Comcast Corp. (NASDAQ:CMCSA): Bidders for Hulu may have hit some headwinds, as the language in the programming contracts with major networks prevents Hulu from airing new episodes for up to month. As a result, the true value of Hulu is now up in the air, and potential acquirers may have thought the required window was much shorter. DirecTV (NASDAQ:DTV) is expected to offer close to $1 billion for the streaming service in a move that may shut out its other suitors.
Molycorp, Inc. (NYSE:MCP): Molycorp shares are up over 8 percent on Friday, as Goldman’s Brian Lee expects shares “will trade higher in the near-term given the removal of [the SEC] overhang.” The SEC announced on Thursday that it has completed its investigation into the accuracy of the company’s public disclosures, and made no recommendation for enforcement action.
PetroChina Company Limited (NYSE:PTR): China National Petroleum is on the verge of buying a $5 billion block in Kazakhstan’s largest oilfield, according to Bloomerg. It will be the largest purchase in CNPC’s history.
Dana Holding Corporation (NYSE:DAN): Dana’s board has approved an expansion of its buyback program, from $100 million to up to $1 billion over two years. According to management, the move “reflects confidence in the long-term prospects of [the] business and [a] commitment to delivering value to all shareholders.”
JetBlue Airways (NASDAQ:JBLU): News of a buyout has sent shares of Jetblue racing, as a Brazilian newspaper reports that David Neeleman wants to create a fund to purchase TAP and JetBlue together. Apparently, there are signals that Brazil’s government could potentially be investing in the fund.