Rupert Murdoch's News Corp., which appeared close to a deal to buy Newsday, doesn't plan to raise its bid for the Long Island newspaper despite a higher offer from Cablevision, a person familiar with the matter said. Cablevision's offer of $650 million bested Murdoch's $580 million price, as well as an offer of equal value from New York Daily News owner Mortimer Zuckerman.
CAREY MAKES SALE
DirecTV president and CEO Chase Carey exercised options for and sold 25,000 shares of common stock under a prearranged trading plan, according to a filing with the U.S. Securities and Exchange Commission. Carey said he exercised options for/sold the shares for $15.69 apiece and then sold them the same day for $24.26-$24.88.
COMCAST SELLS DEBT
Comcast on Friday sold $2 billion in two-part debt, market sources said. The size of the deal was increased from the originally planned $1.5 billion. Citigroup Global Markets, Deutsche Bank Securities, Merrill Lynch and UBS Investment Bank handled the sale.