Motricity pulls in &#36;27M after merger
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The wireless content delivery company gets a third institutional round of funding, bringing total venture investment to &#36;46 million.
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The business intelligence software company joins the M&A spree.
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Verizon Wireless is buying cellular capacity for 23 markets from bankrupt NextWave Telecom Inc. for &#36;3 billion, ending the government's long tug-of-war over the never-used licenses and bolstering Verizon against a big new rival created by the merger of Cingular Wireless and AT&amp;T Wireless.
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Oracle Corp. announced Monday that it has signed a definitive merger agreement to acquire PeopleSoft Inc. for approximately &#36;10.3 billion.
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Shareholders in French telecommunications equipment maker Alcatel and US group Lucent approved a merger of the two companies to create a giant valued at 21.5 billion euros (27 billion dollars).
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Amadeus Global Travel Distribution SA has agreed to be acquired by two British private investment funds for about 4.34 billion euros (&#36;5.69 billion), the company's main shareholders said Wednesday in a filing with market regulators.
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This week saw three merger deals worth about $60 billion--including one that ranks as the largest software merger in history.
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Johnson & Johnson's $25.4 billion takeover of Guidant Corp. and the $35 billion union of Sprint Corp. and Nextel Communications Inc. are leading the busiest quarter for mergers in more than four years. -The Washington Post
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-- Consolidated cash-flow from operations(4) of EUR1,369 million. On a comparable(1) basis, consolidated cash flow from operations was up 42%.
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Amadeus Global Travel Distribution SA has agreed to be acquired by two British private investment funds for about 4.34 billion euros ($5.69 billion), the company's main shareholders said Wednesday in a filing ...
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In July, German auto parts maker, Continental, clinched a major deal to acquire Siemens VDO. Now the company must integrate a company nearly its own size.
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BusinessWeek Online - In the world of big-time telecom, the Baby Bells have been hogging the spotlight as they bulk up to compete against an onslaught of new technology -- and their arch-rivals, the cable companies. For competitors hovering outside the Bells' territory, that sends a stark message: Team up or get smashed. Sprint Corp.  and Nextel Communications Inc.  chose the former, announcing on Dec. 15 a &#36;35 billion deal to merge into the third-largest wireless powerhouse. With a market capitalization of &#36;70 billion, the new Reston (Va. ...
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A quarterly profit of $3.2 billion was driven by increased trading volume and merger activity.
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Round two of US wireless industry consolidation is officially under way, with Sprint Corp. and Nextel Communications Inc.making the much anticipated announcement that they have agreed to a $35 billion merger Wednesday, Dec.
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Financial service group Fortis has  moved to sell almost all of its remaining 36 percent stake in  Assurant, worth about $1.55 billion, after floating the U.S.  insurer nearly a year ago.
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Long distance is dead. The last of the big-three long-distance carriers, MCI Inc., yesterday agreed to a $6.7 billion takeover by Verizon Communications Inc. The move comes two weeks after AT&amp;T Corp. agreed to sell out for $16 billion to SBC Communications Inc. Meanwhile, Sprint Corp. is taking a hard turn into a chiefly wireless future through a planned $36 ...
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Sprint Corp. and Nextel Communications Inc. may soon be expected to join their efforts in the mobile phone industry merging to create a company with 33 million customers and joined market value of about $35 billion.