Daily News: Reuters Technology News Headlines - Icahn refuses to drop proxy fight option: WSJ

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Saturday, Apr 06, 2013 09:09 AM PDT
Today's Reuters Technology News Headlines - Yahoo! News: Icahn refuses to drop proxy fight option: WSJ Exclusive: Former News Corp President Chernin bids $500 million for Hulu

Icahn refuses to drop proxy fight option: WSJ  Saturday, Apr 06, 2013 09:09 AM PDT (Reuters) - Billionaire investor Carl Icahn is refusing to drop the option of a proxy fight to force Dell Inc to pay a big dividend, in spite of the board committee's request that he drop his threats and launch a formal bid for the company, the Wall Street Journal reported. Icahn had asked the board's special committee to be reimbursed for the cost of his due diligence on Dell, a benefit the committee has already granted to rival bidders Silver Lake Partners and Blackstone Group LP. ... Full Story	Top
Exclusive: Former News Corp President Chernin bids $500 million for Hulu  Friday, Apr 05, 2013 04:22 PM PDT By Ronald Grover and Jennifer Saba LOS ANGELES/NEW YORK (Reuters) - Former News Corp president Peter Chernin has bid around $500 million for Hulu, the online video streaming service he helped create in 2007, according to two sources with knowledge of Hulu's sale process. The website, jointly controlled by News Corp and Walt Disney Co, reached out to potential buyers in March after initially contemplating a deal in which one would buy out the other. It is not clear whether that transaction is still being contemplated. ... Full Story	Top

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