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Tuesday, July 19, 2005

Don't short junk - implications of News Corp's purchase of Intermix

David Jackson writes in The Internet Stock Blog about Intermix Media (MIX) acquisition by News Corp (NWS).
News Corp (ticker: NWS) announced that it is acquiring Intermix Media (ticker: MIX) for $580 million. At the same time, Intermix announced that it will acquire the 47% of social networking site MySpace it doesn't already own for $69 million.

All this has clear implications for shorting Internet stocks: you can't short stocks due to questionable business practices if the company might be acquired at a premium for its clean properties. And with the number of potential acquirers growing, the premiums are increasing.
Read further:
The Internet Stock Blog: Don't short junk - implications of News Corp's purchase of Intermix (NWS, MIX)

1 Comments:

Anonymous PENNY STOCKS said...

I am not a fan of shorting stocks.

12/03/2012 03:32:00 PM  

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