Freeserve/T-Online deal back on the agenda
Buy now before share option squabbles derail it
Takeover talks between Freeserve and Deutsche Telekom's T-Online seem to be back on. Rumours of the deal sent the share price to 335.5 pence. Analysyts at Credit Suisse First Boston have put a 496p target on the shares according to the Daily Express. Looks like the Freeserve management's concerns about their share options are being sorted.
The Carphone Warehouse Group has raised £185 million in today's IPO. It sold 20 per cent at 200p per share - which gives the company a market cap of £164 billion. The cash will be used to finance expansion through Europe and help it double its number of stores. According to theIndependent,
the placing of shares was at least five times subscribed.
Academic and scientific publisher Taylor and Francis is to digitise its whole range of 17,000 titles. The publisher says that it is preparing for future demand for electronic books in a deal with Versaware, the self-titled e-book warehouse. Versaware will receive a named percentage of revenues from books sold over the net, but Taylor does not expect the deal to generate any additional sales over the next two years, saying that the move is about testing the market.
Netscalibur, the privately funded Internet company, has announced two recent acquisitions intended to further its operational expansion into Europe. The e-business services company has bought Direct Connection and ESIB-Evolution Systems. Details have been kept under wraps, but it is thought that a total sum of $55 million in cash has been spent. The deal means that the company will likely reach its target turnover of $50 million this year. ®
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