Technology, Media & Telecommunications Headlines

Market Chatter-Corporate finance press digest

May 24 - The following corporate finance-related stories were reported by media on Friday:

Thu, May 23 2013

PRESS DIGEST - British Business - May 24

May 24 - The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy.

UPDATE 3-Salesforce.com's quarterly results disappoint Wall Street

May 23 - Salesforce.com Inc's quarterly earnings and outlook disappointed investors as costs rise following a spree of acquisitions, sending its shares lower.

UPDATE 3-Sears losses mount, weighs sale of unit to shore up liquidity

* Buyer most likely to be financial entity than rival -analyst

UPDATE 2-Hulu video site auction attracts four bidders -sources

LOS ANGELES, May 23 - Former News Corp president Peter Chernin and private equity fund Guggenheim Digital Media have placed bids for Hulu, two people with knowledge of the matter told Reuters, triggering a tug-of-war for the online video service.

Dish adds Scotiabank to finance Sprint deal -sources

May 23 - Dish Network Corp has added Canada's Scotiabank to the four banks it had already lined up to finance its $25.5 billion bid for Sprint Nextel Corp, according to two people familiar with the matter.

Chernin, Guggenheim Digital put in bids for Hulu -sources

LOS ANGELES, May 23 - Former News Corp president Peter Chernin and private equity fund Guggenheim Digital Media have placed bids for Hulu, two people with knowledge of the matter told Reuters, triggering a tug-of-war for the online video service.

UPDATE 1-RLPC: Icahn seeks up to $7 bln for Dell bid

NEW YORK, May 23 - Activist investor Carl Icahn and Southeastern Asset Management Inc have initiated talks with banks and asset managers to line up commitments for as much as $7 billion in bridge loans to back their leveraged recapitalization proposal for Dell Inc, banking sources told Thomson Reuters LPC on Thursday.

UPDATE 1-Dutch aluminum products maker Constellium shares fall in debut

May 23 - Constellium NV, a Dutch aluminum products maker part-owned by miner Rio Tinto , fell as much as 12 percent below its initial public offer price in a market debut that failed to capture investor appetite.

UPDATE 2-Dover to spin off communication businesses

May 23 - U.S. industrial conglomerate Dover Corp said it plans to spin off most of its communication technologies businesses into a publicly traded company to focus on its industrial businesses, sending its shares up as much as 5 percent.

Photo

McCain, Biden coming together for Sedona, Arizona forum

These days Washington is not known for bipartisanship, but every now and then a breakthrough is made. It is noteworthy that Vice President Joe Biden, a Democrat, and Senator John McCain, a Republican, are appearing together at a forum in Sedona, Arizona on Friday.