Google Inc. (Goog) Practice News Story 7: Business
Posted: 3:45p.m. PST, March 7, 2007
PALO ALTO – (CA) Google Inc. (GOOG) surprising hostile takeover bid of Time Warner Inc. (TMX) has President and CEO Richard D. Parsons wide eyed. CEO Eric Schmidt of Google, spoke on behave of the $50 billion dollar bid. His comments were positive and light hearted, he said “this merger is long over due” with our joint resources we could better serve the people.
The money would be broken down, $35 billion in stock options, $10billion in cash, and $5billion for debt. Parsons was surprised at the offer and made sure Time Warner would go over their numbers and give their response in a timely fashion. As for now the offer still remains.
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2 comments:
You owned that Practice news story. It was short but you know thats the way i like em'.
I liked your news story, short and to the point. There might have been a few details missing, but it was still a good story.
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