Acquisitions

by Sandra Stoklaskova

These times we are living in an era of winning or loosing. Couple of years ago there were no supermarkets or shopping malls. People used to gain necessary goods in small shops, owned by one person, who was mainly also working in it. Then came these huge shopping buildings, where people could buy anything they needed under one roof, and the existence of smaller shops and little entrepreneurs was sealed.Like this it looks daily also with another businesses. Smaller one is overtaken by bigger one, or more successful one, which than is in charge of most events, running in this smaller company.Similar incident occurred also in ChoicePoint Inc., data company, offering private intelligence service to government and industry. It collects and analyze personal information of consumers and then sell them to the government and private sector. In last years, ChoicePoint had several difficulties, they worked hard to remove them, even though, they are now being bought by Reed Elsevier, parent of LexisNexis. The cost of this acquisition has been defined to $3.6 billion.Reed Elsevier is a world's leader in publishing information and solutions for professional users, who are operating in markets of Science& Medical, Business and Legal. Their goal is to become unthinkable partner to their target customers- lawyers, scientists and businessmen. To reach this aim Reed Elsevier wants to combine ChoicePont's data and analytics assets with LexisNexis' technology."A sale of more cyclical Business Information divisions and acquisition of the US data services group ChoicePoint, moves the company further into the arena of more defensive support services," said Reed Elsevier.

related story: http://news.yahoo.com/s/ap/20080221/ap_on_bi_ge/reed_elsevier_choicepoint;_ylt=AkaW0aWHdBHB3oloComL0ims0NUE

by Sandra Stoklaskova for PocketNews (http://pocketnews.tv)

PocketNews is a new real-time news broadcaster delivering the latest and hottest news right to your pocket ! With global clients who want to be kept up to date, PocketNews is everyone's way of keeping in touch with the World.

These news are brought to you by CantellTV, its technology partner SigEx Telecom and its founder Chris Cantell. CantellTV is the fastest growing provider of digital broadcasting coupled with enhanced communications, allowing people to easily control, view, upload and share digital content through proprietary interface. CantellTV has relationships with a growing network of international clients delivering millions of videos per day with more than 50,000 new videos uploaded and 200 hours of new TV shows broadcasted daily to a wide range of viewers, from 5 to 7 year olds of LiveCartoons; to 16 to 24 year old active social users of MyJumps; to fortune 50 corporate clients utilizing enhanced broadcasting services. CantellTV is committed to delivering infinite choices to your world of entertainment at the tip of your fingers. Chris Cantell retains consulting arrangements with several pre-IPO companies.


Posted by: Maria Vidlickova

Labels: Acquisitions, CantellTV, Chris Cantell, Christopher Cantell, digital broadcasting, SigEx Foundry, SigEx Telecom