BCST news :
"New York, March 19 (Bloomberg) -- Yahoo! Inc., the No. 1 Internet directory, is interested in buying Broadcast.com Inc., Business Week reported in its online edition, citing an unidentified source familiar with the situation"
Yahoo Chairman and Chief Executive Timothy Koogle, co-founder Jerry Yang and other senior managers have been meeting with executives at Broadcast.com to discuss a potential acquisition, which could be valued at almost $3 billion, based on Broadcast.com's closing share price today. America Online Inc. and General Electric Co.'s NBC unit also are interested in Broadcast.com, an unidentified source said, and none of the companies would comment, the magazine reported.
Shares of Dallas-based Broadcast.com, which transmits audio and video programs over the Internet, have more than doubled this year, falling 2 to 85 today.
(Business Week Online 3/19 www.businessweek.com)
Don't get too excited ,, 3 bill comes to 87 a share,, for BCST
not much of a premium ! |
