Phoenix IT has acquired Servo Computer Services, the Derbyshire-based hardware and software services company, for £30m. The IT support services provider agreed to pay for Servo with £28m stg in cash a... [more]

Deutsche Telekom is reportedly under pressure to sell its T-Mobile operations in the US after Laxey Partners, the UK hedge fund bought a significant stake in the company. Laxey director Colin Kingsnor... [more]

Celoxica, the UK-listed software development company, is mulling a full or partial sale, according to reports. Celoxica's house broker, Arbuthnot, has cut its 2006 sales estimate from £6.1m to £4.5m. ... [more]

The CEO of UK-listed electronics group Filtronic has announced that the group would be open to offers for its defence electronic and compound semi conductor businesses. The units are Filtronic's only ... [more]

Conchango, the business and technology consultancy with offices in London, New York and Boston, is to undergo a strategic review which is likely to lead to a flotation or a sale. The company has hire... [more]

Moneybookers, the UK-based ePayment provider, could be up for sale after appointing LongAcre Partners to conduct a strategic review of the business. The business, which has around 2.3 million account ... [more]

Ecademy, the internet networking site for the business community, could be put up for sale by its owners Thomas and Penny Power.... [more]

Armstrong Laing Group, the Knutsford-based software company, has been acquired by Business Objects of the US for £30m.ALG has grown to be a global player, described by Business Objects chief executiv... [more]

Thus Plc, the UK-based telephone network operator, has put Demon, its internet service provider, up for sale. ... [more]

Mobestar, the UK-listed mobile content provider, would be open offers for the business according to its CEO, Peter Richards. Richards would not be drawn on the size of bid that could tempt the company... [more]

Vecta Software Corporation, the Oxford-based supplier of sales intelligence software, has been acquired by Electronic Data Processing for £0.9m, payable in cash on completion. EDP has also acquired ce... [more]

Spiritel is to acquire Networks Direct UK, the provider of voice, broadband, wholesale line rental and non-geographic numbers, for £1.6m. The deal comprises an initial cash payment of £500,000 togethe... [more]

Flytxt, the mobile marketing company, has put its agency operations up for sale in a move to shift its focus to the technology side of the business. ... [more]

Carphone Warehouse is to acquire AOL UK for £370m after winning the auction for the business.... [more]

Internet search giant Google is to acquire the hit video-sharing website YouTube for $1.65bn (£883m) in shares.... [more]

Smart Telecom, the AIM-listed Irish telecommunications company, is expected to dispose of several of its non-core assets including its phonecards business. Trading in Smart Telecom's shares was tempor... [more]

Vebnet has acquired 4th Contact, the London-based employee benefits software company with 11 staff, from Star Technology for £661m. The deal consists of a cash consideration of £319,000 with the remai... [more]

Kingston Communications is to acquire Smart421, the Ipswich-based IT services company, for £24m. The acquisition will be paid for in cash. Smart421 will continue to operate smart as a separate entity,... [more]

Jersey Telecom, the telecoms company owned by the government of Jersey, is expected to be put up for sale early in 2007. The company is worth £200m and recorded pre-tax profit of £15m last year. Inte... [more]

Filtronic is reportedly considering further disposals following the sale of its wireless infrastructure division. The UK-listed electronics group is in the final stages of agreeing a sale to US compan... [more]