Atul Karmarkar.Com

The share price of Yahoo! took an anticipated dive in response to Microsoft’s decision to walk away from the $47.5 billion deal. The price fell almost 20% in initial trading on the NASDAQ before closing at $24.47, down by 14.65% and below Microsoft’s revised offer of $33/share. Shares of Microsoft finished half a percent lower, closing at $29.08.

After a long drawn out battle to acquire Yahoo!, Microsoft has finally walked away, bringing the curtains down over a drama that has been playing out over the past 3 months now. The latest meeting between the top honcho’s from either side, Steve Ballmer and Jerry Yang, did not yield a conclusive outcome. Microsoft offered [...]

Mars has agreed to acquire Wm Wrigley Jr Co for $23 billion, with some help from Warren Buffett. The Wrigley stock shot up 23.15% on the NYSE, closing at $76.91 after Mars said it would pay $80 for each Wrigley share. Mars remains a family owned company. The Mars-Wrigley merger creates a combo that will take on Hershey and Cadbury Schweppes. [...]

Air France-KLM has formally withdrawn it’s intention to buy Alitalia.As expected, the hitch arose due to differences with the unions, as well as the stand taken by the Italian government, which owns 49.9 % of the national carrier. Silvio Berlusconi, the PM-in-waiting has made it clear he will not accept the Air France bid in its current [...]

Game publisher Ubisoft, one of the world’s largest, has confirmed plans to acquire the mobile game development studio of Gameloft in Pune, India. This studio was set up in end 2006, the studio currently has a team of 120 developers and testers who will initially focus on creating titles for handheld consoles and reinforcing Ubisoft’s testing teams. To those [...]

Tata Motors has acquired Jaguar Land Rover in a deal valued at $2.3 billion, which includes brands, plants and IPR. Announcing the deal, Chairman Ratan Tata said,

The financial world got a rude jolt as JPMorgan Chase & Co., backed by the Government, confirmed their acquisition of 85 year old Wall Street firm Bear Stearns for $236 million, or $2 per share, a fraction of what it was worth till a while ago, and at a huge discount to it’s book value of $84 per share. Stunned investors, [...]