EUROPE: France Telecom Wants Wanadoo
Posted on: Friday, 7 May 2004, 06:00 CDT
France Telecom wants to buy out investors in its Internet service provider Wanadoo.
The French telecommunications services provider plans to launch a tender offer to acquire the remaining 29.4% stake it does not already own in the ISP.
The cash-and-shares bid was valued at about $4.9 billion.
If the buyout goes as planned, France Telecom says it may consider a partial initial public offering of its Pages Jaunes, or Yellow Pages, directory business.
Copyright Global Finance Media Inc. Apr 2004
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