Hotel Internet provider InterTouch to acquire rival MagiNet
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InterTouch, a provider of broadband Internet services to hotels, has agreed to acquire rival MagiNet for $150 million, InterTouch parent NTT DoCoMo said Friday.Singapore-based InterTouch currently serves about 400 hotels in 45 countries and the deal will see its footprint expanded to about 950 hotels in 63 countries. MagiNet, which is also based in Singapore, is largely focused on the Asia Pacific region and itself just completed acquiring Percipia, a U.S.-based supplier of IP telephony systems to hotels.As part of the deal NTT DoCoMo, which is Japan&#39;s No. 1 cell phone carrier, will invest $191 million into InterTouch to provide it with the funds to acquire MagiNet and to service debt.The acquisition is scheduled to be completed in February 2008.
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With a promise to create new types of online banking services, financial software vendor Intuit has agreed to buy financial services provider Digital Insight for $1.35 billion in cash.
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Hotel franchisor Cendant Corp. said Wednesday that it plans to buy Ramada International Hotels &amp; Resorts from Marriott International Inc.
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By Erika D. Smith, The Indianapolis Star  Feb. 13--Carmel-based nFrame has been acquired by Continental Broadband,  a subsidiary of media giant Landmark Communications.
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Cendant Corp., the world&#39;s largest hotel franchiser, agreed to buy Internet travel agency Orbitz Inc. for $1.25 billion, becoming the second-biggest competitor in the online travel market.
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Swiss telecoms group Swisscom  has proposed a 3.7 billion euro ($4.9 billion) friendly takeover bid for Italian broadband operator Fastweb  in a move to break free from stagnant growth in its home market.
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Hilton Hotels Corp.  said on  Friday it agreed to sell the Scandic Hotel chain to European  private equity group EQT for about $1.1 billion as it seeks to  reduce debt.
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Two of the world's biggest telecom gear makers have tied the knot, eight months after France's Alcatel SA announced plans to buy U.S. rival Lucent Technologies Inc. and create a global force that can cash in on hot "triple-play" services offering phone, TV and Internet together.
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HOUSTON, June 5  /PRNewswire-FirstCall/ -- Interact Holdings Group, Inc.  (BULLETIN BOARD: IHGR)  announced today that it has signed a new contract with utility.net, an emerging provider of high speed Internet access using broadband over power line (BPL) technology.
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French technology firm Thomson  on Monday said it would join Microsoft Corp. and Time Warner Inc. in a venture to buy U.S.-based anti-piracy software maker ContentGuard, a move that could defuse objections by European regulators.
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Intuit Inc.  said on Thursday it will buy Digital Insight Corp.  for $1.35 billion, a move that expands the maker of the popular TurboTax and Quicken financial software into online banking services.
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Intuit plans to buy the Digital Insight Corporation for $1.35 billion, a move that will expand it into online banking software and services.
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Network operator Cable and Wireless PLC (C&W) has agreed to sell its Japanese business, Cable & Wireless IDC Inc., to Softbank Corp. for Â£72.4 million (US$133.3 million), the London-based company announced Tuesday.
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Steel magnate Lakshmi Mittal on Monday agreed to buy International Steel Group Inc. (ISG.N: Quote, Profile, Research) for $4.5 billion and
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Holding company IFIL SpA said Friday it will sell the foods division of retailer La Rinascente SpA to French supermarket retailer Auchan in a deal worth euro1.
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New service will compete with sites like Travelocity.com and Expedia.
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Indian-born billionaire Lakshmi Mittal, who made a fortune buying mills from Algeria to Mexico, agreed to acquire Wilbur Ross&#39;s International Steel Group Inc.