Feeds

T-Online plays poker over Freeserve tax bill

And other tales from the Bubble Economy

  • alert
  • submit to reddit

Top three mobile application threats

Here's a very plausible explanation for that very public bucket of cold water poured by T-Online on reports that it would buy Freeserve. And it comes from the Sharewatch column of the Sunday Times which points to a capital gains tax liability of up to £1bn faced by Freeserve owner Dixons. "It is thought," the ST says, "that Dixons wants T-Online to take over its tax liability." At the same time, Kalms has been holding out for 600p per share, valuing Freeserve at £6 billion.

T-Online, the Deutsche Telekom Internet sub, in turn said it would only pay 500p per share if it were to take on the tax liability, which would mean that it was still paying £6 billion for Freeserve (and not £7bn). Makes sense to us.

But not necessarily to Dixons - according to the ST, advisers to both companies had "hoped the deal would be wrapped up by this weekend but the deal looks unlikely. T-Online has played a tough poker game with Dixons to reduce the price".



Symbian's owners - Psion, Motorola, Nokia and Ericsson - want to IPO the company for up to £5 billion early next year, according to the

Sunday Telegraph

. The paper reveals that Morgan Stanley Dean Witter and Goldman Sachs are competing to handle the float and - more interestingly - that CSFB, Psion's adviser, is pressing for an early float. Wonder why... More >

Register

coverage on the Symbian IPO plans

here


The Department of Trade and Industry is to cast its eyes over the collapse of online sportswear retailer Boo.com, according a source close to the company cited by the

Financial Mail on Sunday

. If it finds anything awry, it can recommend a full inquiry into the affairs of the company or "propose sanctions such as banning of directors", FMOS says. Sounds like a complete waste of time to us. Since when was incompetence a crime?




Claims Direct, the UK's biggest ambulance-chaser (or "personal injury insurance claims specialist"), has asked domain name reseller LexNames.com to withdraw from sale a set of names similar to the company's name and Web site address. These are Claims-Direct-UK.co.uk and ClaimsdirectUK.co.uk. Paul Massey of LexNames, told the

Financial Mail of Sunday

that the company had done nothing wrong and that Claims Direct could if it so wished bid for the names. Of course, it could always sue.




Durlacher is in merger talks with German company, Value Management Research, a fund manager and online stock broker, the

Sunday Times says

If successful, the enlarged group would be worth £550m, a far cry from March this year, when the market cap of Durlacher alone was £2bn.




CDNow, the troubled online music retailer, is shutting up shop in the UK, CNet

reveals

. We never knew CDNow had a UK office, but that says far more about our ignorance, than CDNow's massive presence in this country. ®

3 Big data security analytics techniques

More from The Register

next story
Sorry London, Europe's top tech city is Munich
New 'Atlas of ICT Activity' finds innovation isn't happening at Silicon Roundabout
MtGox chief Karpelès refuses to come to US for g-men's grilling
Bitcoin baron says he needs another lawyer for FinCEN chat
Dropbox defends fantastically badly timed Condoleezza Rice appointment
'Nothing is going to change with Dr. Rice's appointment,' file sharer promises
Audio fans, prepare yourself for the Second Coming ... of Blu-ray
High Fidelity Pure Audio – is this what your ears have been waiting for?
Did a date calculation bug just cost hard-up Co-op Bank £110m?
And just when Brit banking org needs £400m to stay afloat
Zucker punched: Google gobbles Facebook-wooed Titan Aerospace
Up, up and away in my beautiful balloon flying broadband-bot
Apple DOMINATES the Valley, rakes in more profit than Google, HP, Intel, Cisco COMBINED
Cook & Co. also pay more taxes than those four worthies PLUS eBay and Oracle
prev story

Whitepapers

Designing a defence for mobile apps
In this whitepaper learn the various considerations for defending mobile applications; from the mobile application architecture itself to the myriad testing technologies needed to properly assess mobile applications risk.
3 Big data security analytics techniques
Applying these Big Data security analytics techniques can help you make your business safer by detecting attacks early, before significant damage is done.
Five 3D headsets to be won!
We were so impressed by the Durovis Dive headset we’ve asked the company to give some away to Reg readers.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Securing web applications made simple and scalable
In this whitepaper learn how automated security testing can provide a simple and scalable way to protect your web applications.