Google offers $60 billion to purchase Time Warner
Oct. 31, 2007
PALO ALTO, Calif. - Today Google Inc. offered a hostile takeover bid of $60 billion dollars to Time Warner Inc. (TWX). This purchase price is for all debt, cash and stocks.
After Microsoft and Yahoo! both had made offers to Time Warner, Google enters the arena with an offer "higher than it ought to be," says Paul Kim, Industry Analyst.
Google's CEO and Chair, Dr. Eric Schmidt says, "Google has a history of striking while the iron’s hot. We don’t wait around. We saw the need to add content production into our company. They are one of the largest content producers in the world. We are one of the largest content distributors in the world. It makes sense to add content production with content distribution. "
Schmidt says their plan is to keep Time Warner "largely in tact".
Richard D. Parsons, CEO of Time Warner, says, "We were surprised because there hasn’t been any discussions of this previously. We haven’t even looked at our options. It’ll take about a month for us to discuss this and do a thorough analysis."
Both CEOs of Yahoo! and Microsoft have no comment.
"The future of Time Warner, I think, is excellent," Kim says. "I don’t know why Time Warner would turn this down."
Wednesday, October 31, 2007
Monday, October 29, 2007
Practice News Story 7: Speech
Nov. 19, 1863
GETTYSBURG, Pa. - President Abraham Lincoln spoke on the war-torn grounds at Gettysburg, yesterday afternoon.
His intent was to stir citizens to 'get out there and make it so that those who died didn't die in vain', Lincoln says after the meeting.
His speech went on to say, "Now we are engaged in a great civil war, testing whether that nation, or any nation, so conceived and so dedicated, can long endure. We are met on a great battle-field of that war. We have come to dedicate a portion of that field, as a final resting place for those who here gave their lives that that nation might live. It is altogether fitting and proper that we should do this."
"I felt really good about giving it," says Lincoln, in regards to his speech. "I feel it was inspired, and I wanted to do something for the soldiers in the war. This war isn't over yet. United we stand. Separated we fall. We must pull together."
GETTYSBURG, Pa. - President Abraham Lincoln spoke on the war-torn grounds at Gettysburg, yesterday afternoon.
His intent was to stir citizens to 'get out there and make it so that those who died didn't die in vain', Lincoln says after the meeting.
His speech went on to say, "Now we are engaged in a great civil war, testing whether that nation, or any nation, so conceived and so dedicated, can long endure. We are met on a great battle-field of that war. We have come to dedicate a portion of that field, as a final resting place for those who here gave their lives that that nation might live. It is altogether fitting and proper that we should do this."
"I felt really good about giving it," says Lincoln, in regards to his speech. "I feel it was inspired, and I wanted to do something for the soldiers in the war. This war isn't over yet. United we stand. Separated we fall. We must pull together."
Sunday, October 7, 2007
Practice News Story 4: Court
LOGAN, UT - Two persons were arrested today in correlation to the break-in at the meetinghouse of The Church of Jesus Christ of Latter-day Saints.
James Michaels, 35, and a minor were charged with two misdemeanor accounts, breaking and entering and one charge of felon burglary. The preliminary trial proved positive for their persecution today at the Cache County 1st Superior Court.
Sheriff Deputy Geoffrey Hasty said, "Seems like a pretty simple cut and dry case to me. We certainly have the right people in this case." Hasty was of the first respondents on the scene of the crime early this morning. Hasty found finger print evidence which linked them to Michaels and his minor accomplice. "They did not resist arrest, and came peacefully," said Hasty.
Defense Attorney Robbie Cochran is disputing finger print evidence and believes there is not enough evidence to proceed with the trial.
The defendents are both being tried as adults and face up to a minimum of six months in jail and up to five-thousand dollars in fines if found guilty.
James Michaels, 35, and a minor were charged with two misdemeanor accounts, breaking and entering and one charge of felon burglary. The preliminary trial proved positive for their persecution today at the Cache County 1st Superior Court.
Sheriff Deputy Geoffrey Hasty said, "Seems like a pretty simple cut and dry case to me. We certainly have the right people in this case." Hasty was of the first respondents on the scene of the crime early this morning. Hasty found finger print evidence which linked them to Michaels and his minor accomplice. "They did not resist arrest, and came peacefully," said Hasty.
Defense Attorney Robbie Cochran is disputing finger print evidence and believes there is not enough evidence to proceed with the trial.
The defendents are both being tried as adults and face up to a minimum of six months in jail and up to five-thousand dollars in fines if found guilty.
Subscribe to:
Posts (Atom)
