Takeover talks lift Thomson share prices

Shares of French media technology group Thomson surged by 6.66% on talk that it was a target for a takeover bid, an AFP report said.
The report said the group, a leader in digital television and film technology, was periodically the subject of takeover rumors, the latest coming in the form of a report on Sunday in the British newspaper The Business that investment banks were putting together a bid of 5 billion euros ($6 billion).
The report said that in the last two weeks, investment funds had been invited to join the consortium.
The report said the approaches followed remarks by Thomson chief executive Frank Dangeard on February 28 to the effect that the company was open to approaches to strengthen its position as the world leader in the field of video and television set-top box technology.

Suggested Articles

Wireless operators can provide 5G services with spectrum bands both above and below 6 GHz—but that doesn't mean that all countries will let them.

Here are the stories we’re tracking today.

The 5G Mobile Network Architecture research project will implement two 5G use cases in real-world test beds.