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WorldSport falls into Net oblivion

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Worldsport Networks Europe is going into liquidation after receivers failed to find a buyer. The London company, which provided news and information services for sports federations, called in the receivers on July 6. At that time it had 180 employees, 60 of whom were promptly laid off. At close of play numbers were down to around 90, according to Bloomberg. Worldsport Networks Europe had £ 8 million debt and next to no assets. It is - or was - a subsidiary of Dublin-based World Sport Networks Ltd.



US investment bank Goldman Sachs has launched a broking service platform called PrimeAccess for customers of online brokers. It will provide discount brokers' clients with real-time access to the major equity markets and access to some IPOs, among other services. One of the first online brokers to sign up was Dierkt Analge Bank, the company said.




BSkyB is moving into the mobile market using Virgin's 'virtual operator' business model. The company has started to sell rebranded Vodafone services.



The phones, which will be handed out free with the service, will be WAP enabled and will display the Sky.com logo.



In just a few days, Vodafone is expected to close the books on its sale of Italian Internet and fixed phone business, Infostrada. The Italian electricity generator Enel is clearly in the frame for the buy, but it is not yet clear if France Telecom will join the party. Enel is under pressure from the Italian government to go ahead alone if necessary. ®



For more financial flatulance visit Cash Register.

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