United Group acquires more Forthnet shares
20 Nov 2020United Group has announced the acquisition of further shares in Greek telco and pay-TV provider Forthnet, raising its stake to 79.52%. Following on from a move earlier this week to buy a 9.63% share from GO of Malta for EUR3.23 million (USD3.8 million), United Group has now concluded deals to acquire the 14.1% stake held by Wind Hellas, plus a combined interest of 22.6% which was held by a group of four Greek banks.© 2002-2020 PriMetrica, Inc. All Rights Reserved.Provided by SyndiGate Media Inc.
Cowboys Trade Everson Griffen To The Lions
Last week, it was announced that that the Dallas Cowboys traded former Minnesota Viking and offseason acquisition Everson Griffen to the Detroit Lions for a conditional sixth-round pick.Griffen was a four-time pro-bowler with the Vikings and will look to bolster a defensive line for the 3-3 Lions who have won two in a row. The Lions will owe Griffen $1.76 million in salary for the rest of the year, plus $187,500 for each game in which Griffen is on the active roster.On the other end, this seems like a signal that the Cowboys are punting in this disastrous season. They started out 2-4 before st...
Korean Air mulls acquisition of rival Asiana: reports
Korean Air Lines, South Korea's No. 1 carrier, is seeking to acquire rival Asiana Airlines with the support of the state-run Korea Development Bank, local media reported Friday, citing airline industry sources.If a merger deal involving South Korea's two major airlines materializes, it would reportedly create the world's 10th-largest airline company in terms of revenue passenger kilometers, an industry metric that shows the distance traveled by paying passengers.Yonhap News Agency reported that Hanjin KAL Corp., which owns 30 percent of Korean Air, confirmed it is considering to acquire debt-r...
Dunkin’ to Be Sold to Inspire Brands for $8.8 Billion
Dunkin’ to Be Sold to Inspire Brands for $8.8 Billion Arby’s owner would become one of the largest U.S. restaurant operatorsInspire Brands Inc. will buy Dunkin’ Brands Group Inc. for $8.8 billion, the companies said, setting up one of the largest restaurant deals in years as some in the industry think beyond the coronavirus pandemic.The deal is the second-largest acquisition of a North American restaurant chain in at least a decade at $11.3 billion including debt, behind the $13.3 billion deal for Tim Hortons by Restaurant Brands International Inc. in 2014, according to investment data provide...
The Bangkok Post
KPN acquires Sterk Midden-Drenthe network
2 Nov 2020The Netherlands’ KPN has agreed to acquire the fibre-optic network of cooperative Sterk Midden-Drenthe following unanimous approval from the coop’s Members Council. The network connects approximately 5,900 addresses located in the outskirts of the municipality of Midden-Drenthe, consisting of 23 villages/centres. After the acquisition, which is expected to be completed by end-November 2020, the network will remain operating on an open fibre basis, accessible to various telecoms service providers, with the addition of KPN’s retail triple-play services from 2021. Financial details were...
Cogeco agrees to buy DERYtelecom, Quebec’s third largest cableco
22 Oct 2020Canadian cable network operator Cogeco Connexion has entered into a definitive agreement to purchase DERYtelecom for CAD405 million (USD309 million). Saguenay-based DERYtelecom provides cable internet, TV and telephony services to approximately 100,000 customers in over 200 municipalities across several regions in Quebec, including Estrie, Lanaudiere, Monteregie and the Laurentians, making it the third largest cableco in the province (behind Videotron and Cogeco itself). DERYtelecom’s revenue and adjusted EBITDA for the fiscal year ended 31 August 2020 were estimated at CAD105 milli...
Will mine review unsettle Beijing-Ottawa relations?
Photo: ICPolitical tensions between China and Canada have cast doubt on the future of a Chinese company's acquisition of a gold mine in the Canadian Arctic, making it a potential new flashpoint in ongoing diplomatic frictions.The Canadian government has ordered a national security review of Chinese state miner Shandong Gold Mining Co's purchase of Toronto-based TMAC Resources Inc under the Investment Canada Act, TMAC said last week, a development that some may regard as a sign of underlying political risks threatening the deal.While the acquisition is a purely commercial activity, the case is ...
Newark Museum Acquires Major Work by Contemporary Black Artist Bisa Butler
The Newark Museum of Art has acquired a large-scale artwork by Essex County resident Bisa Butler, a rising star among contemporary Black artists in the United States, known for her quilted portraits celebrating Black life.The Warmth of Other Sons is loosely based on source material including historic photographs of Black families that migrated from the South to the North looking for economic prosperity. Standing at 9 feet high by 12 feet wide, this exuberant, multi-layered artwork is a significant acquisition by the Museum and will be included in Art + Tech: Perception, Access, Power, a virtua...
Xplornet buys CCI Wireless
2 Oct 2020Xplornet Communications, Canada’s largest rural-focused broadband operator, has completed the acquisition of CCI Wireless, a fixed-wireless internet and VoIP home phone provider in rural and remote areas of Alberta. The deal of undisclosed value closed on 1 October 2020 when Xplornet acquired Corridor Communications, the owner of Calgary-based CCI Wireless which also serves enterprise clients in Alberta, Manitoba and Saskatchewan alongside its Albertan residential network.Xplornet CEO Allison Lenehan said: ‘This exciting acquisition will join CCI Wireless’ Western depth and robust ne...
Aon acquisition of Willis Towers Watson
Irish-domiciled insurance broker Aon Plc will be acquiring an also Irish-domiciled insurance broker Willis Towers Watson Plc. (Willis) in what has been set to become as the world’s biggest insurance merger ever. The merger talks started around January of 2019 and proceeded in an on-and-off tempo. Exploratory talks first started on January 30, 2019. The merger is set to be completed and closed by mid-2021. Aon will be the surviving entity. The $30 billion, all-stock acquisition merges two of the world’s leading brokers. Aon and Willis are the second and third largest insurance brokers in the wo...