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Internet giant Yahoo acquires mobile ad startup Admovate

Yahoo! Inc (NASDAQ:YHOO) said it had taken over mobile ad startup Admovate without disclosing the purchase price. The Internet giant said that the deal is in line with its strategy to invest in … Continue reading “Internet giant Yahoo acquires mobile ad startup Admovate”


US sponsor Platinum Equity tables $225m bid for CBS Outdoor International

US private equity firm Platinum Equity LLC said it had offered to buy outdoor media company CBS Outdoor International from CBS Corp (NYSE:CBS) for around USD225m (EUR171.2m). The irrevocable binding offer is subject … Continue reading “US sponsor Platinum Equity tables $225m bid for CBS Outdoor International”


RBS seeks buyers for Australian school management group Axiom Education

UK bailed-out lender Royal Bank of Scotland Group Plc (LON:RBS) has hired Rothschild to help it dispose of its Axiom Education business in Australia, according to an informed source cited by Bloomberg on … Continue reading “RBS seeks buyers for Australian school management group Axiom Education”


Telecom Italia postpones fixed-line sale as Italy’s regulator approves lower cost access for competitors

Telecom Italia SpA (BIT:TIT) said its board had decided to halt the implementation of the plan to spin off the fixed-line business until favourable regulatory conditions are in place. Italy’s telecom regulator AGCOM … Continue reading “Telecom Italia postpones fixed-line sale as Italy’s regulator approves lower cost access for competitors”


UK tech consulting group Sagentia acquires local rival OTM

UK technology consulting firm Sagentia Group Plc (LON:SAG) said today it had bought domestic sector player OTM Consulting Limited via a cash-and-stock deal valued at GBP6.5m (USD9.7m/EUR7.5m). The transaction involves a cash payment … Continue reading “UK tech consulting group Sagentia acquires local rival OTM”


UK digital sports group Perform raises £120m for acquisitions

UK digital sports media company Perform Group Plc (LON:PER) announced today it will raise around GBP120m (USD183m/EUR141m) via a private placement to fund its planned purchase of Opta Sports Data Ltd and some … Continue reading “UK digital sports group Perform raises £120m for acquisitions”


Mexican Coca Cola bottler Femsa acquires Brazil’s Coca-Cola Company distributor in $448m deal

Coca-Cola Femsa SAB de CV (MXK:KOFL), the bottler of Coca Cola in Mexico, said it would take over Brazilian Companhia Fluminense de Refrigerantes for an enterprise value of USD448m (EUR344m). Companhia Fluminense, set … Continue reading “Mexican Coca Cola bottler Femsa acquires Brazil’s Coca-Cola Company distributor in $448m deal”


Wimbledon stimulates sales of traditional summer fare at Waitrose

UK retail company Waitrose said today that its customers appear to be getting into the spirit of Wimbledon as it released its weekly sales figures, which showed a rise in sales of traditional … Continue reading “Wimbledon stimulates sales of traditional summer fare at Waitrose”


Direct Line Group to make 2,000 staff redundant in cost cutting measures

UK retail general insurer Direct Line Insurance Group plc announced today that it intends to continue its business transformation plan and improve its operational efficiency, with further initiatives that include cutting staff numbers … Continue reading “Direct Line Group to make 2,000 staff redundant in cost cutting measures”


German utility E.ON sells its 62.8% stake in Westfalen unit for €360m

German utility E.ON SE (ETR:EOAN) said today it had signed a deal to sell its 62.8% stake in regional unit E.ON Westfalen Weser AG to a consortium of municipal co-owners for some EUR360m … Continue reading “German utility E.ON sells its 62.8% stake in Westfalen unit for €360m”


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