In case you missed any of these catchy tunes last week, it's not too late to boogie down. Grab your headphones, CD player, iPod, speakers, guitar, cowbell, whatever you need -- it's time for the M&A Mix Tape.
"Welcome to the Black Parade" by My Chemical Romance, XM, and Sirius
I figured it'd be the big elephant in the room if I didn't lead off this review of last week's deals with the proposed merger of XM Satellite Radio
Did I mention that there's a lot of speculation that the deal won't happen? The FTC still has to give its stamp of approval, and anticompetitive concerns could provide it with reason enough to kill the deal. You only have to talk to DirectTV or EchoStar to see how that feels.
"Keep Holding On" by Avril Lavigne, Warner Music, and EMI
Warner Music Group
This time around, though, Warner has convinced the Independent Music Publishers and Labels Association (IMPALA) to get behind the idea. In order to win this approval, Warner said that it would support IMPALA on its Merlin digital rights program, divest certain music assets, and make "other behavior commitments which have the aim of benefiting the recorded music market as a whole." And who says love can't make you change? I think it's sweet.
But no love story is complete without plenty of adversity. Along with the regulatory hurdles that already stymied the two once before, the New York Post reported last week that Apollo Management and Permira may be sniffing around EMI again, too. There have been no formal offers from Warner or the PE groups yet, but 2007 is still young, and Warner may be eager to work on something that'll keep them from thinking about its recent earnings release.
"Mercedes Benz" by Janis Joplin and DaimlerChrysler
"Oh Lord, won't you buy me a ..." Oh, wait, that's not what's up for sale. Did anyone ever sing a song about wanting a car from Chrysler really badly? The automaker's Town & Country just doesn't quite have the same appeal, I guess.
In any case, JPMorgan is preparing to send around a book to potential bidders for DaimlerChrysler's
Renault and Nissan, both run by Carlos Ghosn, have already expressed that they don't have any interest in the deal, but GM
In the meantime, in hopes of the sale, I can almost hear the collective German sigh of und tschuess (good riddance!).
In other M&A news, aggregate supplier Vulcan Materials
On Thursday, Getty Images
And finally, Whole Foods
Whole Foods is a Stock Advisor recommendation. JPMorgan Chase is a Motley Fool Income Investor pick. XM is a former Rule Breakers recommendation.
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Fool contributor Matt Koppenheffer is currently ranked 3,823 out of 23,300 Fools participating in The Motley Fool's CAPS service, and he encourages everyone to get heard. He owns shares of Goldman Sachs, but does not own shares of any of the other companies mentioned. The Fool's disclosure policy always rocks steady.