AOL withdraws their bid to acquire TradeDoubler
Time Warner’s internet division AOL has said that they are withdrawing their cash offer for Swedish online marketing specialist TradeDoubler AB.
The company has to go ahead with this step as they have failed to acquire enough shares by the bid deadline. AOL had initially offered in January to [...]
Wal-Mart offering free shipping to local stores for orders placed online
Retailing giant Wal-Mart Stores has announced that they are now offering free shipping on thousands of items purchased on its Web site for pickup on local stores. They are offering this service at more than 750 of its U.S. stores.
Incidentally, they have been testing this [...]
General Atlantic and Francisco Partners acquiring Aeroflex Inc.
Private equity firms General Atlantic and Francisco Partners are now acquiring Aeroflex Inc. for around $1 billion.
Aeroflex specializes in making microelectronics for the telecommunications, aerospace and defense markets and they have confirmed this deal.
The company added in a statement that its stockholders would receive $13.50 a share in [...]
Time Warner to sell off cinemas in China
US based Media Company Time Warner has confirmed that they are going to sell three of the six cinema halls they operate in China with domestic partners.
These theaters are being sold to local Chinese companies and they are also in talks to offload the rest.
The deal would [...]
Match.com acquires Netclub and eDodo
Online dating service Match.com has announced that they are acquiring two foreign Internet services. These include Netclub in France and the eDodo social networking site in China.
The company already has a subscriber base of around 15 million web users. As per information made available by comScore Media Metrix, they are the [...]
British Airways ordering Boeing planes
British Airways has announced that they are going to purchase four Boeing 777 aircraft, with options for four more. This means that Airbus failed to impress them with their Airbus A330 planes.
British Airways Commercial Director Robert Boyle spoke on this new development: “It was a very close decision between the Boeing [...]
Volvo to take over Nissan Diesel Motor Co. Ltd.
Swedish truck maker Volvo has announced that they are taking over the operations of Nissan Diesel Motor Co. Ltd.
This deal is worth around $1.1 billion and is expected to help Volvo expand their operations in the Asian markets.
Volvo is also expected to gain from the Japanese truck [...]
Deutsche Boerse acquires a stake in Bombay Stock Exchange
Deutsche Boerse has said that they have acquired a 5% stake in India’s Bombay Stock Exchange (BSE). The deal is worth around $910 million.
A BSE spokesperson said that the deal represented “fair value”. In other news, the Singapore Exchange has said that they are still talking [...]
DaimlerChrysler sells off a part of their owned stake in Airbus owner EADS
DaimlerChrysler AG has confirmed in a statement that they have sold off a third of its stake in European Aeronautic Defense & Space Co. (EADS).
EADS is the parent of European aircraft manufacturer Airbus. The company sold off this stake for about 1.5 [...]
Hindalco Industries to acquire Novelis Inc.
India based Hindalco Industries Ltd. has said in a statement that they are acquiring Novelis Inc. through an all-cash deal that values the Canadian company at $3.5 billion.
Hindalco Chairman K.M. Birla added that this deal would help them gain access to new technology and markets. It is also likely to [...]
