Thomson Reuters in asset sale talks with bourse operator Nasdaq OMX

US stock exchange operator Nasdaq OMX Group Inc (NASDAQ:NDAQ) said today that it had made a binding offer to take over the investor relations, public relations and multimedia solutions operations of domestic business information provider Thomson Reuters Corp (NYSE:TRI) for USD390m (EUR299.1m) in cash.

The buyer said it expects to sign a definitive deal after the completion of an information and consultation process, which both companies had started with relevant works councils, unions and employee representatives. The acquisition is also subject to customary closing conditions, including regulatory approvals.

Nasdaq OMX expects that the addition would boost its earnings per share in the first full year, excluding transaction-related costs.

The operations being acquired provide insight, analytics and communications solutions to more than 7,000 clients worldwide. Upon completion of the deal, which is expected to occur in the first half of 2013, they will continue to operate as independent companies within the buyer’s corporate solutions division.

Struggling SAS in talks to dispose of Wideroe and ground handling unit

Scandinavian airline SAS AB (STO:SAS) has kicked off talks with investors interested in the sale of its ground handling business and Norwegian airline Wideroe’s Flyveselskap AS the company’s CEO Rickard Gustafson revealed today.

SAS has shortlisted the parties seeking to become the new owners of SAS Ground Handling, Gustafson told news agency Reuters, but added that given the complexity of the negotiations, there was no certainty about when a deal would be agreed.

SAS agreed to dispose of the ground handling unit in November after talks with trade unions as part of its measures to remain afloat.

As to the sale of Wideroe, Gustafson said it was yet to make a shortlist of the candidates for the airline despite interest seen from several parties.

SAS has been experiencing tough competition from sector player Norwegian Air and Ryanair (LON:RYA) and a spike in costs that made the airline resort to asset sales under a rescue plan announced last month. The company expects to generate some SEK3bn (USD453m/EUR348m) in proceeds from divestments, it said in November.

Over the past 12 years, SAS has disposes of assets worth some SEK100bn, but has been in the red since 2007.

Wipro Technologies Launches SmartOffers

Wipro Technologies, the global information technology, consulting and outsourcing business of Wipro Ltd. (NYSE: WIT) , announced the launch of Wipro SmartOffers – a location based solution for banks, in partnership with Intuition Intelligence.

Wipro Technologies, the global information technology, consulting and outsourcing business of Wipro Ltd. (NYSE: WIT) , announced the launch of Wipro SmartOffers – a location based solution for banks, in partnership with Intuition Intelligence.

Wipro SmartOffers, primarily targeted at retail banks, will help increase coupon redemption rates significantly by delivering the right offers to the bank’s customers over the mobile or the Internet. The solution leverages Wipro’s mobile based applications IP, data models and partner’s algorithms to deliver highly targeted offers. Wipro is working with Intuition Intelligence who has a patented machine learning algorithm that applies rapid real time learning to target coupons.

Wipro’s SmartOffers is built to leverage the unique features of both online and mobile channels. It is a multi-channel application that is integrated with the bank’s retail mobile and online offerings, and supports IOS and Android based smartphones. This solution will link the bank’s internal and external ecosystem; leading to new revenue streams centering on offer optimization and redemption.

Wipro Technologies is a leading information technology, consulting and outsourcing company, that delivers solutions to enable its clients do business better. For more information, visit http://www.wipro.com/.