3 Merger and Acquisitions Stock Stories For a Monday Appraisal

Google (NASDAQ:GOOG): Current price $799.81

A source says that Google is close to purchasing the Seattle-based news reading startup Wavii. Both Wavii and Google would not comment to Business Insider on the matter, but the publication has been told the likely transaction price is under $30 million. The startup was founded in March 2009, and stayed in stealth mode for several years, raising $2 million in seed funding from an impressive list of investors that includes Felicis Investments, SV Angel, CrunchFund, Mitch Kapor, Max Levchin, and others, said CrunchBase.

Are these stocks a buy or sell? Let us help you decide. Check out our Stock Picker Newsletter now.

GOOG

Dell (NASDAQ:DELL): Current Price $13.24

According to sources cited by DJ, the activist investor Carl Icahn is holding back on a potential hostile offer for Dell. That update follows a report that Blackstone (NYSE:BX) has withdrawn its bid after first quarter PC shipments dropped by 14 percent, which led to early calls by several analysts who forecast that Michael Dell and Silver Lake’s $13.65-per-share offer will take the prize. Earlier, Peter Misek at Jefferies said that Dell would not likely see a higher bid following Blackstone’s withdrawal.

Are these stocks a buy or sell? Let us help you decide. Check out our Stock Picker Newsletter now.

DELL

Telecom Italia (NYSE:IT): Closing price $56.61

On Monday, two knowledgeable sources said that the phone company, which is exploring a separation of its fixed-line assets, might consider a sale of an initial 30 percent interest in a new company to the state lender Cassa Depositi e Prestiti. The sources also related that the carrier might let Rome-based CDP increase its holdings over time. Telecom Italia might transfer up to 10 billion euros  in debt to the new firm, which will use own its fixed-line network, and CDP may invest roughly 2 billion euros initially. Another source said that Telecom Italia might also explore an initial public offering of the division in the future.

Are these stocks a buy or sell? Let us help you decide. Check out our Stock Picker Newsletter now.

IT

Don’t Miss: Is This Fine Large Enough To Stop Google’s Data Violations?

More Articles About:   , , ,  

More from The Cheat Sheet