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Vivendi considering takeover bid for Sky - report
2015-04-08 09:13:00| Telecompaper Headlines
(Telecompaper) French media conglomerate Vivendi is looking at a potential acquisition of European pay-TV group Sky as one of several options to increase the reach of its Canal Plus pay-TV subsidiary, three people familiar with the matter told Reuters. Vivendi started looking at Sky after reviewing smaller pay-TV targets in Turkey and other European markets. Deliberations are at an early stage and Vivendi has not decided whether to make an offer. Sky, which has operations in the UK, Ireland, Germany, Austria and Italy, has a market value of GBP 17.6 billion, but could cost up to GBP 28 billion, including a 25 percent share-price premium and GBP 6.3 billion of debt. Vivendi will have an estimated EUR 15 billion of cash after it closes the pending disposal of telecom subsidiaries. It had EUR 4.6 billion of net cash at the end of last year. None of the companies mentioned would comment on the matter.
FedEx Pops on TNT Bid; Stocks Gain as Job Openings Hit 14-yr High
2015-04-08 07:45:43| Air Courier - Topix.net
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Union shelves bid to represent flight attendants at Delta
2015-04-07 00:29:38| Airlines - Topix.net
The machinists' union has dropped an election among Delta Air Lines flight attendants after questions were raised about support cards submitted by the union. The union's decision is a reprieve for Delta, which has the lowest percentage of union workers of any leading U.S. airline.
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MTA recruiting LI women- and minority-owned firms to bid on contracts
2015-04-06 15:24:49| Railroads - Topix.net
Cathy Leo, left, co-owner and president of Vinmar Precision Metals and her husband, Anthony Leo, co-owner and vice president, are shown in the company's metal fabricating shop in Copiague on Wednesday, April 1, 2015. Under a new initiative by the MTA, companies like Vinmar Precision Metals will be able to bid as prime or sub-prime contractors for opportunities with the MTA.
PCCW Won't Bid for Dailymotion Stake
2015-04-06 15:01:40| Telecom - Topix.net
PCCW Ltd. said Monday it withdrew from discussions to purchase a stake in video-streaming site Dailymotion from Orange SA after the French economy minister spoke out in opposition to the bid from the Hong Kong-based telecommunication company. "[A]n environment where policies appear to favour a French or European solution is discouraging for international business participation," PCCW said in a statement.
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