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Deutsche Telekom seeks breakup fee of more than $1 billion on T-Mobile-Sprint deal - WSJ

2014-05-10 08:12:32| Telecom - Topix.net

The company also wants T-mobile's brand and some of its management team to be retained after a merger, the Journal cited the sources as saying.

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Apple acquires Beats for $3.2 billion, confirms Dr. Dre

2014-05-09 17:35:34| Extremetech

In a rather adventurous move, Apple appears to have acquired Beats Electronics for $3.2 billion - the company co-founded by Dr. Dre in 2008 that in just six short years has sewn up the entire high-end consumer headphones market. In January, Beats also launched Beats Music, a streaming music service that's similar to Spotify. At this point, you are probably wondering the same question as me: Why? Why did Apple acquire Beats? Let's try and work it out.

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Apple set to buy Beats for USD 3.2 billion - report

2014-05-09 08:46:00| Telecompaper Headlines

(Telecompaper) Apple is in advanced talks to acquire headphone maker and music streaming operator Beats Electronics for USD 3.2 billion, Apple's largest purchase to date, people familiar with the matter told the Financial Times. The deal could be announced as early as the week of 12 May, but some details have still not been agreed and the talks could still break down. Apple is expected to buy Beats' streaming service and its audio equipment business, with Beats' management team reporting to Apple CEO Tim Cook. Beats holds a leading position in the market for premium headphones, but its real value to Apple is its potential to revitalise Apple's coolness factor as iTunes' popularity has waned and the iPhone brand has been hit hard by Samsung marketing campaigns. Apple is paying a high premium, as Beats was valued at over USD 1 billion when it secured a USD 500 million investment from Carlyle last September. Neither Apple nor Beats would comment on the matter.

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Omnicom, Publicis call off proposed $35 billion merger

2014-05-09 05:48:22| Food - Topix.net

The proposed $35 billion merger between U.S.-based Omnicom Group Inc and French rival Publicis Groupe SA has been called off as the challenges in forming the world's largest advertising agency proved too immense for the partners.

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Armenian jewelry industry's output shrinks 38% to AMD 3.1 billion in Jan-March 2014

2014-05-08 17:42:27| Jewelry - Topix.net

YEREVAN, May 8. /ARKA/. Armenian jewelry industry's output amounted to AMD 3.099 billion in Jan-March 2014 38% year-on-year decline, the National Statistical Service reports.

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