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Tag: bln
UPDATE 2-Sweetened $3.15 bln KKR offer for Treasury raises bidding war prospects
2014-08-04 04:21:25| Beverages - Topix.net
Australia's Treasury Wine Estates is opening its books to Kohlberg Kravis Roberts & Co LP after the private equity giant hiked its takeover offer to $3.15 billion, raising the prospect of a bidding war for the world's No.2 winemaker.
Tags: offer
war
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bidding
BSkyB acquires Sky Deutschland, Sky Italia for GBP 4.9 bln
2014-07-25 08:43:00| Telecompaper Headlines
(Telecompaper) British Sky Broadcasting (BSkyB) has agreed to buy Sky Deutschland and Sky Italia from 21st Century Fox for a total of GBP 4.9 billion cash. The deal creates a new business, already dubbed 'Sky Europe' by the media, that will be the leading pay TV provider in three of Europe's four biggest markets, serving a total of 20 million customers. The news comes two months after the BSkyB said it was in talks with Fox, which is its biggest shareholder as well as the owner of Sky Italia and 57.5 percent of Sky Deutschland. BSkyB will pay for the deal with cash, debt and by a placing of shares that represents around 10 percent of the firm's issued share capital. In total, BSkyB confirmed it would pay GBP 2.45 billion for Sky Italia and GBP 2.9 billion for Fox's majority stake in Sky Deutschland. The payment for Sky Italia will also include BSkyB's stake in the National Geographic Channel, valued at GBP 382 million. In addition to the enhanced growth profile of the business, BSkyB expects to realise GBP 200 million of run-rate cash synergies by the end of the second full financial year after completion, with further additional synergies to come in subsequent periods.
Tags: deutschland
italia
sky
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Google Q2 revenues advance 22% to USD 16 bln
2014-07-18 08:03:00| Telecompaper Headlines
(Telecompaper) Google said second-quarter revenues lifted 22 percent from the year before to USD 15.96 billion. The figure excludes traffic acquisition costs, which reached USD 3.29 billion, or 23 percent of advertising revenues. Sites generated revenues of USD 10.94 billion, up 23 percent from the year before, while Network Revenues went 7 percent higher to USD 3.42 billion. Other revenues represented USD 4.6 billion, up 53 percent. Revenues from outside the US totaled USD 9.33 billion, of 58 percent of total revenues. Revenues from the UK amounted to USD 1.62 billion. Operating profit rose to USD 4.26 billion from 3.47 billion the year before. Net profit increased to USD 3.42 billion or USD 4.99 per share, from 3.23 billion or 4.77 per share. Motorola's results were recorded as discontinued operations, pending the sale of the handset business to Lenovo. Motorola contributed a net loss of USD 198 million for the quarter. Operating cash flow amounted to USD 5.63 billion, compared to 4.71 billion the year earlier. Free cash flow reached USD 2.98 billion. Capex went to USD 2.65 billion, mainly for data-centre construction, real estate purchases, and production equipment. The company said it expects to continue making significant capital expenditures. At the end of June, Google had USD 61.20 billion in cash, cash equivalents, and marketable securities, compared to 58.72 at end December.
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REFILE-Posco, Chongqing Iron & Steel group sign agreement for $3.3 bln investment
2014-07-07 10:52:16| Steel - Topix.net
South Korean steelmaker Posco and the parent group of China's Chongqing Iron & Steel Co.
Tags: sign
group
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investment
Posco, Chongqing Iron & Steel sign agreement for $3.3 bln investment
2014-07-04 08:24:30| Steel - Topix.net
South Korean steelmaker Posco and China's Chongqing Iron & Steel Co. have signed a memorandum of understanding for a $3.3 billion investment, South Korea's trade ministry said on Friday.
Tags: sign
agreement
investment
steel
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