BNET Daily Dispatch: Yahoo, Doral, Comcast, and KFC
- Yahoo bought Right Media, an online advertising exchange, for about $680 million, in a move to bolster Yahoo's reach in advertising to social network sites. Yahoo hopes the acquisition will help it fend off Google after it bought premium ad network DoubleClick for $3.1 billion earlier this month.
- Doral Financial said today that it's talking with a private equity fund about investing in the Puerto Rican lender. But the transaction would substantially dilute existing shareholders. The potential deal is the latest bad news for Doral investors, which have suffered for the past two years after charges that Doral's senior management engaged in fraud.
- Comcast said today that it would buy Cablevision Systems' interests in two regional sports networks for $570 million. The deal gives Comcast 100 percent ownership of FSN New England and 60 percent ownership of FSN Bay Area. Comcast wants to build new sports networks in markets where it already has cable systems in order to leverage resources in those markets.
- KFC and sister brand Taco Bell said today that they've stopped frying food in oil containing trans fat. The two fast food chains, owned by Yum Brands, made the announcement during a national push to rid diets of trans fat, which doctors say can raise bad cholesterol and lower healthy cholesterol.