HTLH Corp. and WebMD today terminated their merger agreement–the latest casualty of the economic downturn. Though HLTH owns an 84 percent stake in WebMD, WebMD was to be the surviving company in a deal that called for HLTH shares to be converted into 0.1979 shares of WBMD plus $6.89 in cash.
Sirius XM (SIRI) shares are down sharply again this morning, one day after the company provided updated guidance that disappointed the Street.
The company’s new guidance, in case you missed it:
Subscribers: 19.5 million at year-end 2008, 21.5 million at year-end 2009.
The Wall Street Journal whipped up a speculative frenzy yesterday with a story that said Dish Network (DISH) CEO Charlie Ergun was thinking about making a new attempt to merge his company with DirecTV (DTV), potentially creating a monopoly in satellite television services.
Sirius (SIRI) and XM (XMSR) this morning completed their merger, at long last. Terms of the deal called for XM holders to get 4.6 SIRI shares for each share of XMSR.
But are investors are celebrating? No, they are not.
As you know by now, the FCC on Friday at long last approved the pending merger of XM Satellite Radio (XMSR) and Sirius Satellite Radio (SIRI). That should clear the way for the completion of the merger.
The great satellite radio merger inches ever closer.
This morning, XM Satellite Radio (XMSR) announced a $400 million offering of senior notes, which it said is “part of a series of transaction to refinance certain debt” in connection with its pending merger with Sirius Satellite Radio (SIRI).
Sirius Satellite Radio (SIRI) provided 2009 financial guidance for the company that assumes the company completes its pending merger with XM Sirius Radio (XMSR).
After years of rumors, it finally happened. On Friday, Microsoft made its buyout offer for Yahoo. But while that was expected to happen, as both companies have had trouble catching online advertising juggernaut Google, what wasn’t so expected was that Microsoft CEO Steve Ballmer would go all Murdoch on Yahoo with a hostile bid at a 62% premium over Yahoo’s stock price. But unlike Rupert Murdoch’s hostile bid for Dow Jones, Ballmer doesn’t have to contend with family ownership or strange stock structures.
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