Feeds

Stakes raised in MediaOne bidding war

Great Satan of Software to set up tracking stock to strengthen hand?

  • alert
  • submit to reddit

Intelligent flash storage arrays

The battle for control of MedaOne shows no sign of letting up. US cable operator, Comcast, put in a bid of $47 billion to buy MediaOne but this was trumped by AT&T's bid of $56 billion. If successful, AT&T would end up owning more than 50 per cent of Telewest. MediaOne owns half of UK mobile phone minnow One-2-One, as well as a 30 per cent stake in local cable TVer Telewest. Comcast has until Thursday to revise its bid and according to US reports, is hoping to enlist the help of Microsoft in the fight. Microsoft is a Comcast shareholder and has already said it is confident that it can outbid AT&T should it wish to. It now looks as though the software giant may create a tracking stock, which would be used to value its interests in the Web and communications. As well as keeping its new media investment interests separate from its core software business, this would put Microsoft in a position to engage in high-value stock swap deals such as the battle for MediaOne. The financial performance of Microsoft's Web-based businesses is thought to be under-valued in stock market terms, especially in light of the current love affair between the markets and all things Internet related. ® See also Microsoft, AOL enter MediaOne bidding war One-2-One to IPO

Choosing a cloud hosting partner with confidence

More from The Register

next story
Facebook pays INFINITELY MORE UK corp tax than in 2012
Thanks for the £3k, Zuck. Doh! you're IN CREDIT. Guess not
Big Content outs piracy hotbeds: São Paulo, Beijing ... TORONTO?
MPAA calls Canadians a bunch of bootlegging movie thieves
Google Glassholes are UNDATEABLE – HP exec
You need an emotional connection, says touchy-feely MD... We can do that
YARR! Pirates walk the plank: DMCA magnets sink in Google results
Spaffing copyrighted stuff over the web? No search ranking for you
Just don't blame Bono! Apple iTunes music sales PLUMMET
Cupertino revenue hit by cheapo downloads, says report
Hungary's internet tax cannot be allowed to set a precedent, says EC
More protests planned against giga-tariff for Tuesday evening
US court SHUTS DOWN 'scammers posing as Microsoft, Facebook support staff'
Netizens allegedly duped into paying for bogus tech advice
prev story

Whitepapers

Why cloud backup?
Combining the latest advancements in disk-based backup with secure, integrated, cloud technologies offer organizations fast and assured recovery of their critical enterprise data.
A strategic approach to identity relationship management
ForgeRock commissioned Forrester to evaluate companies’ IAM practices and requirements when it comes to customer-facing scenarios versus employee-facing ones.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Top 5 reasons to deploy VMware with Tegile
Data demand and the rise of virtualization is challenging IT teams to deliver storage performance, scalability and capacity that can keep up, while maximizing efficiency.
Mitigating web security risk with SSL certificates
Web-based systems are essential tools for running business processes and delivering services to customers.