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Chinese group-buy startups Meituan, Dianping ink merger deal
2015-10-08 08:50:00| Telecompaper Headlines
(Telecompaper) Chinese group-buy startups Meituan.com and Dianping.com, separately backed by Alibaba Group and Tencent respectively, have signed a merger agreement, Bloomberg reported, adding that the two will now pool resources and cease their margin-eroding price war. Under the agreement, Meituan CEO Wang Xing and Dianping CEO Zhang Tao will run the new company as co-chairmen and co-CEOs. The deal creates a dominant player in China's online-to-offline services market, as consumers increasingly use smartphones and tablets to book everything from hotel rooms to car rides to grocery deliveries. The alliance will have as competitor search company Baidu, which is investing USD 3.2 billion over three years on its own provider of local services.
Four is the magic number for Ofcom CEO, raising fears for O2/3 deal
2015-10-08 02:00:00| Total Telecom industry news
Sharon White echoes Commissioner Vestager's comments on need for four mobile network operators in any EU market.
Probes Reporter Sees 'Real Danger' In Alcoa's RTI Deal
2015-10-08 00:15:45| Industrial Machines - Topix.net
According to the report, investors should be more skeptical about Alcoa's recent acquisition of RTI International Metals, Inc. because, while management will probably emphasize the "post-deal happy talk," looking deeper will bring some problems to light. About a month ago, the SEC confirmed enforcement proceedings at RTI remained ongoing.
Tags: real
deal
reporter
danger
Clinton opposes Pacific trade deal
2015-10-07 23:59:26| BBC News | Business | UK Edition
US presidential hopeful Hillary Clinton has come out against the Trans-Pacific Partnership agreement championed by Barack Obama.
Tags: trade
deal
pacific
clinton
C.H. Robinson Inks Deal to Lease New Building at Former Gutmann Leather Site
2015-10-07 21:20:53| Logistics - Topix.net
Developer Sterling Bay has landed its first major commercial tenant for its growing portfolio of recently acquired industrial property in Lincoln Park. Crain's reports that logistics giant C.H. Robinson Worldwide has inked a deal with Sterling Bay to lease a new office building that will take the place of the former Gutmann Leather Company site off Webster Avenue.
Tags: site
building
deal
leather
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