Not exact matches
Vice had not provided updates on its offline intentions until today, but rumours of a
takeover attempt
by conventional broadcasting companies Time Warner and Fox served to keep the news channel -
speculation alive, because being absorbed into a traditional media conglomerate would give Vice easy access to their cable networks and partners.
The good news helped push Twitter's stock (TWTR) up
by more than 11 % on Wednesday following the report, the largest increase since the company was the subject of
takeover speculation in October.
The company most recently sold its Argentina wine business to Grupo Penaflor for an undisclosed amount, and earlier this year,
speculation of a potential
takeover by billionaire Jorge Paulo Lemann gave Diageo a nice share boost.
Speculation the
takeover would not be completed has been fired up
by a series of setbacks, including early concerns about capital gains tax owed to the government of Sierra Leone
by Sierra Rutile shareholders, an extended review
by German anti-trust regulators, and then last week the revelation of «geotechnical risks» at the target's tailings dams.