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EC clears Syniverse's acquisition of Mach with conditions
2013-05-30 12:38:00| Telecompaper Headlines
(Telecompaper) The European Commission has approved the USD 550 million proposed acquisition of Luxembourg-based roaming data clearing house Mach by US counterpart Syniverse, subject to conditions. Syniverse will have to sell Mach's data clearing (DC) services and near trade roaming data exchange (NTRDE) services in the EEA. Syniverse and March are the two largest providers of these services in the EEA and globally.
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conditions
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mach
Cisco challenges Microsoft's Skype acquisition in EU court
2013-05-30 10:07:00| Telecompaper Headlines
(Telecompaper) Cisco and Italian VoIP provider Messagenet have challenged the European Commission's 2011 approval of Microsoft's USD 8.5 billion acquisition of Skype, saying the EC should not have allowed the creation of a monopoly, Reuters reports. Cisco's attorney, Luis Ortiz Blanco, told judges that the takeover "marked a tipping point in the video communications market". The plaintiffs are arguing that the EC should have forced Microsoft to make concessions for the deal to be approved. Microsoft said in March that it one-third of the world's voice calls are on Skype and over 280 million people use the service for more than 100 minutes each month. EC lawyer Corneliu Hoedlmayr pointed to Skype rivals such as Google Talk and Viber as evidence that there is no competitive harm, adding that emerging technologies "could render Skype a relic". The court is due to give its verdict in the coming months.
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skype
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acquisition
Europe approves McCain Foods' acquisition of PinguinLutosa's potato unit
2013-05-30 01:00:00| Food Processing Technology
Canada-based frozen food company McCain Foods' 225m deal to acquire the potato unit of Belgian frozen vegetables producer PinguinLutosa Food has received approval from the European Commission (EC), bringing the company a step closer to completing th
Tags: europe
unit
acquisition
foods
Facebook, Waze reportedly call off acquisition deal
2013-05-29 16:32:31| CNET News.com
A possible deal between the two companies fell apart over at least one key detail, according to AllThingsD. [Read more]
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deal
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facebook
GSK boosts vaccines with 250 million euros Okairos acquisition
2013-05-29 14:39:13| Biotech - Topix.net
Our day's top images, in-depth photo essays and offbeat slices of life. See the best of Reuters photography.
Tags: million
euros
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vaccines
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