EU approves sale of AOL UK
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The European Commission Friday approved the planned sale of AOL LLC's U.K. Internet access business to Carphone Warehouse Group PLC (CPW) of the U.K. The deal follows recent similar sell-offs in Germany and France.
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The European Commission gave the go-ahead for theÂ â¬675 million saleÂ ($887 million) of AOLâs German Internet service provider to Telecom Italia on Wednesday, after a month-long probe of the deal.
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Computer maker Gateway Inc. Tuesday said it has agreed to repurchase stock held by America Online Inc. for $316 million US. AOL, which is a unit of media and entertainment company Time
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Thomson Corp  won  conditional approval from the European Commission and the U.S.  Department of Justice to buy Reuters , a deal that will  create the world's leading provider of news and data for  professional markets.
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BT Group confirmed this morning it is to buy the Californian telecoms group Infonet Services Corp for Â£965 million. The news followed reports which said that the UK telecoms
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Time Warner Inc. said Wednesday 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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Microsoft agrees to comply with the European Commission's anti-monopoly ruling against it.
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(InfoWorld) - The European Commission gave the go-ahead for theÂ â¬675 million saleÂ ($887 million) of AOLâs German Internet service provider to Telecom Italia on Wednesday, after a month-long probe of the deal. "The Commission's examination of the proposed transaction showed that the horizontal overlaps between the activities of Telecom Italia and AOL in Germany (i.e. broadband and narrowband Internet access services) are limited and that the combined firm would continue to face a number of strong, effective competitors, notably the incumbent Deutsche Telekom," the Commission said in a statement. Time Warner has beenÂ retreating from AOL's Internet access businessÂ in Europe, where its subscriber numbers have been declining. In September it agreed to sell its French operation to Neuf Cegetel for â¬288 million, and has beenÂ in talks with suitors in the U.K., including satellite TV broadcaster British Sky Broadcasting Group. The company has about 5.9 million customers for its three European divisions, in the U.K., France and Germany. For Telecom Italia, the deal is part of a reorganization away from telephony towards broadband Internet access. Buying AOL Germany will help consolidate its broadband access service in Europe, the company said recently. The move would make the company the second largest Internet access provider in Germany with over 3 million subscribers, it said. Under the deal's terms, AOL will provide Telecom Italia with co-branded entertainment services to all of its residential customers for five years. AOL will also retain responsibility for all online advertising, also for five years.ADVERTISEMENTNEW IT SERVICES FROM IBM: EASIER TO BUY AND IMPLEMENTDiscover a simpler, more cost-effective way to get the solutions your company needs to grow more flexible and efficient.
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KB Home can sell its French homebuilding division Kaufman &amp; Broad to private equity fund PAI Partners, European Union regulators ruled Friday.
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The European Commission ended its&#160;antitrust investigation into Apple&#160;after the company agreed to reduce the price of music downloads from its iTunes Web site in the U.K., the European Union&#39;s antitrust regulator said Wednesday.
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COMPUTER maker Gateway said it has agreed to repurchase stock held by America Online for $US316 million ($422 million). AOL, which is a unit of media and entertainment company Time Warner, invested $US800 million in Gateway in 1999.
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Deutsche Telekom has consolidated its position as the largest internet company in Europe by purchasing the quarter of T-Online it did not already own for just under â¬3bn (Â£2.
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The European commission yesterday approved Oracle Corp&#39;s proposed $7.7bn hostile takeover of rival software company PeopleSoft, clearing the last competition hurdle to the deal.
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AOL has agreed to make it easier for its remaining customers to leave as part of a $3 million settlement with 48 states and the District of Columbia.
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AOL said on Monday it has realigned  its advertising business and expanded a deal with  Hewlett-Packard Co  beyond the United States, as part of  a move to take its properties and services into more than 30  countries in two years.
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AOL has bought a small widget and online desktop applications maker Goowy Media, for an undisclosed amount.
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Time Warner Inc. is giving up its foothold in one of the fastest-growing markets for broadband Internet access with a deal to sell AOL Germany's Internet access business to Telecom Italia SpA for about $870 million.