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Tag Archives: merger

PLDT-Digitel deal hikes PSE index by 3%

Finally it happened. The Philippine Stock Exchange index (PSEi) received a much-needed boost yesterday, thanks to the news of PLDT acquiring a majority stake in Digitel. Since the start of the year, the PSEi has been averaging a downside of 10%. Yesterday, the index jumped

Yahoo rejects Microsoft bid; Google to buy CNET?

Too cheap. That’s basically Yahoo!‘s response to Microsoft‘s unsolicited offer of $44.6 billion. Media reports are abound that Yahoo! is set to reject the world’s largest software maker’s acquisition bid. According to an insider, the board decided that Microsoft’s $31-a-share offer “massively undervalues” Yahoo!. The