Webwire: C&WW rejected Pacnet offer; Idea cleared in 2G probe

Dylan Bushell-Embling
23 Jun 2011
00:00
News
Daily News

C&WW rejected Pacnet offer for int'l assets

Cable & Wireless Worldwide has revealed it had already considered and rejected Pacnet's informal takeover offer for its international assets, which had been reported to be worth $500 million.

Bloomberg

India's Idea cleared in 2G scandal probe

India's Central Bureau of Investigation has dropped its probe into Idea Cellular's possible involvement in the 2008 2G auction scandal, after finding no evidence of any wrongdoing.

Economic Times

Google getting 1b visitors per month

Google now receives over one billion visitors per month to its various websites, according to ComScore. Microsoft is following close behind with 905 million unique visitors in May.

The Telegraph

Video site Hulu evaluating buyout offer

Web video site Hulu is considering selling itself, after receiving an unsolicited offer from a potential buyer, according to sources. Hulu is currently owned by Disney, News Corp, NBCUniversal, buyout firm Providence Equity Partners and company employees.

Wall Street Journal

LulzSec suspect arrested, faces extradition

A British teenager arrested on suspicion of being an important member of hacking group LulzSec faces extradition to the US and prosecution in the American courts.

Press Association

Smartphones close to half of Taiwan phone sales

Smartphones accounted for 44% of all mobile handset sales in Taiwan during the first quarter, with Android accounting for 58.8% of smartphones shipped.

DigiTimes

PLDT-Digitel deal faces more opposition

The proposed PLDT-Digitel merger is facing more opposition in the Philippines, with new consumer group SLaM urging regulator NTC to have consumers' interests in mind when deciding whether to approve the deal.

GMA News

Israel asks Apple to pull ThirdIntifada app

The Israeli government has asked Apple to remove from the App Store an application, ThirdIntifada, which it says glorifies violence against the Jewish state. Information minister Yuli Edelstein made the request in an email to Steve Jobs.

Associated Press

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