Yahoo Inc has submitted a formal proposal to buy Hulu, joining a growing list of bidders for the video service owned by News Corp and Walt Disney Co , two sources with knowledge of the bid told Reuters on Friday. Full Article
Dell says proposed offer shifts risks of business to buyer group
SAN FRANCISCO |
SAN FRANCISCO (Reuters) - Dell Inc (DELL.O) on Friday, responding to independent investment fund Southeastern Asset Management, said the proposed buyout deal offers immediate premium for stockholders and shifts the risks facing the business to the buyer group.
"The Board concluded that the proposed all-cash transaction is in the best interests of stockholders," Dell said in a statement.
(Reporting By Poornima Gupta)
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