Shares of media company CNET Networks Inc., currently battling dissident shareholders who want to expand its board, soared more than 7 percent on Friday, on speculation that Google Inc might be interested in acquiring a stake in it, according to a Reuters story.
The story stated, “‘There is a rumor circulating that Google might have an interest in CNET. Therefore, the options volume has picked up dramatically on that rumor,’ said William Lefkowitz, options strategist at brokerage firm vFinance Investments in New York.
“Google officials declined to comment and a CNET spokeswoman was not immediately available.
“Steve Weinstein, an analyst at Pacific Crest Securities, said Google’s interest in CNET is ‘highly unlikely.'”
Read more here.
The Yale Program on Stakeholder Innovation and Management announced the appointment of Alan Murray, departing chief…
The Advocate is looking for a savvy reporter to cover the Baton Rouge business scene…
MLex, a LexisNexis company, is an independent news organization for breaking news and forward-looking analysis…
The Austin Business Journal seeks a staff writer to cover economic development in one of…
A Russian court on Saturday placed Sergei Mingazov, a journalist for the Russian edition of…
Justin Nielsen of Investor's Business Daily writes about the newspaper's 40th anniversary. Nielsen writes, "When the…