Monday, April 30, 2012

Demand Media shares jumps on takeover report

NEW YORK (AP) ? Shares of online publisher Demand Media Inc. jumped Monday after a technology news website reported that it recently pulled out of a deal to become a private company. Evercore Partners analyst Douglas Arthur downgraded his rating on Demand Media shares and said that investors should sell them now to make a profit since the deal is off. [...] JMP Securities analyst Patrick Walravens reiterated his "Market Outperform" rating on Demand Media's shares in a note to clients, saying interest from private equity was a good sign.

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