Canadian newspaper stocks including Postmedia Network Canada Corp. are the worst-performing in North America, with no sign of the buyout bids from billionaires such as Jeff Bezos that have stoked their U.S. peers.
Postmedia Network Canada Corp. won’t carry out a planned stock listing until some time in the first half of next year, the Globe & Mail reported, citing an interview with Chief Executive Officer Paul Godfrey.
Canadian media executive Paul Godfrey and a group of bondholders agreed to buy Canwest Global Communications Corp. ’s newspaper chain for C$1.1 billion ($1.1 billion), beating an offer from rival Torstar Corp.
U.S. hedge funds Pine River Capital Management LP, Millennium Management LLC and SAC Capital Advisors LLC are taking advantage of the struggle of European startup funds to grab their pick of the region’s traders.
TiVo Inc. , a pioneer of digital-video recording, lost a ruling before the U.S. Patent and Trademark Office over rights to technology that is the subject of a legal dispute with Dish Network Corp. and EchoStar Corp.