Google Acquires Channel Intelligence and 3 Morning Hot Stocks Making Waves
UBS (NYSE:UBS): Current Price $17.20
UBS’s (NYSE:UBS) annual financial report released Tuesday reveals it owes Brazil about $1.2 billion in back taxes relating to a period when it owned an investment bank in that country. The amount has been demanded by BTG Pactual Group in the form of “contractual indemnification claims” and includes interest and penalties. UBS sold its Banco Pactual SA investment bank in 2009 to a group led by Brazilian financier Andre Esteves for $2.5 billion. The back taxes have emerged from tax assessments of Banco Pactual SA for the period from December 2006 to March 2009 when it was under ownership of UBS.
Google (NASDAQ:GOOG): Current Price $769.79
Google (NASDAQ:GOOG) acquires Channel Intelligence Inc, which provides services to marketers by tracking e-commerce transactions, and is owned by ICG (NASDAQ:ICGE), for $125 million in cash. The transaction is expected to be completed within the first quarter of 2013.
Liberty Global Inc (NASDAQ:LBTYA): Current Price $63.91
Liberty Global Inc (NASDAQ:LBTYA) agrees to acquire Virgin Media (NASDAQ:VMED) in a cash and stock deal worth $16 billion. With this acquisition Liberty Global sets up a twofold challenge – one that pits it against Comcast Corp as the world leader in cable, and the other, against Rupert Murdoch-controlled BSkyB, the number-one pay-TV provider in UK. The deal means shareholders of Virgin Media get $47.87 a share, a 24% premium to the company’s closing price on February 4, when news emerged of a likely deal. Existing shareholders of the company will now hold 36% in the merged entity and 26% of its voting rights.
General Motors (NYSE:GM): Current Price $28.31
The Chinese government’s emphasis on consolidating the auto industry in the country and thereby reducing the number of players along with excess capacity could hand General Motors (NYSE:GM) and its local JV partner SAIC Motor Corp. the opportunity to acquire ailing Chinese automakers. Taking over existing car makers could be one way GM could achieve its target to increase sales in China by 75% to 5 million by 2015. Considering GM has a solid balance sheet with more than $23 billion in cash, and China has excess capacity that could make 10 million more vehicles, this could be a win-win for everybody.
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