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BUSINESS
January 31, 2000
* French conglomerate Vivendi and British-American telecommunications giant Vodafone AirTouch agreed to form a pan-European Internet portal. The venture is conditional on the success of Vodafone's $170-billion hostile bid for Germany's Mannesmann.
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BUSINESS
February 4, 2000 | BURT HERMAN, ASSOCIATED PRESS
Mannesmann of Germany is poised to accept a sweetened takeover bid of $180 billion from Britain's Vodafone AirTouch, for a deal that would create the world's No. 1 wireless company through the biggest merger in history. Mannesmann chief Klaus Esser, speaking Thursday alongside Vodafone Chief Executive Chris Gent in their first joint appearance, said he will recommend that his company's supervisory board accept the deal at a meeting today.
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BUSINESS
July 20, 1999 | Reuters
Britain's Vodafone AirTouch said it agreed to pay $764 million for U.S.-based CommNet Cellular Inc., adding 360,000 customers in nine Western states. Vodafone AirTouch will also assume debt of about $600 million in the purchase of CommNet from Blackstone Group, a New York-based private equity fund. The deal comes just weeks after Vodafone and San Francisco-based AirTouch completed their merger, forming the world's biggest mobile phone company.
BUSINESS
January 31, 2000
* French conglomerate Vivendi and British-American telecommunications giant Vodafone AirTouch agreed to form a pan-European Internet portal. The venture is conditional on the success of Vodafone's $170-billion hostile bid for Germany's Mannesmann.
BUSINESS
November 29, 1999 | From Associated Press
Mannesmann's supervisory board Sunday unanimously rejected a takeover bid from Britain's Vodafone AirTouch, setting the stage for the largest hostile corporate takeover attempt in history. But in an apparent softening of his earlier stance, Mannesmann Chief Executive Klaus Esser said his group wanted to maintain fruitful links with Vodafone in lucrative joint ventures in Germany, Italy and France.
BUSINESS
November 17, 1999 | Associated Press
Rejected but undeterred, Vodafone AirTouch is crafting a fresh proposal to acquire Germany's Mannesmann and hopes to make a sweetened offer by the end of the week, a senior executive of the British company said. Vodafone, the world's largest mobile phone business, would not indicate how much it would be willing to pay in its second effort to woo Mannesmann.
BUSINESS
November 19, 1999 | Reuters
Vodafone AirTouch, the world's biggest mobile phone group, was poised on Thursday to launch a fresh multibillion-dollar bid for Mannesmann hours after the German firm lost a last-ditch attempt to delay an offer. Britain's Vodafone said it planned no further statement on Thursday after a late-afternoon board meeting to discuss the size of a second, unsolicited takeover bid for its partner in Germany, Italy and France.
BUSINESS
February 4, 2000 | BURT HERMAN, ASSOCIATED PRESS
Mannesmann of Germany is poised to accept a sweetened takeover bid of $180 billion from Britain's Vodafone AirTouch, for a deal that would create the world's No. 1 wireless company through the biggest merger in history. Mannesmann chief Klaus Esser, speaking Thursday alongside Vodafone Chief Executive Chris Gent in their first joint appearance, said he will recommend that his company's supervisory board accept the deal at a meeting today.
BUSINESS
January 24, 1999 | MARJORIE MILLER, TIMES STAFF WRITER
Back when wireless meant radio and mobile telephones were as unwieldy as Maxwell Smart's shoe, Chris Gent was already convinced that, whatever you called them, portable phones were the future in telecommunications. Gent, chief executive of Vodafone Group, is still looking ahead with his company's successful bid to purchase AirTouch Communications Inc. of San Francisco. The $62-billion acquisition would make it the world's largest mobile phone enterprise.
BUSINESS
January 16, 1999 | ELIZABETH DOUGLASS and KAREN KAPLAN and JENNIFER OLDHAM, TIMES STAFF WRITERS
AirTouch Communications Inc. capped a weeks-long bidding war Friday by agreeing to merge with Britain's Vodafone Group in a deal worth an estimated $56 billion, creating the world's dominant wireless phone company. Together, San Francisco-based AirTouch and Vodafone of Newbury, England, would serve more than 23 million wireless customers in 23 countries and have a market capitalization of $110 billion.
BUSINESS
November 29, 1999 | From Associated Press
Mannesmann's supervisory board Sunday unanimously rejected a takeover bid from Britain's Vodafone AirTouch, setting the stage for the largest hostile corporate takeover attempt in history. But in an apparent softening of his earlier stance, Mannesmann Chief Executive Klaus Esser said his group wanted to maintain fruitful links with Vodafone in lucrative joint ventures in Germany, Italy and France.
BUSINESS
November 20, 1999 | CAROL J. WILLIAMS, TIMES STAFF WRITER
Britain's Vodafone AirTouch on Friday launched the world's biggest takeover bid, seeking control of Germany's Mannesmann telecommunications and engineering empire in a hostile move worth up to $137 billion. Still smarting from a Mannesmann rebuff of an acquisition proposal last week, Vodafone announced it was taking its sweetened offer directly to shareholders of the Dusseldorf-based target in what amounts to a declaration of war on the hidebound managerial practices of German industrial giants.
BUSINESS
July 20, 1999 | Reuters
Britain's Vodafone AirTouch said it agreed to pay $764 million for U.S.-based CommNet Cellular Inc., adding 360,000 customers in nine Western states. Vodafone AirTouch will also assume debt of about $600 million in the purchase of CommNet from Blackstone Group, a New York-based private equity fund. The deal comes just weeks after Vodafone and San Francisco-based AirTouch completed their merger, forming the world's biggest mobile phone company.
BUSINESS
January 24, 1999 | MARJORIE MILLER, TIMES STAFF WRITER
Back when wireless meant radio and mobile telephones were as unwieldy as Maxwell Smart's shoe, Chris Gent was already convinced that, whatever you called them, portable phones were the future in telecommunications. Gent, chief executive of Vodafone Group, is still looking ahead with his company's successful bid to purchase AirTouch Communications Inc. of San Francisco. The $62-billion acquisition would make it the world's largest mobile phone enterprise.
BUSINESS
January 16, 1999 | ELIZABETH DOUGLASS and KAREN KAPLAN and JENNIFER OLDHAM, TIMES STAFF WRITERS
AirTouch Communications Inc. capped a weeks-long bidding war Friday by agreeing to merge with Britain's Vodafone Group in a deal worth an estimated $56 billion, creating the world's dominant wireless phone company. Together, San Francisco-based AirTouch and Vodafone of Newbury, England, would serve more than 23 million wireless customers in 23 countries and have a market capitalization of $110 billion.
BUSINESS
February 2, 2000 | Reuters
Bell Atlantic and merger partner GTE agreed to swap wireless properties in 13 states with rural wireless phone company Alltel. The move would allow Bell Atlantic to proceed with its planned alliance with Britain's Vodafone AirTouch. As required by federal regulators, the swap eliminates all of the overlapping cellular operations that would be created by the Bell Atlantic-Vodafone alliance. As part of the pact, Alltel also will pay about $600 million to Bell Atlantic, GTE and Vodafone.
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