Edition:
United Kingdom

Douglas Busvine

Private equity firms win over Scout24 with improved $6.4 billion bid

15 Feb 2019

FRANKFURT Hellman & Friedman and Blackstone have won over Scout24 after raising their offer for the online classifieds group to 5.7 billion euros ($6.4 billion) including debt, setting up the biggest takeover of a listed German company by private equity.

RPT-UPDATE 2-Private equity firms win over Scout24 with improved $6.4 bln bid

15 Feb 2019

FRANKFURT, Feb 15 Hellman & Friedman and Blackstone have won over Scout24 after raising their offer for the online classifieds group to 5.7 billion euros ($6.4 billion) including debt, setting up the biggest takeover of a listed German company by private equity.

Telecoms industry calls for Europe-wide network testing regime

15 Feb 2019

FRANKFURT The telecoms industry has called on European governments to join mobile operators in establishing a testing regime to protect network security without having to resort to the disruptive step of excluding vendors from the market.

Telecoms industry calls for Europe-wide network testing regime

15 Feb 2019

* Operators to invest $300-$500 billion on European 5G networks

Singapore police raid Wirecard office following FT reports

08 Feb 2019

FRANKFURT/SINGAPORE Singapore police raided the premises of German payments company Wirecard in the city state on Friday following a series of investigative reports in the Financial Times alleging fraud and creative accounting.

Germany to restrict Facebook's data gathering activities

07 Feb 2019

BONN, Germany Facebook has been ordered to curb its data collection practices in Germany after a landmark ruling on Thursday that the world's largest social network abused its market dominance to gather information about users without their consent.

Chipmaker Infineon cuts revenue guidance blaming difficult markets

05 Feb 2019

FRANKFURT Chipmaker Infineon Technologies cut its forecast for full-year revenue growth on Tuesday to the bottom of its earlier range, blaming difficult markets, but expects a better second half as demand rebounds and inventories are worked off.

Wirecard says no evidence of criminal misconduct found after FT reports

04 Feb 2019

FRANKFURT/SINGAPORE Wirecard said that neither it nor its law firm had found conclusive evidence of criminal misconduct after the Financial Times alleged wrongdoing at the Singapore office of the German payments company.

World News