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GO.com, a division of The Walt Disney Company, announced its first quarter results for the period ended December 31, 1999. On a pro forma basis, the company reported a total increase in revenues of 13% to $125.6 million, driven by a 47% surge in Internet revenues. The growth
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The recent Vodafone AirTouch acquisition of Mannesmann in a deal worth $183 billion has left telecommunications analysts and executives largely unimpressed, describing the move as "pretty straightforward" and not having a significant global impact. However, this brief reaction may underscore the speed at which the wireless industry is
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Vodafone AirTouch has forged a strategic Internet alliance with Vivendi, the French group, in a move that provides a significant boost to its bid to take over Mannesmann, the German conglomerate. The two companies have revealed plans to develop a Europe-wide, multi-access Internet portal, which will provide Internet access to
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Time Warner Inc. and EMI Group plc have agreed to combine their respective music businesses in a massive deal worth billions of dollars. The merged entity, Warner EMI Music, will have pro forma revenues of approximately $8 billion for the 12 months ending September 30, 1999, and more than $1
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Time Warner, following a $145 billion merger with America Online two weeks prior, has now announced plans to shake up the music industry with a $20 billion merger with EMI Records, home to legendary artists such as the Beatles and the Rolling Stones. The deal, pending approval from regulators and
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The AOL-Time Warner merger, announced on January 10, has sparked speculation about its impact on the fiber optic industry. However, industry experts caution that while the merger will drive requirements for increased broadband capabilities, it will not accelerate demand for fiber deployment in the immediate future. According to Craig Johnson,
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The merger of America Online (AOL) with Time Warner and NextLink Communications with Concentric Network has significant implications for the convergence of wireless technology and the Internet. With NextLink's acquisition of Concentric, the company will offer high-speed Internet access and other data services to businesses, while AOL and
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Ford Vice Chairman Wayne Booker revealed that the US automaker is considering acquiring the domestic and overseas businesses of both Daewoo Motor and Ssangyong Motor. This move is part of Ford's aggressive expansion plans in the Korean market, where it has been trying to gain a foothold despite
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Hyundai Motor, Korea's largest carmaker, is considering making a joint bid for Daewoo Motor with a foreign partner. The move comes as Ford Motor, the US carmaker, is also preparing to compete to take over insolvent Daewoo Motor. Hyundai has a long-standing partnership with Mitsubishi Motor of Japan,
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Ford has joined the likes of Hyundai and General Motors in expressing interest in taking over Daewoo Motor, a move that is expected to intensify the competition for the troubled South Korean carmaker. Despite LDV's recent joint venture with Daewoo, the Birmingham-based van-maker's nerves may be
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Renault, the French carmaker, is poised to expand its Asian presence after beginning exclusive negotiations with South Korea's Samsung Motors. The talks, which started on December 30, aim to acquire all or part of Samsung Motors' operating assets, excluding debt. Renault sees the acquisition as a way
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Burbank, California - In a move to usher in the new millennium, Walt Disney Pictures has announced the opening of a custom-built 622-seat IMAX Theatre in Los Angeles, exclusively for the premiere of its new film "Fantasia/2000". The state-of-the-art theatre, located at the Howard Hughes Center, features
