UK: KNUTSFORD SHELVES RETAIL PLAN
Article Abstract:
Knutsford has had to shelve plans for a major acquisition in the retail market after Archie Norman's elevation to the front bench of the opposition Conservative Party. The UK-based acquisition vehicle's chairman, Nigel Wray, revealed on 20 March 2000 that the business will examine the e-commerce market instead, revealing that a business with major Internet potential rather than a so-called dot.com operation would be the preferred target. Tow opportunities valued at GB[pound] 50mn to GB[pound] 100mn apiece are under examination. Mr Norman was the chairman of UK-based supermarket chain, Asda, and his knowledge was regarded as crucial to Knutsford's efforts in the retail market.
Publication Name: The Independent
Subject: Retail industry
ISSN: 0951-9467
Year: 2000
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EU: PROBE FOR AOL AND TIME WARNER DEAL
Article Abstract:
America Online's (AOL) integration with Time Warner will be the focus of a four-month probe by the European Commission (EC). The European Union's anti-trust watchdog will examine the vertical integration of online services at AOL with the content side of fellow US-based group, Time Warner. The situation is made more complex by an agreement between Bertelsmann and AOL.
Publication Name: The Independent
Subject: Retail industry
ISSN: 0951-9467
Year: 2000
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Vivendi embraces online challenge with MP3 buy
Article Abstract:
Vivendi Universal's $372 million purchase of online music site MP3.com is discussed. This deal will bring Vivendi into direct conflict with MusicNet, created by AOL-Time Warner, Real Time Networks, EMI and Bertelsmann.
Publication Name: The Independent
Subject: Retail industry
ISSN: 0951-9467
Year: 2001
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