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New York, Feb 1: said Rishad Tobaccowala, CEO of Denuo, a consulting arm of Publicis.
He added, “Besides the big content companies that don’t have enough technology and who will have to go and buy technology, the companies people see as dumb pipes ... the cable and the telcos, will want to play too.” News Corp and Comcast declined comment.
Overnight, Microsoft’s bid, which values Yahoo at more than 60 times its forecast earnings for next year, boosted AOL’s value on Wall Street, one analyst said, making separation from owner Time Warner more financially palatable.
Applying Microsoft’s valuation of Yahoo to AOL’s advertising business, Bernstein Research analyst Michael Nathanson estimated the Yahoo-Microsoft news contributed $1 per share to Time Warner’s $23 per share value in his sum-of-the-parts estimate.
—Reuters...
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