european business
Verizon Eyes $100 Billion Bid For Vodafone's Wireless Stake
www.businessinsider.com
NEW YORK/LONDON (Reuters) - Verizon Communications has hired advisers to prepare a possible $100 billion cash and stock bid to take full control of Verizon Wireless from its partner Vodafone, two people familiar with the matter said. Verizon, which already owns 55 percent of the company, which is the biggest...
Foundem sues Google in the UK, accusing the search giant of anti-competitive behavior
thenextweb.com
Foundem, a UK-based vertical search engine company and longtime anti-trust nemesis of Google, has brought the Mountain View, California-based Internet giant’s alleged ‘search manipulations’ to the attention of regulators on both sides of the Atlantic in the past. Now, the UK outfit is suing Google in the UK over ‘anti-competitive...
Yammer acquires oneDrum to make content more social
thenextweb.com
Yammer, the company that provides real time communications solutions to businesses has acquired oneDrum, the platform for creating better collaboration between applications. This means that Yammer will now have the capability through oneDrum to get applications to talk to each other in ways that they might not usually. Yammer opened...
Traxpay pulls in $4M to streamline B2B payments
venturebeat.com
European business-to-business payment provider Traxpay announced a $4 million in investment from Earlybird Ventures today. Using cloud-based software, the system enables companies to manage their B2B payments online in real time. Traxpay is striving to refine the payment process by giving businesses a more streamlined way to send and receive...
Baidu has chosen Skyscanner as its international flight search partner
thenextweb.com
When China’s number one search engine, Baidu, decides to partner with a company, it’s a really big deal. Today, Skyscanner, Europe’s biggest flight search engine, has announced a partnership which means that it will power Baidu’s international flight search. Baidu already owns a chunk of a travel search site Qunar,...
Twitter Expands European Business
allthingsd.com
Twitter is signaling its intentions to ramp up its European business by posting 17 new job openings for its new office in Dublin, Ireland. Most of the positions are sales-related, and include jobs that cover Spain and the Netherlands, two new territories for the company’s ad products. Twitter has around...
Deutsche Telekom Profit Rises
online.wsj.com
Deutsche Telekom's second-quarter net profit rose sharply, helped by lower expenses linked to staff reductions, but the company warned its European business was unlikely to improve in the near term....
Best Buy sells stake in European business to Carphone Warehouse
www.electronista.com
Electronics retailer Best Buy is selling its stake in Carphone Warehouse Group to co-owner Carphone Warehouse, in its continued efforts to financially turn itself around. The sale, which sees Best Buy exchange its holdings in the European entity for £500 million ($774 million) in cash and stock according to a...
For Seedhack FinTech event, Seedcamp moves to Google’s new ‘Campus’ (30 March – 1 April)
thenextweb.com
If you’re interested in watching – or participating in – the disruption of the financial sector through technology right before your very eyes, register for startup accelerator Seedcamp’s next Seedhack event, which focuses on ‘fintech’ or financial technology. The hackathon-themed event is happening on the weekend of 30 March at...
Groupon's Leadership Shuffle Continues: New North American Sales Head Named
techcrunch.com
The churn at Groupon’s executive level continues apace. The company has just announced that it has appointed a new vice president for North America, Rob Kilgarriff, who is taking over the role from Chris Muhr. Earlier today Reuters reported that Chris Muhr was being shipped out to Europe, where he...
Telefónica's digital arm brings in API specialist Apigee to beef up its app ecosystem
thenextweb.com
Fresh from revealing plans to open an office in London to grow its European business, API management firm Apigee has inked a deal with Telefónica Digital that will see it become the partner for the operator’s API management platform. Apigee enables developers and company to design, test and monitor APIs and the...
Can the Hedge Fund Dudes Save Groupon's Stock?
allthingsd.com
Here’s something you haven’t seen in a while — Groupon shares rose more than 36 percent last week after Chase Coleman’s Tiger Global Management disclosed Monday that it had bought 65 million shares. The well-known hedge fund, which has also bought decent-sized stakes in both Yahoo and Facebook recently...
Another Groupon Exec Is Leaving (GRPN)
www.businessinsider.com
(Reuters) - Groupon Inc., the world's largest online daily deals provider, is reshuffling senior management roles in an attempt to fix its struggling European business -- a shake-up that will also include the departure of its chief of international business. According to an internal memo obtained by Reuters, Chris Muhr,...
Groupon Earnings Miss Expectations on Weakness in Europe
www.nytimes.com
The daily-deal company did not turn around its struggling European business in the third quarter, and confirmed that it had laid off about 80 employees....
Volcanic ash cloud cost European business up to €2.5bn, says EU | World news | guardian.co.uk
www.guardian.co.uk
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Sad To Say, But Andrew Mason Is Probably Not Going To Be Groupon's CEO Much Longer (GRPN)
www.businessinsider.com
Until today's earnings announcement, things were looking good for Andrew Mason, the founder and CEO of Groupon. The daily-deal company's stock had more than doubled from where it had bottomed out in November. It crossed $5--an important point for investor psychology and institutional support, since some mutual funds can't buy...
Telefonica and FeedHenry partner up on enterprise mobile app development
gigaom.com
Last year Telefonica started reselling FeedHenry’s cloud-based Mobile Applications Platform to corporate customers in the UK, Germany and Ireland. But since then, the telecoms giant launched its own mobile- and M2M-optimized infrastructure-as-a-service play, Instant Servers. So it’s no surprise to see the two companies solidify their tie-up, as they have...
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