Search Engine Blinkx Up; Rumors GOOG, NWS Mull Buy
Shares of the U.K.-listed video search engine Blinkx (BLNX.L) are up sharply in London trading on rumors that the company might be acquired by Google (GOOG) or News Corp. (NWS), Reuters reports.
In London Stock Exchange trading, Blinkx shares have gained 12%; the stock earlier was up as much as 50%, Reuters notes.
Better of loading up on LOCM for a speculative buyout play. They just reported last night and shorts are taking it down now, great buying opportunity.
Blinkx have issued a statement saying it does not know of any takeover bid relating to its share price.
I can see it now, fully complementary to Rupe’s other brands:
We Report results.
seems a no-brainer; no?
www.We-Report.com
What are the others waiting
for if they want to have an
advantage in this segment of
the internet i agree this is
a no brainer they simply must
buy Blinkx or die.
Tech Trader Daily is a blog on technology investing written from Palo Alto, California by long-time Barron's West Coast Editor Eric J. Savitz. The blog provides news, analysis and original reporting on events important to investors in software, hardware, the Internet, telecommunications and related fields.
