Reuters to buy Moneyline Telerate for 175 mln dollars
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LONDON  - Reuters, the British news and data provider, said it had agreed to buy US financial information firm Moneyline Telerate for 175 million dollars.
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Time Warner Inc. said Thursday it agreed to sell AOL France's Internet access business to Neuf Cegetel, a French telecommunications network operator, for about $365 million in cash.
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(InfoWorld) - Expanding its U.S. turf, T-Mobile USA announced Monday that it will buy SunCom Wireless Holdings for $2.4 billion in cash and assumed debt. T-Mobile, a subsidiary of Deutsche Telekom, will make a cash payment of about $1.6 billion for SunCom, which operates wireless networks in the southeastern U.S. and Caribbean. The acquisition will improve T-Mobile's network coverage in North Carolina, South Carolina, Tennessee, Georgia, Puerto Rico, and the U.S. Virgin Islands, T-Mobile said in a news release. SunCom has provided roaming service to T-Mobile in these areas since 2004. It operates a network that includes GSM (Global System for Mobile Communications), GPRS (General Packet Radio Service) and EDGE (Enhanced Data Rates for GSM Evolution). T-Mobile expects to fully integrate SunCom's network into its own, the company said in a news release. T-Mobile, the fourth largest wireless carrier in the U.S., has had limited coverage in parts of the southeastern U.S. The SunCom acquisition allows T-Mobile to continue its strategy to "grow abroad with mobile," RenÃ© Obermann, chairman of Deutsche Telekom's board, said in a statement. The acquisition is subject to governmental and regulatory approvals as well as approval by SunCom shareholders. The companies expect the deal to close in the first half of 2008. At the end of the second quarter of 2007, SunCom had more than 1.1 million customers, up by more than 105,000 customers from a year earlier. Its revenue for the quarter was $242.5 million, up from $206.7 million a year earlier. The agreement, approved by the boards of both companies, will give holders of SunCom common stock $27 per share in cash. The $27 per share purchase price represents a premium of 22.7 percent over the closing price of SunCom common stock on the New York Stock Exchange Friday.
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Deutsche Telekom AG, Europe's biggest telecommunications company, said Monday it will buy the remainder of SunCom Wireless Holdings Inc. for $1.6 billion in cash.
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LONDON, October 11  - Deutsche Telekom AG (DTE.ETR) has offered to buyback the remaining stake in its Internet services subsidiary, T-Online International AG, for about â¬3 billion ($3.
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LONDON, November 30  - Pinault-Printemps Redoute SA (PPX.FSE) plans to sell its controlling stake in the electrical parts distributor, Rexel (RXL), to a group of private firms for â¬1.92 billion ($2.55 billion).
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IBM offers $745 million for buy software developer Telelogic.
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NYSE Euronext  said on Thursday  it agreed to acquire the American Stock Exchange (Amex) for  $260 million in stock to boost its business in options,  exchange traded funds and cash products.
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Rexel , the world's biggest electrical parts distributor, officially launched its 3.1 billion euro ($4.45 billion) bid for Dutch rival Hagemeyer  on Friday, assisted by privately owned Sonepar.
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Telecommunications equipment  maker Ericsson AB (ERICb.ST) will buy data networking  equipment vendor Redback Networks Inc.  for $2.1  billion in cash, the companies said on Tuesday.
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Global news and information provider Reuters Group Plc has agreed to buy loss-making market data firm Moneyline Telerate in a deal worth up to $175million to beef up its presence in fixed income markets.
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French retailer Pinault Printemps Redoute is in talks to sell its stake in Rexel, valuing the electrical equipment supplier at â¬3.7bn (Â£2.57bn).
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Telekom Austria AG, the country&#39;s biggest phone operator, won the right to buy Bulgaria&#39;s largest mobile phone company, MobilTel EAD, for 1.6 billion euros ($2.1 billion), an acquisition that would add 3 million subscribers.
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PAN-EUROPEAN stock exchange Euronext is planning a rival bid for the London Stock Exchange, it was reported yesterday. The Paris-based Bourse this week intends unveiling plans drawn up for a cash bid, several Sunday newspapers reported.
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Deutsche Telekom  mobile phone division T-Mobile USA has agreed to buy SunCom Wireless Holdings Inc  for about $1.6 billion, the companies said on Monday.
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Transatlantic exchange NYSE Euronext   said on Thursday it agreed to acquire the American Stock Exchange (Amex) for $260 million in stock to boost its options business, exchange traded funds (ETFs) and cash products.
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Deutsche Telekom  said on Monday its mobile phone division T-Mobile USA had agreed to buy SunCom Wireless for about $1.6 billion.