UK: KNUTSFORD SHELVES RETAIL PLAN

Article Abstract:

Knutsford has had to shelve plans for a major acquisition in the retail market after Archie Norman's elevation to the front bench of the opposition Conservative Party. The UK-based acquisition vehicle's chairman, Nigel Wray, revealed on 20 March 2000 that the business will examine the e-commerce market instead, revealing that a business with major Internet potential rather than a so-called dot.com operation would be the preferred target. Tow opportunities valued at GB[pound] 50mn to GB[pound] 100mn apiece are under examination. Mr Norman was the chairman of UK-based supermarket chain, Asda, and his knowledge was regarded as crucial to Knutsford's efforts in the retail market.

Asset sales & divestitures, Food Stores, Food and Beverage Stores, Food industry, Grocery industry, Grocery stores, Knutsford

---

EU: PROBE FOR AOL AND TIME WARNER DEAL

Article Abstract:

America Online's (AOL) integration with Time Warner will be the focus of a four-month probe by the European Commission (EC). The European Union's anti-trust watchdog will examine the vertical integration of online services at AOL with the content side of fellow US-based group, Time Warner. The situation is made more complex by an agreement between Bertelsmann and AOL.

United States, Acquisitions & mergers, Government regulation (cont), European Union, Internet service providers, Time Warner Inc., America Online Inc., AOL

---

Vivendi embraces online challenge with MP3 buy

Article Abstract:

Vivendi Universal's $372 million purchase of online music site MP3.com is discussed. This deal will bring Vivendi into direct conflict with MusicNet, created by AOL-Time Warner, Real Time Networks, EMI and Bertelsmann.

Vivendi S.A., CNET Networks Entertainment. MP3.com

Similar abstracts:

• Abstracts: UK: BANKS DRAG THEIR FEET OVER WEB BILL PAYING. UK: Y2K BONUS FOR LLOYDS ATM WORKERS
• Abstracts: UK: BOO.COM RETURNS AS A RETAIL E-PORTAL. UK: REVIVAL FOR BOO.COM. UK: BOO.COM REVEALS JOB CUTS
• Abstracts: EU: POSSIBLE AGREEMENT OVER SAVINGS TAX PLAN. EU: AGREEMENT OVER TAX EVASION SYSTEM
• Abstracts: US: FIBRE OPTIC FIRMS LINK UP. EUROPE: TELIA AND COLT STRIKE AGREEMENT. ITALY/GERMANY: POSSIBLE ASSET SALE BY VODAFONE
• Abstracts: UK: GOLDSHIELD TO MOVE INTO N.AMERICAN MARKET. SmithKline Beecham set for record 77bn pounds sterling merger with US pharmaceuticals giant

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.