Intuit Buys Management Reports

USA Interactive plans to buy publicly-traded subsidiaries Expedia, Hotels.com, and Ticketmaster

Intuit (INTU ) agreed to acquire closely-held Management Reports for about $92 million. Intuit says the deal will help it become a key player in the property management software area. (6/4)

Tele2 AB (TLTOA) denies market rumors that it will make a bid for Millicom International Cellular S.A. (MICC ), and that it's been calling analysts to sound out their reaction toward potential a bid for MICC by TLTOA. (6/4)

USA Interactive (USAI ) plans to begin exchange offers to buy out three of its publicly-traded units: Expedia (EXPE ), Hotels.com (ROOM ), and Ticketmaster (TMCS ). The offers provide a 7.5% premium over current share prices, and USAI will issue about 156 million new shares to complete the $4.5 billion deal. (6/3)

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