|
Acquisitions News
Mon, 15 Mar 2010:
Jamba, the mobile content business behind the annoying Crazy Frog ringtone, could be placed on the market. Owner News Corporation is presently looking into the sale options for Jamba, reportedly with the assistance of advisers at JP Morgan. A company spokesman said it could prove difficult to sell the business for the £251m News Corp paid for it in 2006, how...
[more: Jamba, the mobile content business behin...]
Mon, 15 Mar 2010:
The American parent company, Blockbuster Inc, has accumulated over US$1 billion (£660 million) in losses and wants to sell its European arm in order to raise some cash. This includes some 650 stores in the UK as well as stores in Ireland, Denmark and I...
[more: The American parent company, Blockbuster...]
Wed, 10 Mar 2010:
Motorway service operator Swayfields Limited and Swayfields Extra MSA Holdings Limited (the Group) has entered administration because it is unable to meet increasing debts. The Lincoln-based group, which has annual revenues of £13m, operates 11 roadside service areas including six motorway service areas, two trunk-road service areas and three forecourts. Ian Green, joint administrator at PwC says the company has entered administration in order to focus on a restructuring and re-financing of the business. After considering the options, the administrators will begin the search for a buyer for the companies, which will continue to trade as normal. Mr Green said: "We are confident of a sale being completed with minimal, if any impact on the operating sites." Plans to build a service station near junction 10 on the M25 have not been affected by the move into administration. The plans, which involve a hotel, petrol station, shops and 721 car parking spaces, were approved in 2005 by the government despite opposition from the local council...
[more: Motorway service operator Swayfields Lim...]
Wed, 10 Mar 2010:
A portfolio of ten bars, formerly owned by 3D Entertainment, has been placed on the market. Colliers CRE has been mandated to sell the leasehold properties by the administrators of 3D Entertainment Limited and 3D Entertainment Group (CRC) Limited. The portfolio is comprised of eight Chicago Rock Cafes, which are located in Banbury, Chichester, Colchester and Epsom among others. Archaos, a large nightclub in Glasgow and another nightclub Kestral Xs situated in Cumbernauld are included in the portfolio. On its website Colliers said it "will dispose of the ten remaining sites which are situated on the main licensed circuits and are fitted out ready for immediate occupation." 3DE, which is 49% owned by another nightclub operator Luminar, went into administration two weeks ago. 3DE was spun out of Luminar in 2007. It is thought the nightclub operator was hit by rising unemployment in its young customer base. A total of 31 out of 50 venues have been sold on to US private equity firm Sun Capital Partners in a deal worth £10m, securing 730 jobs. The break up of 3DE follows unsuccessful attempts to merge with other companies including Premium Bars & Restauran...
[more: A portfolio of ten bars, formerly owned ...]
|
|
