Acquisition – Page 2

Bloomberg Buys Business Week

January 12, 2024 By David Krug

In an era where takeovers, and acquisitions are a daily occurrence in the media publishing industry this one comes as no surprise to me, however the buyer is a bit of a surprise to industry insiders.

Bloomberg LP, the global financial data and news empire created by New York City Mayor Michael R. Bloomberg, is the winning bidder for BusinessWeek.

Terms of the offer will not be disclosed by Bloomberg and BusinessWeek parent McGraw-Hill Cos. But knowledgeable sources say that Bloombergâ€™s cash offer is in the $2 million to $5 million range and that it has agreed to assume liabilities, including potential severance payments. It remains to be seen how much of the magazineâ€™s 400-plus staff Bloomberg plans to cut, but reports of a planned scorched earth campaign are overblown, say sources.

Source: Business Week

Originally posted on October 13, 2009 @ 5:27 pm

Nokia acquires Dopplr mobile travel service

January 12, 2024 By Andy Merrett

Nokia has announced another acquisition in its push to deploy useful mobile services for its cellphone users.

Dopplr is a service that allows travellers to share their personal and business travel plans privately with selected networks, as well as gleaning information about good places to stay, eat and explore in various worldwide cities.

Though the press announcement is shortened to-the-point, this is no doubt a useful service that could tie in well with other services such as Maps, Plazes and Navteq.

Nokia insists that the current experience for Dopplr users won’t change. I expect there’ll be some interesting ongoing development to get Dopplr functionality into Nokia phone software. It could see the expansion of the seven-strong London/Helsinki-based company.

Originally posted on September 28, 2009 @ 8:31 am

Official: T-Mobile and Orange plan to merge, forming UK’s largest mobile operator

January 12, 2024 By Andy Merrett

The speculation is over as two of the UK’s mobile phone network operators have announced their intention to merge.

If the application from T-Mobile and Orange is approved, it would make the combined company the largest operator in the UK, with a 37% market share, propelling it past O2.

The deal is due to be completed by November, with the two companies unsurprisingly speaking of the “substantial benefits to UK customers” the merger would bring.

The proposal has to get past competition regulators first. [Read more…]

Originally posted on September 8, 2009 @ 6:53 am

9rules sells up to Splashpress Media

January 12, 2024 By Andy Merrett

In a post titled 9rules welcomes its new overlords, Paul Scrivens has announced that the network has been sold to Splashpress Media (owner of 901am):

Over the past couple of months the Triad has been considering what to do with 9rules. If you have followed us over the years you know that we have no problems making big changes to our site and community with the chance of making it better. However, we came to the point where the ideas stopped flowing and we were stuck.

…we have decided to reach out to a company that knows a thing or two about blogs and could bring in a fresh new team of talent to take 9rules even further. Enter Splashpress Media. Why Splashpress? Because not only do they have the people that have a passion for publishing online content, but they also have the resources to make things happen without being too large as to forget the core of what makes 9rules special, the community.

[Read more…]

Originally posted on August 27, 2009 @ 7:22 am