POSTED: 11:30 p.m. MT November 1, 2007
Google offers more than most could resist.
PALO ALTO, Ca., In a field all ready hosting big names like Yahoo! and Microsoft, Google Inc. (GOOG) proposed a hostile take over today of media conglomerate Time Warner Inc. (TWX), a combination that some say could be ideal.
CEO and Chair of Google Inc., Dr. Eric Schmidt said, "Google has a history of striking when it is hot. We move when there is a good opportunity," when asked about the abrupt business venture. "Time Warner is one of the largest content producers in the world. We are one of the largest content distributors in the world. Our vision is to merge content production with content distribution," said Schmidt.
The purchase price is a reported $60-billion ticket involving debt, cash and stocks. Industry analyst Paul Kim said, "I do not know why Time Warner would turn this down." A combination of these two media conglomerates is predicted to install a drop in the cost of media. Time Warner CEO, Richard D. Parsons, said that Time Warner will conduct an analysis and have a decision within a month.
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great additions! Even though you did an awesome job the first time...i really didn't notice anything wrong. The first sentence i found it a little difficult to flow as i read it aloud, so maybe just remember that reading it aloud really helps to find where words or commas need to be added or fixed. (i think with all ready you mean...already?) maybe not, but i think thats what you meant. hehe good job overall though. You even did better than i did in the first one! Great details!
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