Shareholders approve Freeserve sale
Was there ever any doubt?
Dixons shareholders have approved the sale of the group's entire shareholding in Freeserve plc to Wanadoo SA at an extraordinary general meeting this morning. In December French ISP, Wanadoo, agreed an all-share offer for Freeserve valuing the British ISP at £1.65 billion.
Nineteen people left online loyalty currency - Beenz - earlier this week as part of the company's bid to reduce overheads. Although the redundancies were supposed to be "voluntary",The Register
hears the cull was "enforced". One witness described it as a "massacre".
Shares in Scoot.com got a boost thanks to renewed speculation that Vivendi Universal would bid for the rest of the company. according to theFT
. It already owns 22.4 per cent of the online directory. Scoot has not made any official statement.
Internet based car dealing has failed to set the world alight, and is lagging "far behind" other sectors making the shift to ebusiness according to research from KPMG. Obstacles include fear of hackers, industry politics and initial cost of setting up online. ®
Read Cash Register - or the beagle gets it.