Wednesday, September 07, 2005
Reuters may be eyed by Google – market reports
Reuters, the news and information service, may be a target for Google, according to a market report in the Guardian. Citing market chatter, the item noted that Reuters shares were buoyed to 368.5p on the back of rumours that the Silicon Valley-based search engine may be considering a takeover, however unlikely it may seem. London-listed Reuters has a market capitalisation of GBP 5.3bn (EUR 7.8bn).
Google’s intention to raise USD 4bn of new funds from a secondary share issue has fuelled talk of acquisitions, the report said, although it commented that analysts believe the business will probably purchase in companies such as China.
The Daily Telegraph market report also printed the rumours, adding that Google was believed to have Yell Group in its sights as well, according to traders. It stated that Reuters was planning to meet with investors today; it did not imply this was linked to the takeover rumours.
Source: The Guardian, Daily Telegraph
Value: £5,300m (Reuters market cap)
=20050907&AlertProfileSysID=185546&instanceid=127482&selectedItems=229882&mode=4&style=20&page=1&contextid=9107992&legacycontextid=9107991">mergermarket.com
Google’s intention to raise USD 4bn of new funds from a secondary share issue has fuelled talk of acquisitions, the report said, although it commented that analysts believe the business will probably purchase in companies such as China.
The Daily Telegraph market report also printed the rumours, adding that Google was believed to have Yell Group in its sights as well, according to traders. It stated that Reuters was planning to meet with investors today; it did not imply this was linked to the takeover rumours.
Source: The Guardian, Daily Telegraph
Value: £5,300m (Reuters market cap)
=20050907&AlertProfileSysID=185546&instanceid=127482&selectedItems=229882&mode=4&style=20&page=1&contextid=9107992&legacycontextid=9107991">mergermarket.com
