France Telecom, which already owns 49 percent of Dailymotion , is planning to gain total control of the video-sharing service, reports Reuters, citing a story in Les Echos. According to the paper, the deal could be worth up to €72 million ($90.5 million). (See Orange Teams Up With Dailymotion.)
Technicolor (Euronext Paris: TCH; NYSE: TCH), the French video equipment maker, has rejected an improved capital increase offer from JP.MorganChase , which could have resulted in a cash injection of up to €179 million (US$224.5 million), because of the conditions attached to the offer. The Technicolor board has opted instead to recommend to its shareholders the earlier, lower offer from JP Morgan, which could result in a cash boost worth up to €158 million ($198 million). (See Euronews: Investors Fight Over Technicolor.)
Vodafone Group plc (NYSE: VOD) managed to pay no corporation tax at all in the U.K. in the most recent financial year, reports the Daily Telegraph. The mobile giant was able to offset its increased capital expenditure against its tax bill. This news will be grist to the mill of those who have already picked out Vodafone as one of the U.K.'s serial offenders when it comes to finding ways to minimize its tax obligations.
Swisscom AG (NYSE: SCM) has Googled itself a new chief strategy officer. Jürgen Galler, who has been working for Google (Nasdaq: GOOG) Switzerland for the past five years, succeeds Daniel Ritz, who left the company at the end of January.