Feeds

Dixons signs arms length treaty with Freeserve

Decision-Independence Day

  • alert
  • submit to reddit

Intelligent flash storage arrays

Dixons has signed a deal with Freeserve to ensure its super soaraway subsidiary is able "to operate and make decisions independently". All commercial arrangements between Freeserve and Dixons will be on a "normal commercial basis and on arm's length terms". We shall see. Maybe Kingfisher, Dixon's arch-rival in the electrical retailing market, could sow a little mischief here: why not bid for an e-commerce anchor slot on Freeserve? Dixons says it may set up a new group holding company, to give it "a capital structure more appropriate to its needs" following the Freeserve float. This will make it easier to sell Freeserve shares as well as ringfencing the free ISP from the rest of the group. Dixon says it won't sell any more Freeserve shares for 12 months after the IPO or -- if earlier -- the publication of Freeserve's preliminary statement of final results for the 52-week period ending 29 April 2000. And it won't sell more than 40 per cent of the issued share capital (roughly half of its Freeserve stake) in the following year. Dixons retains the right to appoint the chairman of Freeserve's board while it has more than 50 per cent of the company. ®

Top 5 reasons to deploy VMware with Tegile

More from The Register

next story
WHY did Sunday Mirror stoop to slurping selfies for smut sting?
Tabloid splashes, MP resigns - but there's a BIG copyright issue here
Spies, avert eyes! Tim Berners-Lee demands a UK digital bill of rights
Lobbies tetchy MPs 'to end indiscriminate online surveillance'
How the FLAC do I tell MP3s from lossless audio?
Can you hear the difference? Can anyone?
Inequality increasing? BOLLOCKS! You heard me: 'Screw the 1%'
There's morality and then there's economics ...
Google hits back at 'Dear Rupert' over search dominance claims
Choc Factory sniffs: 'We're not pirate-lovers - also, you publish The Sun'
EU to accuse Ireland of giving Apple an overly peachy tax deal – report
Probe expected to say single-digit rate was unlawful
While you queued for an iPhone 6, Apple's Cook sold shares worth $35m
Right before the stock took a 3.8% dive amid bent and broken mobe drama
prev story

Whitepapers

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.
Storage capacity and performance optimization at Mizuno USA
Mizuno USA turn to Tegile storage technology to solve both their SAN and backup issues.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Beginner's guide to SSL certificates
De-mystify the technology involved and give you the information you need to make the best decision when considering your online security options.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.