WiMax-friendly ISP Unwired has sent a letter to shareholders advising they accept broadcaster Seven's up to AU$127 million takeover bid for the company.
Australian e-health group IBA has re-entered the tug of war for UK software company iSoft with a revised takeover bid.
Media company Seven's plan to acquire WiMax spectrum-holders Unwired appears to have been a success, with Seven's various holding companies now holding over 50 percent of Unwired shares.
The saga of IBA Health's acquisition of iSoft is has now been concluded, following the completion of legal manoeuvres which allow the takeover to go ahead.
After months of wrangling and shareholder protests, Seven has finally closed the book on its acquisition of wireless ISP Unwired.
Troubled software firm iSoft looks likely to be sold to Australian company IBA, as CompuGroup withdraws from the battle.
Oracle chalked up a key victory Friday in its battle to acquire PeopleSoft, with investors agreeing to sell the suitor 60 percent of PeopleSoft's outstanding shares.
Yahoo is calling on Microsoft to bump up its buyout bid, but the trouble is a number of the Internet giant's largest investors own shares in both stocks.
After a resounding "no" on its unsolicited buyout offer for Yahoo, Redmond will either up the ante or ready a one-two punch.
Microsoft on Saturday issued an ultimatum to Yahoo, giving the Internet search pioneer three weeks to enter formal merger negotiations and conclude a deal.
Microsoft officially withdrew its offer to acquire Yahoo on Saturday but only after it threw an additional US$5 billion on the table.
Broadband prices under a Telstra-owned national fibre-to-the-node (FTTN) network could rise by up to 15 per cent, a report commissioned by the Competitive Carriers Coalition (CCC) has concluded.
Yahoo's board has decided Microsoft's $31-per-share offer "massively undervalues" the company, according to a report in The Wall Street Journal. Yahoo is expected to formally reject Microsoft's offer, the Journal reported.
Yahoo on Monday responded to Microsoft's merger deadline, reiterating its rejection to the software giant's buyout bid as "substantially" undervaluing the company.
After having snubbed Microsoft's initial takeover proposal, reports have indicated that Yahoo is still counting on the software giant to mount another acquisition bid, should its attempts to play the field backfire.
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