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Telefonica confirms talks to acquire E-Plus from KPN
2013-07-22 20:13:00| Telecompaper Headlines
(Telecompaper) Telefonica Deutschland has confirms market rumours regarding negotiations on a possible acquisition of KPN's German mobile operator E-Plus from KPN. KPN would only confirm that is in talks with an unnamed party. Details of a potential transaction are still being negotiated. The confirmation follows a report in the Financial Times citing two people close the negotiations. Those people claim that Telefonica will end up with a stake of more than 50 per cent in the combined entity, two of the people said. The deal is said to have the backing of Carlos Slim, KPN's largest shareholder, one of the people said. The transaction may be financed partly in equity and cash with Telefonica paying about EUR 6 billion, creating an enterprise value of around EUR 16 billion.
Tags: talks
acquire
confirms
telefonica
GLOBAL: Drinks health rules a Europe priority in EU-US trade talks
2013-07-22 18:38:21| Daily beverage news and comment - from just-drinks.com
The European Commission is targeting a renewed food and drinks health agreement with the US that would result in mutual recognition of their respective drinks safety controls.
Tags: health
global
rules
europe
SINGAPORE: Del Monte Pacific denies Suntory takeover talks
2013-07-22 12:36:06| Daily beverage news and comment - from just-drinks.com
Singapore-based Del Monte Pacific has denied it has held discussions over a possible takeover with Japanese firm Suntory.
Tags: del
pacific
singapore
talks
Qihoo confirms talks to buy Sogou search business
2013-07-22 09:15:00| Telecompaper Headlines
(Telecompaper) Qihoo 360 Technology has confirmed it is in early talks with Sohu.com to buy its Sogou search engine, a deal estimated to be worth up to USD 1.4 billion. The deal would strengthen Qihoo's position on the search market, where it already ranks second after Baidu with a 15 percent market share. Qihoo stressed that the negotiations are still preliminary. "Right now we're not in the pricing stage yet. We're still trying to figure out a way whether we can get this piece of asset and fully integrate it," said Alex Xu, the company's co-chief financial officer, in a telephone interview with Reuters. Any deal would be mostly funded with Qihoo equity with a smaller portion funded by cash, he added. Analysts have estimated Sogou's search engine business could be worth USD 1.2-1.4 billion.
Tags: search
business
buy
talks
Russia-US in Talks over Trade Resumption
2013-07-22 02:00:00| ThePigSite - Industry News
RUSSIA & US - Talks are due to take place this evening (Monday 22 July) which could see the on-going row over the safety to US meat products and the use of ractopamine resolved.
Tags: trade
talks
resumption
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