Academic

Weekend News!

By Gordon Smith, Christine, Hurt, Vic Fleischer, Fred Tung, Lisa Fairfax, David Zaring

What a weekend ... Anheuser-Busch agreed to be acquired by InBev for about $52 billion (just when we were about to get some interesting litigation) and Yahoo rejected another Microsoft offer, this one with Icahn (Rupert Murdoch says a deal between Microsoft and Yahoo is unlikely because "there's bad personal feelings"). But the big news is that Treasury is proposing to bail out Fannie and Freddie. According to Paul Kedrosky, whom I met last week for the first time, "These are tough times, folks, and we're headed to a whole new place that has never been explored." Amen to that.

UPDATE: Henry Blodget on Yahoo-Microsoft: "In our opinion, this was not a serious offer. We think it was designed simply to give Microsoft and Icahn more to complain about in the weeks leading up to the shareholder meeting."

Full post as published by Conglomerate on July 14, 2008 (boomark / email).