San Diego
- Video-sharing site Veoh is looking to raise $40 million in new financing and
has hired Bear Stearns to facilitate the process, Silicon Alley Insider
reported.
Authored by Scott Goldberg on September 4, 2007 - 4:50am.
Bear Stearns & Co. called Yahoo a “Top Pick” with speculation that takeover discussions between the most-visited US website and Microsoft are heating up. As of mid-day on Wall Street, Yahoo shares were up 5% on the news, based on analyst Robert Peck’s view that Microsoft would buy Yahoo for $40 a share, 76% above the company’s August 31 closing.
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