Extra Practice News Story 8: Business

SAN JOSE CALIFORNIA

Google Time Warner?

Google Inc has made a hostile takeover bid for 50 million dollars to try and take over Time Warner Inc. A hostile takeover is when Google goes straight to the stockholders of Time Warner to make the offer to buy them out. Google decided not to do a regular takeover bid because of the fear that the Board of Directors of Time Warner might say no. The offer has not yet been accepted.

Dr. Eric Schmidt, the CEO of Google had this to say about the offer, "Google strikes while the iron is hot, and the iron is hot right now in the media industry. This is the correct move at the correct time for Google."

This offer also affects other companies such as Yahoo and Microsoft. Microsoft was also looking to buyout Time Warner but had not yet made an offer. On the other hand Yahoo, who's value is rapidly decreasing, was eagerly waiting and hoping for Time Warner to buy them out. This offer buy Google could change both of those options.

Of the 50 million dollars that Google is offering, 35 million of it is in cash, 10 million is in stock options, and another 5 million will be used for any assumed debt. This decision will come soon from the shareholders of Time Warner.

Practice News Story 8: Business

SAN JOSE CALIFORNIA-

Google Time Warner?

Google Inc has proposed a hostile takeover bid to purchase Time Warner Inc for 50 billion dollars. A hostile takeover bid, meaning that Google will go straight to the shareholders of Time Warner in attempt to buyout that company. Google has decided to give the shareholders 35 billion in cash, 10 billion in stock options, and also 5 billion in assumed debt. Google is going straight to the shareholders because of the fear that the board of directors will not agree to sell Time Warner. The CEO of Google, Dr. Eric Schmidt had this to say about the chance to buyout a media company like Time Warner, “Google strikes while the iron is hot, and the iron is hot right now in the media industry. This is the correct move at the correct time for Google.” Nothing is finalized yet as the shareholders for Time Warner will soon be receiving an offer in the mail from Google.

Practice News Story 7: Speech

November 19th, 1863
GETTYSBURG, PA

Lincoln Speaks to a Big Crowd


Four months ago the North and the South fought one of the biggest, bloodiest battles of the Civil War, killing 7500 American soldiers. On a hot and muggy day in Gettysburg, Pennsylvania, President Abraham Lincoln gave the speech that is being tagged the Gettysburg Address. In front of 1500 people in attendance President Lincoln said, “We are met here on a great battlefield of that war. We have come to dedicate a portion of it as a final resting place for those who gave their lives that that nation might live” Lincoln was very brief in his speech. The Civil War is still being fought today, and the North seems to have a firm hold on the South. But on this day in Gettysburg, Pennsylvania, the crowd was a somber and sad as all of these men have died fighting for their country. The battlefield will be a cemetery for those who died in this battle, and also it will be a landmark for the Civil War and what it meant. The North one this battle by a narrow margin, but everybody who fought and died for their country will be remembered here in Gettysburg.