Fairfax Shares Rise During Bidding War

Fairfax’ shares have risen by 6.9 per-cent, taking them to a six-year high, after receiving competing bids for the company. The competing bids come from Australian telecommunications company TPG and US private equity company Hellman & Friedman. Hellman & Friedman are an established media investment company located in both New York City and San Francisco.…

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Facebook: Has The Bubble Burst?

It’s well known that social media giant Facebook is one of the most recognised social media platforms in the world- But is it the beginning of the end? A recently released study conducted by the Pew Research Center’s Internet and American Life Project, concludes that around 1 in 4 American Facebook users are planning to…

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Fired CEO of Groupon has posted memo to staff online

Daily deals site Groupon, announced today that it is replacing CEO Andrew Mason after the share price plunged 24% yesterday due to bad quarterly results. Vice Chairman Ted Leonsis will take over effective immediately, until a new chief executive is found. In his new position, Leonsis said: “Groupon will continue to invest in growth, and we are…

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Vodafone’s LTE for Qatar but not Australia.

Vodafone is currently sitting behind the eight ball when it comes to the roll out of their 4G LTE service in Australia, despite confirming to the wider asian business community that their LTE service in Qatar would be up and running in months. This is despite networks such as Telstra and Optus already having 4G…

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