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Posts Tagged ‘merger’

  • Takealot

    South Africa: Kalahari-takealot merger gets the green light

    January 6, 2015 • Online & Social, Southern Africa, Top StoriesComments Off on South Africa: Kalahari-takealot merger gets the green light

    The competition authority has revealed the approval of the merger application of takealot.com and Kalahari.com, two of South Africa’s ecommerce players, on the 5th of January 2015. According to the authority, the online retail merger becomes effective on 01...

  • Takealot

    Takealot and Kalahari set to merge

    October 7, 2014 • Company News, Southern Africa, Top StoriesComments Off on Takealot and Kalahari set to merge

    Kalahari.com and Takealot have released a statement that reveals that both parties will be merging their operations. According to both parties, the move has been made in order to compete against the likes of online portals such as Amazon and Alibaba. The...

  • BCX CEO, Benjamin Mophatlane

    Telkom makes R2.7bn cash offer for 100% of Business Connexion

    May 22, 2014 • Top StoriesComments Off on Telkom makes R2.7bn cash offer for 100% of Business Connexion

    Telkom SA SOC (Telkom), South Africa’s listed full service ICT provider, today announced that it has made an offer by entering into an agreement with Business Connexion Group (BCX) in terms of which Telkom will acquire 100% of BCX. BCX is a listed company...

  • Neotel Office Building

    Neotel, Vodacom CEOs comment on R7billion acquisition

    May 19, 2014 • Mobile and Telecoms, Top StoriesComments Off on Neotel, Vodacom CEOs comment on R7billion acquisition

    Last year, it was revealed that Neotel and Vodacom were entering into exclusive talks for a due diligence. Today, Neotel and Vodacom SA have announced that they have favourably concluded an agreement on the commercial structure and terms to proceed for...

  • Shaun Barendsen, HDS General Manager for sub-Saharan Africa

    HDS on new SSA growth path following Shoden Data Systems integration

    March 14, 2014 • Company NewsComments Off on HDS on new SSA growth path following Shoden Data Systems integration

    Hitachi Data Systems (HDS) is embarking on an aggressive growth strategy across sub-Saharan Africa, following the full integration of Shoden Data Systems into Hitachi Data Systems Corporation. Shoden was acquired by Hitachi Data Systems Corporation in...

  • Egypt telecom merger with Russian carrier approved

    March 18, 2011 • Mobile and TelecomsComments (1)

    A merger that appeared headed for the dumpster was approved on Thursday in the Netherlands by VimpelCom shareholders. The move means Egypt’s Orascom Telecom is set to merge with the Russian carrier’s  eastern European operations, adding to the vast...

  • MTN Business acquires 100% of UUNET Zambia

    November 1, 2010 • Mobile and Telecoms, Top StoriesComments (1)

    MTN Business today celebrates the integration of UUNET Zambia into its stable-house in a move set to improve the competitiveness of Zambia’s businesses sector through offering them world-class telecommunications solutions. The integration, which follows...

  • Etisalat bids $10.5bn for 46% stake in Zain

    October 4, 2010 • Mobile and Telecoms, Top StoriesComments Off on Etisalat bids $10.5bn for 46% stake in Zain

    Middle Eastern telecom giant Etisalat, has put in a preliminary conditional offer of $10bln for a 46% stake in rival, Zain. Etisalat already operates in 18 countries while Zain only operates in eight countries after selling majority of its African operations...

  • France Telecom acquires 40% Medi Telecom stake

    September 22, 2010 • Mobile and Telecoms, Top StoriesComments Off on France Telecom acquires 40% Medi Telecom stake

    MOROCCO’S second largest telecommunications operator, Medi Telecom has sold 40% of its shares to France Telecom for US$840 million, a senior officials has announced. France Telecom Chief Executive, Stephane Richard, said the acquisition of Medi Telecom...

  • HP expands security portfolio with ArcSight acquisition

    September 13, 2010 • Top StoriesComments Off on HP expands security portfolio with ArcSight acquisition

    HP and ArcSight today announced that they have signed a definitive agreement for HP to acquire ArcSight, a leading security and compliance management company, for $43.50 per share, or an enterprise value of $1.5 billion. The combination of HP and ArcSight...

  • HP to acquire 3PAR for $2.35 billion

    September 3, 2010 • Top StoriesComments Off on HP to acquire 3PAR for $2.35 billion

    HP and 3PAR today announced that they have entered into a definitive agreement under which HP will purchase 3PAR, a leading global provider of utility storage, through a cash tender offer of $33 per share in cash, or an enterprise value of $2.35 billion. The...

  • HP Proposes to Acquire 3PAR for $24 per Share in Cash

    August 27, 2010 • Top StoriesComments Off on HP Proposes to Acquire 3PAR for $24 per Share in Cash

    HP recently announced that it has submitted to 3PAR Inc. a proposal to acquire all of the outstanding shares of 3PAR for $24.00 per share in cash, or an enterprise value of $1.6 billion. The proposed transaction represents a 33.3 percent premium above the...

  • Symantec completes acquisition of VeriSign’s security business

    August 11, 2010 • Security, Top StoriesComments Off on Symantec completes acquisition of VeriSign’s security business

    Symantec has announced it has completed its acquisition of VeriSign’s identity and authentication business, which includes the Secure Sockets Layer (SSL) and Code Signing Certificate Services, the Managed Public Key Infrastructure (MPKI) Services, the...

  • India’s Reliance considers MTN merger

    June 3, 2010 • Mobile and Telecoms, Top StoriesComments Off on India’s Reliance considers MTN merger

    Reliance Communications Ltd. is considering a merger with South Africa’s MTN Group Ltd. or an infusion of fresh equity from a strategic foreign investor. Unconfirmed reports from Moneycontrol.com revealed that Anil Ambani from Reliance will be visiting...

  • SAP acquires Sybase for $6 billion

    May 13, 2010 • Top StoriesComments Off on SAP acquires Sybase for $6 billion

    In a bid to compete with arch-rival Oracle, SAP has agreed to acquire business software maker, Sybase for $6 billion dollars. This deal is slightly less than SAP’s 1998 takeover of Business Objects for $6.8 billion. In terms of the Sybase deal, SAP will...

  • No stance on Bharti-MTN deal: South African govt.

    September 2, 2009 • Mobile and TelecomsComments Off on No stance on Bharti-MTN deal: South African govt.

    The South African Department of Communications released a statement today saying it has not taken any stance on the proposed Bharti-MTN merger deal as talks between the companies are still going on...

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