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December 17, 2007

The long-running saga of whether Rupert Murdoch would choose one his siblings to be his successor finally looks to be over with the appointment of James Murdoch as chairman and CEO for News Corporation Europe and Asia.

 
The long-running saga of whether Rupert Murdoch would choose one his siblings to be his successor finally looks to be over with the appointment of James Murdoch as chairman and CEO for News Corporation Europe and Asia. James, who said he was "excited to be rejoining News Corp" has resigned as CEO of News Corp's UK-based BSkyB business.
 

December 11, 2007

A problem for many companies is how to raise liquidity and yet remain private. Michael Fischer discovers that one firm may have found the answer – a little known electronic
market that US businesses are keen to join and competitors are desperate to copy

Michael Fischer is a freelance journalist based in the US.

A problem for many companies is how to raise liquidity and yet remain private. Michael Fischer discovers that one firm may have found the answer – a little known electronic market that US businesses are keen to join and competitors are desperate to copy

December 3, 2007

Qualcomm Inc, the family-owned telecommunications firm has agreed to acquire Atlanta-based Firethorn Holdings, LLC, an industry-leading mobile banking enabler. Qualcomm will pay approximately $210 million in cash for Firethorn

Qualcomm Inc, the family-owned telecommunications firm has agreed to acquire Atlanta-based Firethorn Holdings, LLC, an industry-leading mobile banking enabler. Qualcomm will pay approximately $210 million in cash for Firethorn.

The acquisition is intended to help financial institutions accelerate consumer adoption of mobile banking services, such as viewing account balances and history, bill pay and money transfers, while also driving the development and delivery of mobile payments and mobile marketing services.

December 3, 2007

The US Court of Appeals has upheld a previous decision to make the Uzan family from Turkey pay in excess of $1 billion to Motorola, the largest US mobile phone manufacturer

The US Court of Appeals has upheld a previous decision to make the Uzan family from Turkey pay in excess of $1 billion to Motorola, the largest US mobile phone manufacturer.

The family, who previously owned Turkish wireless carrier Telsim Mobil Telekomunikasyon Hizmetleri AS, claimed that it could not afford the fine. This has been rejected.

December 3, 2007

A group of shareholders are looking to sell their shares in the Miller Group, the UK's largest privately owned housebuilding, property development and construction business

A group of shareholders are looking to sell their shares in the Miller Group, the UK's largest privately owned housebuilding, property development and construction business. The group represents over 60% of the share capital and is being represented by James Miller, former chairman of the company and cousin of CEO Keith Miller.

November 15, 2007

Cagle's, Inc has received an acquisition proposal from a group consisting of James Douglas Cagle, the company's president and CEO, his two sons

Cagle's, Inc has received an acquisition proposal from a group consisting of James Douglas Cagle, the company's president and CEO, his two sons, who are both vice presidents of the company, and a limited liability company (LLC) controlled by the Cagle family.

November 15, 2007

Family-owned steel giant ArcelorMittal has acquired a 100% stake in Galvex OÜ, the Estonian privately-owned steel galvanising line

Family-owned steel giant ArcelorMittal has acquired a 100% stake in Galvex OÜ, the Estonian privately-owned steel galvanising line located on the Baltic Sea, for an undisclosed sum.

Speaking today, Michel Wurth, member of the group management board of ArcelorMittal, said: "We look forward to bringing our expertise to Galvex OÜ as it joins our Central and Eastern Europe portfolio, which has already proved very successful, accounting for 18% of ArcelorMittal's steel production in 2006."

November 15, 2007

Roche, the family-owned pharmaceutical firm, has entered into a confidentiality agreement with Ventana Medical Systems and will commence due diligence

Roche, the family-owned pharmaceutical firm, has entered into a confidentiality agreement with Ventana Medical Systems and will commence due diligence. This is in regard to Roche's proposal back in June to acquire all outstanding shares of Ventana for a price of $75 per share.

Ventana rejected the offer in June as "grossly inadequate" but have now allowed due diligence to commence in order to "allow Roche to recognise the significant additional value inherent in Ventana's business".

November 15, 2007

Delta Two has informed Sainsbury's that it will not proceed with an offer for the share capital in the UK supermarket giant

Delta Two has informed Sainsbury's that it will not proceed with an offer for the share capital in the UK supermarket giant. It had originally been proposing a €14.8 billion takeover of the firm.

Commenting on the news, Sainsbury's said that "the company continues to have great potential under the leadership of its strong management team" and that it was committed to completing the Making Sainsbury's Great Again recovery plan to improve its sales.

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