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Posted by Senan
Seems its the season for huge corporate actions. EBay has agreed to sell Skype to investors for cool $1.9 billion. And Disney is going to snap up Marvel Entertainment for an even cooler $4 billion. Of course we all know the high-profile characters such as Spiderman, but apparently there are thousands of other less well known that Disney see as having franchise potential. So expect a continued stream of heavily made up mutants hitting the screens over the coming years.
The stock market was down again today. Don't forget that fund managers have a short investment horizon (typically months), as opposed to private 'buy-and-hold' investors. So such a sell off was certainly predictable as these guys bank some profits. Also we're into September now. Analysts are probably back at their desks. Big investment decisions for the next 6 months must be made, and heads are most likely on the chopping block. The summer will have been full of speculation, political indecision, and company posturing. The schools have returned and we're now once again at the coal-face. Keep an eye on the market.
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