Business Buzz 66: The Atlantic Wire: Rupert Murdoch Wants to Start a Billion Dollar Bidding War for Penguin

Business Buzz 66 Business news.....www.businessbuzz66.koolcentre.in,movies news.....www.koolcentre.in

The Atlantic Wire: Rupert Murdoch Wants to Start a Billion Dollar Bidding War for Penguin Oct 28th 2012, 22:17 The Atlantic Wire Latest entries Rupert Murdoch Wants to Start a Billion Dollar Bidding War for Penguin Oct 28th 2012, 22:01 Rupert Murdoch doesn't want to let the rumored Penguin and Random House merger happen so easily, so he's put in a last minute bid to buy Penguin for $1.6 billion. In Cash. The Murdoch-owned Sunday Times first reported [warning: paywall] the billionaire put in a last minute offer to scoop up the publishing house, and Pearson executives will consider the offer over the next few days. That report was backed up by the New York Times' Amy Chozick who spoke with a person close to the negotiations.  Murdoch is certainly in the buying mood lately. It was reported last weekend that Murdoch was thinking about purchasing the L.A. Times and Chicago Tribune for his soon-to-be split publishing division at News Corp. HarperCollins, another News Corp. property, will already be under that umbrella. Rather than merge with Random House and compete with HarperCollins, Murdoch would rather just pay for it.  This could, unfortunately, doom all of the fun names we thought up for a potential merger between Penguin and Random House. The one real downside of a HarperCollins merger is that it doesn't lend itself as well to fun new names. HarperCollins' Penguin is the best we could come up with.  Related Stories What Your Favorite Term for This Storm Says About You The Nor'eastercane That Almost Wasn't Texting Is Turning Us Into a Nation of Flakes The New York Times Endorses Barack Obama Sandy Is Now the Biggest Tropical Cyclone Ever Media files: large.jpg (image/jpeg) You are receiving this email because you subscribed to this feed at blogtrottr.com. If you no longer wish to receive these emails, you can unsubscribe from this feed, or manage all your subscriptions

You are receiving this email because you subscribed to this feed at blogtrottr.com. If you no longer wish to receive these emails, you can unsubscribe from this feed, or manage all your subscriptions