Goldman Sachs cleared by U.K. court to advise Vodafone on Mannesmann

Article Abstract:

A British judge threw out Mannesmann AG's request to prevent Goldman Sachs Group Inc. from advising Vodafone AirTouch PLC in its proposed acquisition of Mannesmann. Vodafone is expected to propose an all-stock acquisition valued at up to $126.67 billion, which would make it the largest planned takeover ever, friendly or hostile. Mannesmann contended that since Goldman had done work for the company, Germany's largest mobile-phone services provider, that it had confidential information about Mannesmann and should not be allowed to act as Vodafone's adviser. If the friendly proposal is rejected, as is expected, Vodafone will soon make an unsolicited bid.

United Kingdom, United States, Legal issues & crime, Asset sales & divestitures, Securities Dealers, Investment Banking and Securities Dealing, Acquisitions & mergers, Germany, Radiotelephone communications, Cellular Mobile Radio Services, Cellular and Other Wireless Telecommunications, Security brokers and dealers, Company legal issue, Cases, Mergers, acquisitions and divestments, Company acquisition/merger, Cellular telephone services industry, Cellular telephone services, Securities industry, Mannesmann AG, Vodafone AirTouch PLC, The Goldman Sachs Group Inc.

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Avoiding risk: venture capitalists aren't looking for geniuses these days. They're looking for results

Article Abstract:

Venture capitalists, who have become more conservative, look for business experience and a proven ability to deliver results. The lone genius who has a bright idea has become a cliche. The venture-capital community now tends to seek identifiable success. Investors look for a mix of technical skills and corporate abilities, and the focus is often on teams, rather than on individuals. Venture capitalists are no longer very venturesome. The number of deals is down, and venture capitalists now expect a higher return on their investments than previously. The venture-capital industry has become risk-averse.

Prepackaged software, Analysis, High technology industry, Computer software industry, Computer industry, Software industry, Economic aspects, Finance, Venture capital companies, Investments, Venture capital, Technological innovations, Scientific creativity, Creative ability in technology, Genius, Creativity, Industry Analysis, Risk Analysis

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