DMGT will integrate some operations but appears to rule out editorial job cuts
The owner of the Daily Mail has bought the i newspaper and website for £49.6m as a new wave of media consolidation hits the UK national and regional newspaper market.
Daily Mail and General Trust (DMGT), which also owns the Mail on Sunday and Mail Online, had been the frontrunner to seal a deal after entering exclusive talks with the i’s parent, JPI Media, in September.
Continue reading...It’s hard to see why the Chinese firm wants to take over a loss-making business in a tough market
Half the woes for steelmakers in Britain derive from dumping into world markets by Chinese producers, or so we have been told for a couple of decades. So it is a strange sort of rescue for British Steel that ownership should pass to a little-known Chinese conglomerate, Jingye, offering a vague promise to invest a large sum.
Any buyer is better than none, of course, since the effects of irreversible closure of the Scunthorpe steelworks would be appalling. Top of the list would be 4,000 jobs, with another 20,000 in the supply chain. Then there would be the huge environmental clean-up costs.
Continue reading...Takeover allows web giant to take on Apple in fast-growing smartwatch and wearables business
Google has snapped up the Fitbit fitness tracker business in a $2.1bn (£1.6bn) deal that will enable the search giant to go toe-to-toe with Apple in the fast-growing smartwatch and wearables business.
Google is paying cash for the San Francisco-based Fitbit, which was set up in 2007.
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