You are currently browsing the monthly archive for July 2007.
Two companies based around generic domain names are for sale for $2bn & $1.4bn. Though the sale of the smaller has been pulled/delayed as interest was around $1.2bn – $1.3bn rather than the $1.4bn price sought.
“The insurance company Admiral has cast a shadow over the forthcoming flotation of Moneysupermarket.com by announcing it had decided not to sell Confused.com, its rival price-comparison service. Admiral said yesterday that despite attracting interest from a number of private equity bidders, no one had offered it a sufficiently attractive price for the minority stake it was prepared to sell.
The Independent website has more here
The BBC is reporting Google has purchased Postini for $625m. “The search engine giant said the deal would allow it to provide more companies with web-based services similar to its Google Apps package.
“Postini sells encryption and archiving software to more than 35,000 businesses and 10m users across the globe.
China is set to become the nation with the most Broadband connections by 2008.
“China added 4.5 million high-speed connections in the first three months of 2007 to 56.3 million, says research firm point 15pic. The U.S. ended the first quarter with 60.4 million.
“China still lags the U.S. and many other countries in broadband “penetration.” Just 4.3% of its 1.3 billion people and 14.3% of households have speedy Internet connections, says point 15pic.
“In America, 52.7% of households have broadband, less than most other rich nations and well below South Korea’s 90% penetration. via CNNMoney.com
GPM Group 