Google Inc. (GOOG) has made a $50 billion bid for Time Warner Inc. (TWX). Industry analysts seem highly optimistic about this move by Google, saying that it will open up incredible opportunity within the industry. Apparently stockholders agree considering that stocks in both companies have gone up since this offer was made. Time Warner CEO Richard D. Parsons said that this offer came as a shock considering that they were in discussions with several companies about their AOL division, not the whole company. Parsons further said that there will be extensive investigation into this offer and said that; “Our first priority is our employees.”
Dr. Eric Schmidt CEO of Google said that they believe they overestimated the value of Time Warner in order to sweeten the deal and is highly optimistic about the direction that not just this merger would go, but the whole industry.
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1 comment:
One of your best so far.
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