Yahoo’s board is expected to officially reject Microsoft’s takeover bid concluding the $44.6 billion offer “undervalued” the company, and want an offer equivalent to $40 a share, rather than the $31 offered by Microsoft. The company’s share price has increased so much since the offer was made that Yahoo’s market value now exceeds Microsoft’s offer, […]
The Kudelski Group, specialists in CA, have agreed to acquire EmbedICs, a US-based embedded software, cryptography and fabless semiconductor design firm.
Teleste has acquired the Finnish software and video service solution provider Ortikon Interactive Ltd. Founded in 2000 Ortikon develops complete integrated software solutions designed for video business. The company supplies the related comprehensive systems mainly for European cable operators. As demand for the new video services increases in Europe the market share of digital headend […]
Time Warner has folwed up its results with news it is separating AOL's dial-up internet access service from its faster-growing online advertising business. The move could presage a sale or further realignment of both businesses. Jeff Bewkes, Time Warner's chief executive, called the split “one of our top priorities”, adding: “This should significantly increase AOL's […]
From Colin Mann in London Neil Berkett, acting CEO of UK 'quad-play' operator Virgin Media, has given a strong indication that it is unlikely to launch a renewed bid for commercial broadcaster ITV plc, and also confirmed that it does not intend to compete in the 'premium TV' market. He told members of the Broadcasting […]
Amazon is to bow out of DVD rentals and throw its weight behind Lovefilm, the leading European specialist,. Amazon is to transfer its subscribers and inject some cash to Lovefilm in exchange for a stake believed to be about 30 per cent of the company and valued at about £60 million (E80m) to £70 million. […]
Serafina Holdings, an entity formed by BC Partners, Silver Lake and other equity investors, has closed its acquisition of commercial satellite operator Intelsat. Through the transaction, the equity of Intelsat Holdings was valued at about $5 billion. As part of the deal, funds associated with Apax Partners Worldwide, Apollo Management, Madison Dearborn Partners and Permira […]
Google has said it finds Microsoft’s $44.6 billion bid to buy rival Yahoo “troubling” and wants regulators to scrutinise the proposed deal. Google said the tie-up could unfairly limit the ability of consumers to freely access competitors’ email and instant messaging services. It said Microsoft had previously sought “to establish proprietary monopolies”. “Microsoft’s hostile bid […]
Shares in UK commercial broadcaster ITV rose as much as 4.6 per cent in London trading after weekend media reports that private equity firms were consider a takeover bid. ITV shares climbed as much as 3.5 pence to 80 pence and traded at 79.3 pence as of 12:37pm, valuing the broadcaster at £3.08 billion pounds […]
BC Partners is set to announce the completion of its $16.5 billion purchase of Intelsat, the world's biggest satellite operator. The UK-based private equity firm has agreed to make concessions on the structure and terms of its $15 billion debt package to hold together its syndicate of main banks – Credit Suisse, Bank of America […]