Alex Degroote News
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After losing almost 80 percent of its value in two years, one share of Promotora de Informaciones SA costs less than a copy of El Pais, the best-selling Spanish newspaper published by the Polanco family-controlled company.
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Warburg Pincus LLC and Silver Lake agreed to buy Pearson Plc’s Interactive Data Corp., a provider of financial market data and services, for $3.4 billion, in the biggest private-equity deal this year.
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Photographs of three murdered journalists line the glass cabinet at the entrance of Alexander Lebedev ’s Novaya Gazeta newspaper in Moscow, below a shelf with a computer Mikhail Gorbachev once used.
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Warner Music Group owner Len Blavatnik withdrew his bid for EMI Group’s recorded music business after failing to agree on a price with owner Citigroup Inc., two people with knowledge of the situation said.
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Warner Music Group is the favorite to win EMI Group’s catalog of recorded music after bidding $1.5 billion to $1.6 billion, two people with knowledge of the talks said.
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European publishers, rushing to develop ever glossier applications for Apple Inc. ’s iPad, are turning to an old-fashioned prop for growth: the classified ad.
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Groupon Inc. has held talks with banks about an initial public offering that would value the online-coupon company at as much as $25 billion, according to two people with knowledge of the discussions.
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The U.K.’s Guardian took down Britain’s best-selling Sunday newspaper by exposing that the Rupert Murdoch-owned tabloid hacked a murder victim’s voicemail. It may still lose an intensifying battle for British readers.
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Microsoft Corp. , Yahoo! Inc. and Google Inc. have taken their battle to become the online advertiser of choice to the sandy shores of Cannes, wining, dining and making pitches to the world’s biggest ad agencies.
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From poker-table salesmen rubbing shoulders with piano makers at the “ Cruise Shipping Miami ” event to buyers of toilet paper gathering at “ Tissue World ” in Nice, France, more businesses are hitting the road again.
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