Feeds

BT and United want £400m for LineOne

You have got to be joking...

  • alert
  • submit to reddit

The essential guide to IT transformation

Anyone who reackons Freeserve's £1billion-plus price tag is a bit out of their league might want to take a butchers at LineOne. Weekend reports suggest that its owners, United News & Media and BT, could be happy for just £400 million. Rumours about LineOne's sale have been around for donkeys, although neither side will confirm or deny the speculation. Well, not yet, anyhow. But with United clearly flogging anything that isn't nailed down and BT desperate for cash, it seems this one is a dead cert. Snag is, who'd want to buy it?



Talking of United, last week it flogged Express Newspapers for £125 million - and with it, some online titles to boot. The

Guardian

reports that its new boss is set to pull the plug on four online titles with the loss of 40 jobs as part of a cost-cutting exercise.




Yell has appointed John Davis as financial director of BT's e-commerce and directories business ahead of the e-outfit's float. Davis - previously FD at Yahoo Europe - will oversee BT's plans to float 25 per cent of the company, a move that could raise up to £1 billion for the debt burdened telco.




BT's planned $8 billion bond issue has meet a lukewarm reaction in London. Analysts said that investors knew BT's restructuring plans depended on the equity markets, but fund managers are not convinced about the attractiveness of BT's offer. This could impact the pricing, the analysts said. ®



It gets worse. Go here and you'll find out why.

5 things you didn’t know about cloud backup

More from The Register

next story
6 Obvious Reasons Why Facebook Will Ban This Article (Thank God)
Clampdown on clickbait ... and El Reg is OK with this
Mozilla's 'Tiles' ads debut in new Firefox nightlies
You can try turning them off and on again
No, thank you. I will not code for the Caliphate
Some assignments, even the Bongster decline must
Barnes & Noble: Swallow a Samsung Nook tablet, please ... pretty please
Novelslab finally on sale with ($199 - $20) price tag
Banking apps: Handy, can grab all your money... and RIDDLED with coding flaws
Yep, that one place you'd hoped you wouldn't find 'em
TROLL SLAYER Google grabs $1.3 MEEELLION in patent counter-suit
Chocolate Factory hits back at firm for suing customers
Primetime precrime? Minority Report TV series 'being developed'
I have to know. I have to find out what happened to my life
Netflix swallows yet another bitter pill, inks peering deal with TWC
Net neutrality crusader once again pays up for priority access
prev story

Whitepapers

Top 10 endpoint backup mistakes
Avoid the ten endpoint backup mistakes to ensure that your critical corporate data is protected and end user productivity is improved.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Backing up distributed data
Eliminating the redundant use of bandwidth and storage capacity and application consolidation in the modern data center.
The essential guide to IT transformation
ServiceNow discusses three IT transformations that can help CIOs automate IT services to transform IT and the enterprise
Next gen security for virtualised datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.