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Google considering a takeover of Reuters?
BlobFisk

WebmasterWorld Senior Member blobfisk us a WebmasterWorld Top Contributor of All Time 10+ Year Member



 
Msg#: 538 posted 9:10 am on Sep 9, 2005 (gmt 0)

[money.telegraph.co.uk...]


Financial information provider Reuters was in demand yesterday as dealers speculated it could be the latest FTSE 100 stock to receive a takeover approach. The shares rose 6 to 368p on talk that internet search engine Google was considering a bid. A hefty 38m Reuters shares were traded.

Also on the Guardian: [guardian.co.uk ]. More balanced approach:


However, analysts reckon Google is more likely to follow rival Yahoo! and use its cash resources to buy overseas, possibly in China.

 

MarkHutch

WebmasterWorld Senior Member 10+ Year Member



 
Msg#: 538 posted 8:18 am on Sep 11, 2005 (gmt 0)

This is very interesting news, I plan on following this in the weeks to come. If Google does go into China, I hope they don't make the mistake Yahoo did with that report that got jailed.

TinkyWinky

WebmasterWorld Senior Member 10+ Year Member



 
Msg#: 538 posted 4:54 pm on Sep 13, 2005 (gmt 0)

Well they will certainly get in front of a load of trading screens (although who has time to do searching as a trader?) - but this would be a very different ball game from current business focus.

Bloombergs I think (could be wrong) is key competitor - and are streets ahead interms of revenue and market share. Last I heard the issue with Reuters recently has been it's lack of drive to increase market share in this very niche market - not sure why Google would want to do this?

Essex_boy

WebmasterWorld Senior Member essex_boy us a WebmasterWorld Top Contributor of All Time 10+ Year Member



 
Msg#: 538 posted 9:14 pm on Sep 13, 2005 (gmt 0)

As THE infomation on the web owning them would be a major step forward, makes MSN look unambitous.

I fthis continues teh search engine is going to be a small part of teh empire.

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