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Telefonica confirms talks to acquire E-Plus from KPN
2013-07-22 20:13:00| Telecompaper Headlines
(Telecompaper) Telefonica Deutschland has confirms market rumours regarding negotiations on a possible acquisition of KPN's German mobile operator E-Plus from KPN. KPN would only confirm that is in talks with an unnamed party. Details of a potential transaction are still being negotiated. The confirmation follows a report in the Financial Times citing two people close the negotiations. Those people claim that Telefonica will end up with a stake of more than 50 per cent in the combined entity, two of the people said. The deal is said to have the backing of Carlos Slim, KPN's largest shareholder, one of the people said. The transaction may be financed partly in equity and cash with Telefonica paying about EUR 6 billion, creating an enterprise value of around EUR 16 billion.
Tags: talks
acquire
confirms
telefonica
Chinese minister confirms carbon tax is on its way
2013-07-22 13:40:00| Climate Ark Climate Change & Global Warming Newsfeed
BusinessGreen: China's strategy for combating climate change will at some point include a tax on greenhouse gas emissions, according to the country's finance minister. Lou Jiwei told delegates at China-US Strategic and Economic Dialogue last week that China would expand environmental taxes to include carbon "in due time", according to news agency Thomson Reuters Point Carbon. The annoucement follows the publication of a document earlier this year by the Ministry of Finance detailing a new tax regime designed...
Tags: way
tax
chinese
minister
Qihoo confirms talks to buy Sogou search business
2013-07-22 09:15:00| Telecompaper Headlines
(Telecompaper) Qihoo 360 Technology has confirmed it is in early talks with Sohu.com to buy its Sogou search engine, a deal estimated to be worth up to USD 1.4 billion. The deal would strengthen Qihoo's position on the search market, where it already ranks second after Baidu with a 15 percent market share. Qihoo stressed that the negotiations are still preliminary. "Right now we're not in the pricing stage yet. We're still trying to figure out a way whether we can get this piece of asset and fully integrate it," said Alex Xu, the company's co-chief financial officer, in a telephone interview with Reuters. Any deal would be mostly funded with Qihoo equity with a smaller portion funded by cash, he added. Analysts have estimated Sogou's search engine business could be worth USD 1.2-1.4 billion.
Tags: search
business
buy
talks
CDC confirms Rocky Mountin Spotted Fever death in N.C.
2013-07-22 07:42:45| Biotech - Topix.net
The N.C. Department of Health and Human Services announced today that the Centers for Disease Control and Prevention has confirmed a Buncombe County child's death in early June was the result of Rocky Mountain spotted fever .
KPN confirms E-Plus sale talks
2013-07-22 02:00:00| Total Telecom industry news
Dutch incumbent widely reported to be working on a deal with Telefonica that would create a merged German mobile operator worth 16 billion.
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