Tom Online Buys Stake in Indiagames
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Wireless Internet company Tom Online Inc. on Friday said it signed a definitive agreement to buy a majority stake in Indiagames Ltd.
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Deutsche Boerse, operator of the Frankfurt stock exchange, has said it had agreed to buy five percent of the Mumbai stock exchange for 42.7 million dollars (32.8 million euros).
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A collective of gamers is hoping to purchase the online game Ryzom to save it from bankruptcy
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Video game publisher Take-Two Interactive Software Inc  on Tuesday said it bought Sega Corp.'s sports game development studios, Visual Concepts Entertainment and Kush Games, for about &#36;24 million.
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Temasek, the investment arm of the Singapore government, has been granted an option to take a 4.99 per cent indirect stake in Bharti Airtel, India&#39;s leading mobile phone operator, that could be worth about $2bn based on current market prices.
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The online game operator Giant Interactive Group said that it would buy back up to $200 million worth of American depositary shares. The company plans to fund the repurchases from available working capital, it said in a statement.
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TomTom, the world's No. 1 maker of personal navigation devices, has increased its bid to $4.2 billion in cash for digital map provider Tele Atlas. TomTom announced it would immediately begin purchasing and acquiring 25.8 million Tele Atlas shares, which represent about 28.3 percent of the software provider's share capital.
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(InfoWorld) - Oracle Corp. intends to acquire another 20 percent of the equity of Indian financial software company I-Flex Solutions Ltd. Oracle informed the Bombay Stock Exchange (BSE) in Mumbai on Wednesday of its intention. Oracle has offered to buy 16.63 million equity shares in I-Flex for Indian Rupees 1,475.00 (US$32) per share. The deal will total about $531 million if I-Flex shareholders accept the offer, which opens Nov. 6 and closes Nov. 25. Oracle of Redwood Shores, California, already holds a majority stake in I-Flex, based in Mumbai. The company announced last month that it would invest $125 million in I-Flex to increase its stake from 52.5 percent to 55.1 percent. The investment would help I-Flex fund its $122.6 million cash acquisition of Mantas Inc., a vendor of anti-money laundering and compliance software and services in Herndon, Virginia, I-Flex said. Oracle had said in August that it intended to increase its stake in I-Flex to meet Indian regulations regarding the acquisition of shares and takeovers. A number of multinational companies that have bought stakes in Indian companies, have then bought out joint venture partners or minority shareholders. In 2003, Hewlett-Packard Co. (HP) bought out the public share holding in Digital GlobalSoft Ltd., a software development and services subsidiary in Bangalore in which it had a majority holding. HP said at the time that it did not want a listed subsidiary in India because then it would be accountable to two sets of shareholders -- HPâs and Digital GlobalSoft's. IBM Corp. also bought out its joint venture partner, the Tata Group, to run its Indian operation as a wholly owned subsidiary. Oracle has, however, stated that it would like to retain the independence of the management and operations of I-Flex.
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German firm Deutsche Boerse buys a 5% stake in India's Bombay Stock Exchange (BSE), a report says.
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(InfoWorld) - AOL has extended itsÂ offer to acquireÂ online marketing company TradeDoubler, giving its shareholders until March 14 to tender their shares in favor of the deal. AOL's Swedish subsidiary, AOLS Holdings, offered to acquire TradeDoubler in January for approximately $900 million. The deal has been recommended by TradeDoubler's board of directors but must still be approved by its shareholders. TradeDoubler offers hosted tools to help companies manage online marketing and sales activities. If the acquisition goes through, the Swedish company will become a subsidiary of Advertising.com, which AOL bought in 2004, but it will continue to do business in Europe as a separate brand. AOL said TradeDoubler will help increase the number of marketing options for its advertisers and provide Web site publishers with more ways to generate revenue through advertising on their sites. Â
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Independent News & Media buys a 26% stake in Indian newspaper company Jagran, in a deal worth 25m euros.
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US GROUP Electronic Arts, the world&#39;s largest video game maker, has acquired 19.9 per cent of French rival Ubi Soft Entertainment from Talpa Beheer for an undisclosed sum.
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US gambling ban reverberates through sector Party Gaming, the world's biggest online gambling business, is axing its interim dividend, worth $115m, previously due to be paid on 31 October.â¦
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EBay announced that it will hand over control of its main website in China to Beijing-based TOM Online in the hope a local offering will prosper where the US firm floundered.
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Yahoo has acquired a stake in Indian Internet advertising company Tyroo MediaÂ to help it capture more of the country's fast-growing online ad market.
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Yes, there's still money to spend Yahoo!'s first quarter financial results may have been a tad disappointing, but that hasn't stopped Jerry Yang and the gang from acquiring a hefty stake in Indian internet advertising company Tyroo Media. The move comes less than a week after Yahoo! finalized its purchase of U.S.-based ad firm RightMedia, part of an ongoing battle with Google and Microsoft over online ad dollars.â¦
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PARIS Electronic Arts, the world&#39;s largest maker of video games, on Monday bought 19.9 percent of a French competitor, Ubisoft Entertainment, fueling speculation that it might bid for the whole company.