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...Easynet for $367 million. Deutsche Telekom is trying to buy back the outstanding shares of T-Online, the Internet services arm it spun off at the height of the dotcom boom. And Italy's Tiscali and Fastweb are reported to be seeking investors to help them take on Telecom Italia in that country's race for triple-play market share. The wave of wheeling and dealing clearly has risks. NTL, for example, is still hashing out the terms of its $6.6 billion merger with broadband firm Telewest - so how can it now absorb another major company so quickly? And anyone...
...subscribers and advertisers, France's two leading pay-TV satellite channels agreed to merge. The CanalSat-TPS deal would create a broadcasting giant in France worth at least $7 billion. That's modest compared with the year's biggest deals: the $28 billion acquisition last June by Telecom Italia of the 44% stake in mobile phone company Telecom Italia Mobile it didn't already own, and the $22 billion purchase by Italian bank UniCredito of Germany's Bayerische HypoVereinsbank. Other major deals included Pernod Ricard's acquisition of British drinks firm Allied Domecq, and a continuing three-way fight...
...Boynton, 37, should be out working too. But he is perched in the wheelhouse of his 50-ft. Sissel B, entertaining his six-year-old son Lars. Sam LoGrasso's boat, the 71-ft. Italia, sits at its dock while he, just as idle, soaks up the warm summer sun outside the St. Peter's Club...
Italian Prime Minister Silvo Berlusconi and Rupert Murdoch were always considered friendly rivals. They have even spent time together at Berlusconi's Sardinian villa. But the competition may be heating up. The Mediaset TV network, owned by the Berlusconi family, is taking direct aim at Murdoch's Sky Italia with an innovative attempt at poaching lucrative soccer viewers. As the world's first free TV network to offer pay-per-view sporting events, Mediaset surprised Murdoch & Co., whose satellite rights until recently meant an exclusive on top-flight matches. "We bought the whole cake, which has now become just...
...Americans to know that the Dutch giant owns such brands as Norelco (shavers), Sonicare (toothbrushes) and Senseo (coffee makers). "Branding is a priority for this company," says the Italian-born Andrea Ragnetti, 45, who also serves as Philips' first marketing officer ever and has worked in marketing for Telecom Italia and Procter & Gamble. His experience will come in handy. At the top of his agenda: a $13 million ad campaign in the U.S. --By Dody Tsiantar