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Avast to acquire AVG for USD 1.3 billion
2016-07-07 10:14:00| Telecompaper Headlines
(Telecompaper) The security software providers Avast and AVG Technologies have agreed to merge. The deal will see Avast make an offer for AVG shares at USD 25 per share in cash, for a total consideration of USD 1.3 billion. Both companies were founded in the Czech Republic and have expanded internationally to cover a wide range of security applications. The merger will offer them more scale to build on the international growth and new opportunities such as the IoT. Together the two companies' products secure over 400 million endpoints, including 160 million mobile devices.
Petrocapita to acquire Palliser Oil and Gas assets
2016-07-07 01:00:00| Hydrocarbons Technology
Canadian-based Petrocapita Income Trust has signed an agreement to acquire the assets of Palliser Oil and Gas from FTI Consulting.
France's Iliad agrees to acquire Wind, 3 Italia assets
2016-07-06 08:35:00| Telecompaper Headlines
(Telecompaper) French telecom group Iliad has signed an agreement to create a fourth Italian mobile operator by acquiring the frequencies and infrastructure assets freed up by Wind and 3 Italia, the local subsidiaries of VimpelCom and CK Hutchison, if they gain antitrust approval to merge. Iliad confirmed that its majority shareholder Xavier Niel does not hold any stake in the voting rights or capital of Telecom Italia and that he would sell his options in that company "in the next few weeks". Iliad was keen to stress that the remedy agreement is subject to European Commission approval as well as to the EC's approval of the Wind and 3 Italia merger, which is due on 08 September. The EC needs to decide whether Iliad can compete effectively with Telecom Italia, Vodafone Italia and the combined Wind-3 Italia.
Tags: italia
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Honeywell Will Acquire Intelligrated
2016-07-06 05:56:00| Chemical Processing
Intelligrated will join Sensing and Productivity Solutions (S&PS) in Honeywells Automation and Controls Solutions business.
Iliad agrees to acquire Italy assets
2016-07-06 02:00:00| Total Telecom industry news
French telco takes 'unique opportunity' to enter Italy as Hutchison, VimpelCom seek to win over European regulators for mobile merger.
Tags: italy
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