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

Sony Xperia Z3+ release date, price and specs: The Xperia Z4 for the UK

IDG UK Sites

Why Intel’s vision of the future is a future I want to live in

IDG UK Sites

10 amazing, creative uses of tech – and the brands behind them

IDG UK Sites

Jony Ive 'semi-retired' into new role: kicked upstairs as Chief Design Officer