, p1 

    The article focuses on the acquisition of Fox & Hound Restaurant Group by private equity firm Levine Leichtman Capital Partners Inc. The value of the deal is $155.5 million. The shares of Fox increased after the merger agreement was signed. Strategic buyers were also attracted to the Fox deal....

Share

Read the Article

Courtesy of VIRGINIA BEACH PUBLIC LIBRARY AND SYSTEM

Sign out of this library

Other Topics