News in the Technology sector

UK competition watchdog the Office of Fair Trading (OFT) is considering whether to review the planned merger of mobile phone companies Orange and T-Mobile after the two firms submitted their proposal to European regulators. The body has until 15 February to make a ruling on the matter. [more]

AeroMobile Limited, the London Gatwick-based provider of in-flight mobile phone connectivity services, has been placed into administration with the need to secure new funding. [more]

Raymarine, the electronic device supplier to the leisure marine market, has breached its banking covenants and is looking for a buyer or an equity fundraising. [more]

The planned demerger of Cable & Wireless, due to take place in March next year, could lead to a sale of one or both of the units, according to repo [more]

Smiths, the technology and engineering group that produces airport X-ray scanners and mechanical seals on medical equipment, is preparing for a sale. [more]

Yellowfin, a Hampshire-based engineering company, has been placed into administration after running out of funds, and experiencing pressure from its creditors. [more]

It has been reported that the education technology company, Promethean, founded over 30 years ago by Tony Cann, is considering a stock market flotation. [more]

Synetrix, the provider of IT and broadband services to public bodies and schools, has reportedly been put up for sale by APAX Partners, which has appointed Oakley Capital to advise on the deal. [more]

High-resolution display specialists Screen Technology Group plc and its division Screen Technology Limited have appointed administrators at McTear Williams and Wood. [more]

Symantec has bought Messagelabs, the Gloucestershire based email security firm, for a reported £397m in cash. Brothers Ben and Joe White founded Messagelabs in 1999 and has since grown to become the world's largest messaging business. The brothers own about 26 percent of the shares. The co-founder Rory Sweet has a 17 [more]

Detica, a security technology firm, has seen its shares rise after receiving an informal bid approach from BAE Systems. [more]

Inmarsat, the UK-listed satellite communications provider has received a takeover offer from Harbinger Capital, the activist American hedge fund investor. [more]

Racal Acoustics, the Harrow-based maker of military communications headsets, could be put up for auction. [more]

Cable & Wireless (C&W) has recently made a bid approach for its riva [more]

Global Crossing, the US telecommunications company is considering selling off or merging its UK division with a rival. [more]

Evesham Technology, the troubled computer builder, has been put on the market by its parent company, PCC Technology Limited, the investment group based in Dubai. [more]

In what could be the biggest internet deal of 2008, Microsoft announced today that it has made a formal proposal to the Board of Directors of Yahoo! Inc. to acquire all the outstanding shares of Yahoo! stock for $31 per share in a cash plus stock deal. This is effectively a 62 percent premium to Yahoo!'s current trading p [more]

Ingram Micro has acquired Oxfordshire-based Paradigm Distribution, the company which specialises in auto-ID/data capture and point-of-sale technologies. [more]

Nokia Siemens Networks has announced the intended acquisition of Apertio Ltd., the leading provider of open real-time subscriber data platforms and applications built specifically for mobile, fixed, and converged telecommunications operators. Nokia Siemens Networks will pay around €140m for the acquisition, which is expected to close in the first quarter of 20 [more]

Glen Group plc has announced that it has entered into a conditional agreement relating to the sale of the business and assets of its wholly owned subsidiaries, Eclectic Group Limited and I G Software Limited, for the sum of up to £3m payable in cash. The agreement, which is subject to [more]