Login to your account

Lost your password?

In the news: Softbank wants Dreamworks, Tibco sells out and more

Monday headlines include: Softbank bidding for Dreamworks, Barron's reporting on improving fortunes for Bank of America, EU regulators planning to explain its investigation into Apple's taxes, Tibco going private and IBM closing the sale of its server business to Lenovo.

Dreamworks Animation

Japanese firm Softbank is reportedly in talks to buy Dreamworks Animation (DWA). Unsubstantiated media reports say the deal would value the company at about $3.4 billion, or $32 per share, which would be a considerable premium to Friday's $22.36 closing price.

Bank of America

Financial giant Bank of America (BAC) may be seeing the light at the end of the tunnel according to an article published in Barron's this weekend. While regulatory and legal issues stemming from the financial crisis will hit the company's bottom line again in the third quarter, 2015 should mark a return to normalcy for the bank with cleaner income statements and a “decent” dividend, according to the magazine.

Apple

The European Commission is expected to publish on Tuesday the reasons it opened an investigation into Ireland's tax treatment of Apple (AAPL). The EU competition regulator is trying to determine if the tax regimes for multinational companies in several countries represent unfair state aid.

Tibco Software

Private equity firm Vista Equity Partners has agreed to buy Tibco Software (TIBX) for $4.5 billion. The company's stock has fallen about 23 percent over the last year, while the company's profits have fallen to $1.5 million for the most-recent quarter, compared to $8.8 million in the same period a year ago.

International Business Machines

Tech giant IBM (IBM) will likely close the sale of its x86 server business to Lenovo Group later this week. The $2.1 billion deal will put Lenovo closer to its goal of being the world's largest server maker, while freeing IBM to turn its focus toward cloud services and other, newer, higher margin businesses.

Bobby Raines

Bobby Raines is the Managing Editor of the Market Intelligence Center. He has degrees in Mass Communications and History from Emory & Henry College. Bobby worked at a mid-sized daily newspaper before making a switch to covering the financial industry full time in the years leading up to the financial crisis. He has been a member of the Fresh Brewed Media team since 2011 and has served as a writer and analyst. You can write to him at braines@marketintelligencecenter.com or follow him on Twitter: @BRatMICenter.