Archive for July, 2016

US Justice Department takes a close look at AT&T deal

The proposed $39 billion acquisition of T-Mobile by US telecoms giant AT&T is expected to be heavily scrutinised by the FCC and the US Justice Department. The biggest obstacle is likely to be focused on antitrust and competition issues as the deal will make AT&T the largest wireless carrier in the US. Indeed the deal is expected to take more than a year before it is officially rubber stamped and the end resul...

28 Mar 10:46 AM 0 Read More...

The EU intends to beef up data protection

The EU justice commissioner, Viviane Reding sent out a strong message to social networking sites such as Facebook saying that “A US-based social network company that has millions of active users in Europe needs to comply with EU rules.” This tougher stance is likely to come off the back of news last year when Facebook changed its privacy settings. The new legislation is likely to make third party use of ...

17 Mar 8:57 AM 0 Read More...

Figures released this week show Guernsey as top jurisdiction for LSE listings

Guernsey is the top jurisdiction for LSE listings Guernsey is once again the market leader for the number of companies listed on the markets of the London Stock Exchange (LSE). According to Guernsey Finance Guernsey’s total listings have reached almost double that of competitor jurisdictions Jersey, Isle of Man and the Cayman Islands (as at 31 December 2010). Guernsey’s listings total 106 with the neares...

09 Mar 11:34 AM 0 Read More...

First venture into Brazil for Heinz

Global food & beverage giant HJ Heinz confirmed today that it agreed to acquire an 80% stake of the Brazilian food company Quero Alimentos. Although the exact amount is being kept quiet, it is rumoured that the deal is worth around 1.2 Brazilian reals ($723 million). This is the first direct entry by Heinz into the Brazilian market. Brazilian law firm Mattos Filho, Veiga Filho, Marrey Jr e Quiroga Advogados have ...

03 Mar 3:27 PM 0 Read More...

BSkyB takeover gets green light

Rupert Murdoch's News Corporation has been given the green light for its controversial takeover of BSkyB it was announced today. The controversial takeover will give Murdoch a vast reach, with media outlets across all platforms. The decision by the UK Culture Secretary Jeremy Hunt not to refer the matter to the Competition Commission was made in light of the revised proposal made by News Corp to dispose of Sky News. ...

03 Mar 10:59 AM 0 Read More...