Feeds

Carphone Warehouse buys out AOL Mviva stake

Remain bosom buddies

  • alert
  • submit to reddit

Choosing a cloud hosting partner with confidence

Carphone Warehouse (CPW) this week bought out AOL Europe's minority holding in its Mviva mobile portal for £2.7m in new shares.

The mobile phone retailer said the acquisition completes the restructuring of its data interests. CPW will "continue to enjoy a strong ongoing commercial relationship with AOL".

This will not mark one of AOL better deals. In June 2000, CPW proclaimed that "AOL will acquire 15% of Mviva in return for providing pan-European functionality, content and services as well as payment of $25 million in cash. The agreement gives AOL the right to acquire a further 4.9% of Mviva within the next 12 months, at a valuation of Mviva of $700 million".

We guess that AOL balked at the second round.

Launched in September 2000, Mviva was intended to compete with the likes of Vizzavi for the European market. As we all know, the mobile ISP market has failed so far to take off as originally anticipated. ®

Related story

Vodafone buys out Vivendi stake in Vizzavi

Intelligent flash storage arrays

Whitepapers

Cloud and hybrid-cloud data protection for VMware
Learn how quick and easy it is to configure backups and perform restores for VMware environments.
A strategic approach to identity relationship management
ForgeRock commissioned Forrester to evaluate companies’ IAM practices and requirements when it comes to customer-facing scenarios versus employee-facing ones.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Three 1TB solid state scorchers up for grabs
Big SSDs can be expensive but think big and think free because you could be the lucky winner of one of three 1TB Samsung SSD 840 EVO drives that we’re giving away worth over £300 apiece.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.