Stake Is Bought in IAC/Interactive
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The Liberty Media Corporation, the entertainment and Internet retailing company controlled by the billionaire John C. Malone, purchased 14 million shares of IAC/InterActiveCorp, the company controlled by Barry Diller, for $339.5 million.
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EMC Corp. of Hopkinton is selling a $218.5 million stake in its VMware Inc. software subsidiary to chip maker Intel Corp. The move comes as EMC prepares to raise up to $949 million by selling about 10 percent of VMware to the public.
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IAC/InterActiveCorp, the online company controlled by Barry Diller, said its performance was proof that it should proceed with a spinoff despite opposition from the controlling shareholder.
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LOS ANGELES/NEW YORK  - Take-Two Interactive Software Inc.  investors who own 46 percent of the company are banding together to take over its board and potentially oust the chief executive, sending shares of the "Grand Theft Auto" video game maker up as much as 19 percent on Wednesday.
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NEW YORK (CBS.MW) -- International Steel Group (ISG) said it will be acquired by Ispat International (IST) in a deal valued at $4.
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The business development company makes a rare share repurchase.
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Standard &amp; Poor&#39;s on Tuesday changed its outlook on IAC/InterActiveCorp.(IACI.O: Quote, Profile, Research) to stable from positive, citing IAC&#39;s plans to spin off its online travel service Expedia.
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The private equity firm said it had agreed to buy an Indian back-office company, Intelenet Global Services Ltd., for an undisclosed sum.
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Archipelago Holdings, US owner of ArcaEx, the world's largest electronic stock market, is leading the race to buy Instinet, an electronic brokerage owned by the British news and information giant Reuters.
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The software company's investments are showing some promise.
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Swedish-Dutch chemicals and paints group Akzo Nobel's announced Wednesday that it had completed the purchase of British peer ICI.
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Wall Street is getting a version of Hokey Pokey Elmo, a chief executive who takes his subsidiaries in, then spins them back out. Barry Diller, the chairman and chief executive of IAC/InterActiveCorp
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IAC/InterActiveCorp has announced plans to split into two publicly traded companies, keeping some operations under the IAC name and placing others under the Expedia brand.
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InterMune updates investors on its progress at the Wachovia Healthcare Conference.
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Picis Inc., a Wakefield software company that withdrew an initial public offering registration on July 3, is set to disclose today it's agreed to a $155 million investment from Goldman Sachs &amp; Co. that will fuel its acquisition of a related company in Washington state.
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(InfoWorld) - Oracle Corp. intends to acquire another 20 percent of the equity of Indian financial software company I-Flex Solutions Ltd. Oracle informed the Bombay Stock Exchange (BSE) in Mumbai on Wednesday of its intention. Oracle has offered to buy 16.63 million equity shares in I-Flex for Indian Rupees 1,475.00 (US$32) per share. The deal will total about $531 million if I-Flex shareholders accept the offer, which opens Nov. 6 and closes Nov. 25. Oracle of Redwood Shores, California, already holds a majority stake in I-Flex, based in Mumbai. The company announced last month that it would invest $125 million in I-Flex to increase its stake from 52.5 percent to 55.1 percent. The investment would help I-Flex fund its $122.6 million cash acquisition of Mantas Inc., a vendor of anti-money laundering and compliance software and services in Herndon, Virginia, I-Flex said. Oracle had said in August that it intended to increase its stake in I-Flex to meet Indian regulations regarding the acquisition of shares and takeovers. A number of multinational companies that have bought stakes in Indian companies, have then bought out joint venture partners or minority shareholders. In 2003, Hewlett-Packard Co. (HP) bought out the public share holding in Digital GlobalSoft Ltd., a software development and services subsidiary in Bangalore in which it had a majority holding. HP said at the time that it did not want a listed subsidiary in India because then it would be accountable to two sets of shareholders -- HPâs and Digital GlobalSoft's. IBM Corp. also bought out its joint venture partner, the Tata Group, to run its Indian operation as a wholly owned subsidiary. Oracle has, however, stated that it would like to retain the independence of the management and operations of I-Flex.
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American Oriental Bioengineering makes an acquisition.