No renegotiation of Standard Life merger, says Martin Gilbert

Aberdeen Asset Management chief executive Martin Gilbert speaks to Ian King about his company’s better than expected financial results, and says he sees no reason to renegotiate the terms of his firm’s merger with Standard Life. SUBSCRIBE to our YouTube channel for more videos: http://www.youtube.com/skynews Follow us on Twitter: https://twitter.com/skynews and https://twitter.com/skynewsbreak Like us on … Read more No renegotiation of Standard Life merger, says Martin Gilbert

Electrolux to Acquire GE Appliances for $3.3 Billion

AB Electrolux is set to acquire the appliances business of General Electric for $3.3 billion in cash. GE Appliances is a manufacturer of kitchen and laundry products in the United States. Keith McLoughlin, President and CEO of Electrolux commented on the purchase: “GE’s premium, high-quality appliances complement our own iconic brands and will enhance our … Read more Electrolux to Acquire GE Appliances for $3.3 Billion

Pfizer Makes Final Cash and Shares Offer to AstraZeneca Shareholders

Pfizer have made a final offer to shareholders of AstraZeneca in a move which will proclude any further offers. Under the terms of the final proposal AstraZeneca shareholders would receive, for each AstraZeneca share, 1.747 shares in the combined entity and 2,476 pence in cash, representing an indicative value of £55.00 ($92.53) per share. Under the … Read more Pfizer Makes Final Cash and Shares Offer to AstraZeneca Shareholders

Pfizer Prices $4.5 Billion Debt Offering

Pfizer Inc. (NYSE:PFE) has announced the pricing of a debt offering totalling $4.5 billion shortly before also announcing that an offer for AstraZeneca plc would represent “compelling shareholder value” for its members. However, in the same statement Pfizer also stated it remained “disappointed at the lack of engagement by the AstraZeneca Board”. Pfizer has said that combining … Read more Pfizer Prices $4.5 Billion Debt Offering

Campbell Move into Chinese Sweet Biscuit Market

Campbell have entered into an agreement to acquire Kelsen Group A/S – a Danish company who have supplied butter cookies to the Chinese market for over twenty years. The primary sweet biscuit brands of the Kelsen Group include Kjeldsens and Royal Dansk. Kelsen exports the biscuits to over 85 countries. In 2012, Kelsen had net … Read more Campbell Move into Chinese Sweet Biscuit Market

Anderson Withdraw Bid for Books-A-Million

The Anderson family has withdrawn a non-binding bid for major book retailer Books-A-Million. The Andersons had been considering an offer for all outstanding publicly-held shares of the common stock of the NASDAQ listed company for $3.05 per share. Books-A-Million has 257 stores in 34 regions of the USA and trades under names including Books-A-Million (BAM!), … Read more Anderson Withdraw Bid for Books-A-Million

Rakuten to Acquire Kobo for US $315 million

Rakuten has move into the eReader marketplace with the announcement that it will acquire the Canadian spin-out company, Kobo for $315 million in cash. The Toronto based headquarters, management team and employees of Kobo will remain in place as part of the deal. Once part of the book, toy and gift retailer, Indigo, Kobo has … Read more Rakuten to Acquire Kobo for US $315 million

Google Announces Acquisition of Motorola, Attacks Microsoft and Apple

US markets bounced on the news on Monday 15th August 2011 that Google is to acquire Motorola Mobility. Larry Page, CEO of Google, outlined how the complete adoption of Google’s Android software across the entire Motorola range in 2008 had made the two companies a natural fit. Google defended the acquisition as a positive note … Read more Google Announces Acquisition of Motorola, Attacks Microsoft and Apple

Glu Mobile Inc. Acquires Griptonite Games and Blammo Games

Glu Mobile Inc. has acquired Griptonite Games and Blammo Games to augment its offerings of social games for handheld devices such as smartphones and tablets. The company has 200 employees and is based in Kirkland, Washington. The deal will provide the game developer with art and development support from Griptonite’s base in Hyderabad, India. Blammo … Read more Glu Mobile Inc. Acquires Griptonite Games and Blammo Games

GE Capital Acquires Credit Agricole Commercial Finance UK

GE Capital has acquired Credit Agricole Commercial Finance UK – formerly known as Eurofactor UK Ltd. The accounts receivable financing business lent over £3 billion through invoice financing to UK companies in 2010 and will increase the lending capacity of the receivables finance branch of GE Capital by 60%. GE Capital is already an established … Read more GE Capital Acquires Credit Agricole Commercial Finance UK

Electronic Arts to Buy PopCap Games for $750 Million

EA has moved to acquire PopCap Games, which includes the popular games Plants vs. Zombies, Bejeweled and Zuma. The workers at the studio and the intellectual property owned by the company will become part of EA’s “drive towards a $1 billion digital business” – according to Electronic Arts CEO John Riccitiello. PopCap Games was founded … Read more Electronic Arts to Buy PopCap Games for $750 Million

US Olympic Team to Receive Funds from Nutrition Bar Sales

PR*Bar has signed a licensing agreement with the United States Olympic Committee to create a line of Team USA nutrition bars. Some of the profit from the sales of the sports bars will go towards the training of U.S. Olympic and Paralympic athletes. The agreement will run until June 2017. The bars will become available in … Read more US Olympic Team to Receive Funds from Nutrition Bar Sales

Microsoft’s $8.5 Billion Purchase of Skype “a ringing endorsement of the communications services market”

Devita Saraf, the CEO of Vu TelePresence, has branded the $8.5 billion acquisition of Skype by Microsoft “a ringing endorsement of the communications services market”: “This acquisition as well as Cisco’s recent shift towards the SMB category, reinforces our long held view that there is significant opportunity in the small business space.” The comments reflect … Read more Microsoft’s $8.5 Billion Purchase of Skype “a ringing endorsement of the communications services market”

EA Strengthens Mobile Games Business with Firemint Purchase

Electronic Arts, Inc. has strengthened its business in mobile gaming with the acquisition of Firemint due to complete within four weeks. Barry Cottle, Executive Vice President and General Manger of EA Interactive, commented: “The Firemint team is remarkable for its critical and commercial success. Having them as part of EAi will accelerate our position as … Read more EA Strengthens Mobile Games Business with Firemint Purchase

Business: Yahoo Buys IntoNow

Yahoo Inc. has bought IntoNow an iPhone application which deepens the social experience connecting audiences with television programmes. It is integrated with Facebook, Twitter, iTunes and Netflix and allows users to talk about the televisions programmes that they are watching. The app senses which television programme is being watched by “listening” to audio waves. The … Read more Business: Yahoo Buys IntoNow