We use cookies to provide you with a better experience. If you continue to use this site, we'll assume you're happy with this. Alternatively, click here to find out how to manage these cookies

hide cookie message
80,259 News Articles

Wanadoo confirms takeover of Freeserve

Here come the French

France Télécom SA's ISP subsidiary, Wanadoo SA, this morning confirmed it has made a public offer to buy Britain’s largest ISP, Freeserve.

The offer by Wanadoo has already been recommended by the boards of Freeserve and its parent company, Dixons, the companies said in a statement.

The trading of shares of both companies has been suspended pending the announcement, due to be made at 11:30 am.

Last month, Freeserve confirmed that it was in talks with an unidentified company that wanted to buy the ISP in a stock deal.

Though Freeserve at the time would not name the possible partner, Wanadoo independently confirmed it was looking into the possibility of buying Freeserve from its parent company, Dixons Store Group.

Media reports, including ones in The Wall Street Journal and Financial Times, have valued any potential all-stock deal between Freeserve and Wanadoo at £1.8 billion.


IDG UK Sites

Acer Aspire R11 review: Hands-on with the 360 laptop and tablet convertible

IDG UK Sites

Apple Watch release day: Twitter reacts

IDG UK Sites

See how Framestore created a shape-shifting, oil and metal based creature for Shell

IDG UK Sites

Apple Watch buying guide, price list & where to buy today: Which Apple Watch model, size, material,?......