Millennial Media (MM) Stock Rallying Amid Takeover Talks
NEW YORK (TheStreet) -- Shares of Millennial Media Inc were rallying, sharply up 27.4% to $1.86 on heavy volume in midday trading Thursday, following reports that the company is in takeover discussions with Verizon Communications Inc's AOL. The mobile advertising company may be acquired for about $300 million, according to TechCrunch. Millennial Media reaches more than 670 million unique users ... Read News
SouFun Holdings (SFUN) Stock Soars As Chinese Markets Rally
NEW YORK (TheStreet) -- SouFun Holdings shares are soaring 11.53% to $7.74 on Thursday as Chinese shares made their biggest daily gain in six years, The Wall Street Journal reports. SouFun Holdings operates a real estate Internet portal, and home furnishing and improvement websites in the People's Republic of China. The Shanghai Composite gained 5.8%, the Shenzhen market increased 3.8%, and ... Read News
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Yahoo! (YHOO) Stock Jumping After Launching Sports Daily Fantasy
NEW YORK (TheStreet) -- Yahoo! shares are jumping 2.16% to $38.03 on Thursday after unveiling Yahoo Sports Daily Fantasy, contests where users can bet daily and weekly with real money. Instead of lasting a season, each contest will last for a day. Players can pick a roster, and the team of drafted players that perform better on that given day determines who the winner is. It will begin with ... Read News
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