by Jessica Guynn
Walt Disney Co. is in discussions to buy game developer Playdom Inc. for as much as $750 million, according to three people familiar with the matter. The Hollywood entertainment giant wants to get into social and mobile games to market its shows and characters. Playdom has scheduled a board meeting next week to decide whether to accept the buyout offer, the people said. The two sides have been negotiating for more than two months. http://latimesblogs.latimes.com/technology/
by Globes’ correspondent
George Soros has reached a 5.14% stake in Comverse Technology Inc. according to a statement that his Soros Fund Management filed with the US Securities and Exchange Commission (SEC). The Soros Fund Management owns 10,381,566 shares in the company. The stake is worth $78.3 million at Comverse’s closing price of $7.55 per share yesterday. Yesterday, Comverse filed a request with the SEC to sell 10% of the 28 million shares it holds in Verint Systems Inc.. Even after a sale, Comverse will remain Verint’s controlling shareholder, with a stake of around 60%. http://www.globes.co.il/serveen/globes/docview.asp?did=1000576015&fid=1725
Sources inform “Globes that local fashion retailer Fox-Wizel Ltd. has been awarded the Israel franchise by US fashion company American Eagle Outfitters. The agreement has already been signed. Fox has for some time sought to bring a leading international retail brand name to Israel. http://www.globes.co.il/serveen/globes/docview.asp?did=1000571009&fid=1725
LOS ANGELES – (BUSINESS WIRE) – The premiere business conference for Israel-facing companies will bring top-tier executives together on Thursday, June 3, 2010 in Los Angeles. Featured speakers include Oracle’s president, SanDisk’s chairman, Google Israel’s head of R&D, Microsoft Israel’s head of R&D, and Marvell’s co-founder, among other chief executives who will be speaking throughout the day. The Israel Conference brings companies that do significant business in Israel together to increase business and investment opportunities between Israel and the United States. Registration is going strong at www.TheIsraelConference.org. Attendees can see the courting of companies in action,” said Sharona Justman, managing director of STEP Strategy Advisors, an acquisitions advisory and strategic planning firm with offices in Israel and California, and co-chair of The Israel Conference . http://newsblaze.com/story/2010051106432900002.bw/topstory.html and http://www.businesswire.com/portal/site/home/permalink/?ndmViewId=news_view&newsId=20100511005770&newsLang=en
You are currently browsing the archives for the Consumer Products category.