A consortium including NBC Universal and Blackstone Group bidding for the Weather Channel is offering about $1.8 billion in equity for their bid, or roughly half the total offer, a source familiar with the matter said.
CBS said it is buying media firm CNET for $11.50 a share, a move that will make the broadcaster one of the top 10 Internet companies in the United States.
For the week ending Friday, May 16, 2008, the U.S. Equity Markets ended the week up with all of the major indices up ~2% or more as stocks gained from M&A news, easing inflation worries, and strong earnings results.... Read More