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Video game maker Electronic Arts has launched a hostile $2 billion tender offer for rival Take-Two Interactive Software, reports The Associated Press. Also, Time Warner-owned AOL is acquiring popular UK networking site Bebo for $850 million in cash, reports The Financial Times. Meanwhile, Pacific Gas & Electric reopened a December offering of 10-year notes to sell $2 hundred million more of the paper and at the same time has issued $4 hundred million in new 30-year notes to repay commercial paper ahead of its $3.6 billion capital expenditure program this year. Finally, troubled bond insurer Ambac Financial Group has put rumors of plans to split the company in two to bed by announcing a $1.5 billion capital raising plan, Reactions magazine reported. Added: 20-07-2008 |
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