United States

Douglas Busvine

Freenet threatens to derail $6.4 billion Sunrise-UPC deal

Aug 16 2019

FRANKFURT German telecoms group Freenet fired off a salvo of demands on Friday to cut the price and amend the terms of Sunrise Communication's proposed 6.3 billion Swiss franc ($6.4 billion) takeover of Liberty Global's Swiss unit UPC.

Drillisch shares slump as earnings guidance trimmed, 5G costs loom

Aug 15 2019

FRANKFURT Shares in telecoms firm 1&1 Drillisch and its parent United Internet slumped to six-year lows on Thursday after they trimmed profit guidance due to initial 5G network costs and higher line connection charges.

Axel Springer on M&A hunt before ink dries on KKR deal

Aug 14 2019

FRANKFURT German publisher Axel Springer said it was actively looking at potential takeovers, even as a buyout of its minority shareholders awaits completion, amid speculation that the digital classifieds sector will consolidate in Europe.

Scout24 to explore sale or spin-off of autos platform

Aug 13 2019

MUNICH German classifieds group Scout24 said on Tuesday it would explore a sale or spin-off of its autos platform and borrow more to buy back shares, after facing calls from activist investor Elliott to boost shareholder returns.

Deutsche Telekom confident U.S. merger will still deliver cost savings

Aug 08 2019

FRANKFURT Deutsche Telekom said on Thursday it still expects the merger of its U.S. unit T-Mobile with Sprint to generate $43 billion in cost savings even after tweaking the deal to secure antitrust clearance.

ProSieben lässt Tür offen für mehr Kooperation mit Mediaset

Aug 07 2019

Berlin/Frankfurt Die Fernsehgruppe ProSiebenSat.1 hält langfristig eine engere Zusammenarbeit mit dem italienischen Großaktionär Mediaset für möglich.

ProSieben growth story intact despite second-quarter profit squeeze

Aug 07 2019

FRANKFURT German broadcaster ProSiebenSat 1 Media on Wednesday showed its recovery was on track as it sustained top-line growth in the second quarter, even though core profits were squeezed as expected by spending on new programmes.

UPDATE 2-ProSieben growth story intact despite Q2 profit squeeze

Aug 07 2019

* Now not the time for closer tie-up with Mediaset - CEO (Updates with Mediaset angle, CEO interview)

Swedish fintech Klarna valued at $5.5 billion in funding round

Aug 06 2019

FRANKFURT Online payments firm Klarna, which has attracted a growing following with its "buy now, pay later" service for shoppers, said on Tuesday it had raised $460 million in a funding round that makes it Europe's most valuable fintech startup.

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