Wednesday, December 3, 2008

Tech Update: Yahoo's Stock Jumps on Report of Buyout Interest

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Investors bid up shares after reports that Jonathan Miller, AOL’s former chief executive, is attempting a private buyout of Yahoo.

The plan, the brainchild of the former Silicon Valley software executive Shai Agassi, is an attempt to overcome the major hurdles to electric cars.

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Rogers Communication must deal with its founder’s death, while Bell Canada faces a failed buyout.

The BlackBerry maker cut its third-quarter profit and revenue outlook well below expectations, pointing to slower subscriber growth.

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