Minority shareholders of Fisher Communications said that the USD 373 million offer by Sinclair Broadcast Group to buy their television group undervalued its worth.
Telecommunications
Sony says no to Loeb proposal of partial sell of entertainment unit
The board of directors of Sony Corp said no to the proposal of Daniel Loeb to partially sell its entertainment business.
Vodafone seeks Eur1 billion in damages from Telecom Italia
Vodafone sued Telecom Italia and claimed that the company abused its dominant position in the market.
Twitter's good and bad side
Twitter users boycotted the lack of action by the social media platform against violent tweets. Twitter has become a dangerous place, especially for high profile individuals.
Japanese businessmen look for opportunity in Myanmar
Japanese executives will attend a meeting in Myanmar to discuss future investment ventures. Representatives from over 20 Japanese companies planned on visiting Myanmar to look for possible business ventures and investment opportunities, according the Union of Myanmar Federation of Chambers of Commerce and Industry or UMFCCI.
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Telecom Italia's chairman Franco Bernabe said that price was unsustainable and an alliance was likely to happen.
Reuters said that Apple CEO Tim Cook and China Mobile chairman Xi Guohua recently met to talk about "matters of cooperation."
Analysts said that China Mobile would play a huge part in China's explosive mobile growth which would allow investors to continuously gain profit.
The boards of Kabel Deutschland formally endorsed Vodafone's EUR 7.7 billion bid to acquire Germany's largest cable operator.
According to reports from Reuters and Bloomberg, Tim Cook made the rounds in China as Apple looked for ventures in the local market.
Insight Venture Partners, Accel Partners and OMERS Ventures invested a total of US$165 million in social relationship platform HootSuite.
Information provider Thomson Reuters appointed retired London-based lawyer Steve Turnball as member of its board of directors.
Promising advertisement network startup Jebbit raised US$1.25 million in funding from a round led by Data Point Capital.
According to analysts, the feature phone boosted Facebook's attempt to penetrate the mobile market.
