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Deutsche Telekom targets Sprint

Article Abstract:

Sources close to Sprint have reported that German telecommunications behemoth Deutsche Telekom will negotiate to acquire the US company, which is the nation's third-largest long distance carrier. Deutsche Telekom already owns a 10% equity interest in Sprint, and its full acquisition of the US telecommunications service provider would cost over $120 billion. The possibility of a mega-trans-Atlantic merger comes after European and US regulators effectively derailed WorldCom's proposed $115-billion takeover of Sprint during the week of Jun 26, 2000. WorldCom and Sprint are both expected to officially announce a formal termination of their proposed deal on Jul 3, 2000, paving the way for Sprint to negotiate in earnest with Deutsche Telekom.

Acquisitions & mergers, Germany, Broadcasting and Telecommunications, Communications, United Telephone Company of Ohio

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Consumers win as AOL-Microsoft deal falls apart

Article Abstract:

Internet users are expected to have more choices and lower online costs after Microsoft and America Online (AOL) failed to forge an alliance. Talks collapsed after AOL refused to give in to Microsoft's demand to have the RealPlayer software eliminated in favor of the latter's Windows Media Player. AOL also balked at other demands put forth by Microsoft, including control over rival software used by AOL; compatibility with the two firm's instant messaging software; and a not-to-sue covenant from AOL.

Prepackaged software, Software Publishers, Systems Software Pkgs (Micro), Telegraph & other communications, Alliances, partnerships, Microsoft Corp., Internet service providers, Operating systems (Software), Brief Article, America Online Inc., AOL, Abstract, MSFT

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K.C. Southern board OKs Janus spinoff

Article Abstract:

Kansas City Southern Industries Inc will proceed with plans to spin off its Janus mutual fund management unit. The company, which made the announcement on Jun 15, 2000, is in the process of spinning off all of its financial subsidiaries. Kansas City, which has received the approval of the US Securities and Exchnage Commission, will incorporate Janus into Stilwell Financial. The publicly traded firm will begin operations on Jul 26, 2000.

Mutual Fund Mgmt Companies, Portfolio Management, Mutual funds, Kansas City Southern

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