Webwire: C&WW CEO quits; TerreStar accepts buyout bid

Cable & Wireless Worldwide chief Jim Marsh has quit after the firm issued another profit warning. Chairman John Pluthero is stepping into the role, and said he could consider selling assets to turn the business around.
Bankrupt satellite MNO TerreStar will accept a $1.38 billion (€957 million) buyout offer from US satellite TV company Dish Networks after receiving no competing bids.
Microsoft has launched Office 365, its cloud-based version of the Office desktop software suite.
The Motion Picture Association is taking landmark legal action to force UK incumbent BT to block access to pirated films on website Newzbin.
IP network testing system provider Ixia is acquiring performance testing company VeriWave for an undisclosed sum.
Ad firm Specific Media is closing in on a deal to acquire social network MySpace for between $30 million (€20.8 million) and $40 million – far less than the $100 million owner News Corp. originally mooted.