A word here, a number there . . . nothing remotely solid has been established, but rumors that Google and/or News Corp bid on video search engine Blinkx were enough to send the company's stock up 53 percent today.
Shares of Blinkx, which trades on the London Stock Exchange, went as high as 38.25 pence after opening at 25.00 pence. The ghost bid could have, according to Peter Garnham and Neil Hume, been as high as 60 pence.
This doesn't seem too unreasonable. Blinkx is a very active company, issuing at least two or three press releases per week about new partnerships. Also, although the quality of these partners often leaves something to be desired, The Poker Channel, Hearst Digital, and the Guardian have been among the names most recently mentioned.
Don't count on an acquisition taking place, though; The Financial Mites reports that Blinkx has issued about as firm a corporate-speak denial as you're likely to hear. The company's claim: "The Board of blinkx plc notes the recent increase in the Company's share price and confirms that it is not aware of any external bids or bid-related reason for the movement."
And Blinkx's stock is heading back down, so it looks as if investors now believe that no buyout is imminent.
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it does make sense!
Considering the excellent tech and database blinkx holds, it makes sense for the big sharks to go after it.
Also, if they act now they will get it relatively cheap. How can we forget the ridiculous amount of money they have spent on other companies without having a business model and tech in place. Blinkx has everything to give the big ones the extra edge they need and dominate in the online ad market which is the current and moreover future billion money making industry.
in my opinion even at 100p it is cheap... i mean it is the biggest video search engine in the world with over 200 patents, what do they expect more!!
Consolidation in the sector will happen sooner than later and blinkx will be taken over. period.
from whom, at what price and when are the real questions to be answered.
Blinkx also ought to inform the tech-related society about their future plans...
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