Freeserve shares fell dramatically yesterday following the end of takeover talks with T-Online, and the announcement of a £19.7m loss in its last financial year. Freeserve is now rumoured to be holding merger talks with NTL.
The company restarted talks following the tumble of its shares on the Milan Bourse. Tiscali claimed it would offer 56.7 per cent of its share to the Dutch internet company World Online in an attempt to regain momentum on the stock market.
However, Anite remained tight-lipped as to who the potential partner might be, warning in a terse statement that talks remained at a "very preliminary stage". By close of play Friday, shares had risen 9.6 per cent to 165.5p.
Stuck with insufficient funds to reach profitability in the immediate future, Gameplay said it has entered talks with third parties, which could result in the disposal of part or all of the business. The German division of the troubled e-tailer was...
Shares in semiconductor manufacturer Hynix jumped over 15 per cent yesterday after the cash strapped Korean firm confirmed it was in alliance talks with US rival Micron Technologies. While both companies remained reticent about the nature of the...
Guardian iT shares jumped over 48 per cent this morning after the company said it was in early stage takeover talks. Shares jumped 48.6 per cent to 54.6p by 10:00 (GMT), but they are still trading well below Monday's closing price of 74p.
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