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Telefonica confirms takeover talks after Iusacell report
2014-07-30 14:45:00| Telecompaper Headlines
(Telecompaper) Telefonica has confirmed ongoing negotiations with an unnamed company in Mexico after an earlier report said the Spanish group was finalising the takeover of mobile operator Iusacell. In a statement to Spain's market regulator CNMV, Telefonica said "negotiations are open, although no agreement has been reached." Spanish website El Confidencial had earlier reported that Telefonica was close to acquiring its rival Iusacell for between EUR 2.5 to EUR 3 billion. Iusacell, Mexico's third largest mobile operator, was valued at USD 3.2 billion when the broadcaster Televisa acquired a 50 percent stake in the company in 2012. Mexican billionaire Ricardo Salinas owns the remaining 50 percent of the operator.
Tags: report
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Comcast confirms Time Warner Cable takeover for USD 45 bln
2014-02-13 13:08:00| Telecompaper Headlines
(Telecompaper) Comcast has agreed to acquire Time Warner Cable, in a deal valuing the US' second-largest cable operator at USD 45.2 billion. TWC agreed to the offer worth USD 158.82 per share, after earlier rejecting a bid of USD 132.50 per share from the smaller Charter Communications. Comcast will pay all in stock for TWC, offering 2.875 of its own shares for each TWC share, giving TWC shareholders 23 percent of the combined company. The companies expect to generate synergies of USD 1.5 billion from integrating their operations; including these synergies, Comcast said the deal values TWC at 6.7 times operating cash flow. Comcast said it will sell operations with around 3 million subscribers in order to keep its market share below 30 percent after the takeover. This will give it a net 8 million new customers from TWC, for a total base of 30 million. Pending regulatory and shareholder approval, the deal is expected to close by the end of 2014.
Ziggo confirms new takeover approach from Liberty Global
2013-12-12 09:46:00| Telecompaper Headlines
(Telecompaper) Dutch cable operator Ziggo said it's in talks on a possible deal to be acquired by Liberty Global, its largest shareholder. Ziggo issued a statement following stock market rumours that Liberty had made a new approach to the company. No details of the proposed offer were announced. In October Ziggo rejected an offer from Liberty Global as "inadequate". Liberty, which already owns the cable operator UPC in the Netherlands, holds a 28.5 percent stake in Ziggo.
Tags: global
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Invensys confirms takeover approach
2013-07-12 09:25:32| BBC News | Business | UK Edition
UK engineering firm Invensys confirms it has received a takeover approach from France's Schneider Electric, which it is likely to accept.
Tags: approach
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invensys
RUSSIA: Russian Standard confirms CEDC takeover, eyes exports boost
2013-06-06 12:36:54| Daily beverage news and comment - from just-drinks.com
Russian Standard has promised to increase exports of Central European Distribution Corporation (CEDC) vodka brands after completing the takeover of its debt-laden former rival.
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