PRESS DIGEST- New York Times business news - Aug 26
Aug 26 (Reuters) - The following are the top stories on the New York Times business pages. Reuters has not verified these stories and does not vouch for their accuracy.
* Amazon.com Inc said it would buy Twitch, the most popular website for watching people play games for $1 billion. To win in its bid for Twitch, Amazon had to outmaneuver a who's who of the tech world, including Google Inc, strongly suggesting that these companies think the era of video-game viewing is just starting. (nyti.ms/1t7O53I)
* The long fight over Hewlett-Packard Co's $11.1 billion purchase of Autonomy got a new wrinkle on Monday, which might spell more legal pressure on Autonomy executives. On Monday, Judge Charles Breyer of United States District Court in San Francisco said that HP and the lawyers suing the company must file a revised proposed settlement agreement. (nyti.ms/1p6dLG2)
* A group of hedge funds, including George Soros's Quantum Partners and Kyle Bass's Hayman Capital, is seeking a 226 million euro ($298.4) interest payment on Argentine bonds from Bank of New York Mellon that was blocked by a United States judge last month. (nyti.ms/1APjBEE)
* Ann Inc, the parent company of the Ann Taylor stores, is being pressed to explore options, including a sale by the activist investor Engine Capital and the hedge fund Red Alder. In a letter made public on Monday, Engine Capital and Red Alder said they believed that the company could be worth $50 to $55 a share to an acquirer, or a 33 to 46.5 percent premium to its stock price as of Friday.(nyti.ms/1BX8kmZ) Continuación...