Word: bertelsmann
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...that Vodafone has won, the company seems intent on growing even larger. High on the agenda may be a deal with the German publisher Bertelsmann, which owns a 50% stake in AOL's European Internet operations. That would give the company access to Bertelsmann's and AOL's content. And though Mannesman CEO Chris Gent said last week that the current deal is so complicated that it is too early to talk in detail about other possible linkups, no one doubted that they are coming. Europe, it seems, is finally ready to do business at Net speed...
NEXT MOVE Bertelsmann? CBS? Time Warner? NBC? Microsoft? The bidding starts...
Daimler-Benz Viagra 295.7 70 euro 17.6 tamoxifen Metromedia 85 1997 XF11 4 Citicorp kava 125 Wells Fargo Lucent Technologies 3,609 Bertelsmann AG 206 laetrile Zarya Ritalin...
...view the stock as overpriced and believe the company faces a tangle of challenges. Its principal foe, Barnes & Noble, recently purchased the Ingram Book Group, the largest U.S. wholesaler to book retailers, including Amazon. This follows Barnes & Noble's sale of 50% of its website operations to giant publisher Bertelsmann AG, creating a potent synergy. Meanwhile, nine other major Web retailers, including CDnow and eToys, recently banded together in an online mall called ShopperConnection to better compete with Amazon. Well-funded upstarts like Buy.com keep coming. And the first "electronic books"--or flat displays that let you read a book...
...Bertelsmann is now one of the largest non-American players in the American media scene. In addition to BDD, its U.S. holdings include music labels such as RCA and Arista and magazines such as McCall's. The company plans to raise not only its U.S. profile but its revenue too, from a third of its bottom line to 40%. "The U.S. is a very big market," says Middelhoff. "Our position is O.K., but our properties must strengthen our position...