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WPP has presented a £1.082bn takeover bid to TNS’s shareholders, hoping to see off competition from the German market research company GfK.According to reports in the Financial Times, GfK was preparing a counter offer last night to rival any deal between TNS and WPP, which is rumoured to involve a financial backer who could allow… Continue reading WPP Makes Hostile Bid For TNS

ITV has hired Richard Parboo as new head of agency sales strategy in the online sales team, which covers itv.com and Friends Reunited.Parboo has left his role as head of networks for MySpace to concentrate on ITV’s online and broadband strategy.Parboo became one of the first hires in the commercial team during Fox Interactive’s start… Continue reading ITV Appoints New Sales Head

The board of TNS has unanimously rejected WPP’s £1.082 billion unsolicited takeover bid made earlier today, saying it “substantially undervalues TNS, even on a standalone basis.” This is the fourth takeover bid WPP has made and it came just prior to the 7.30am deadline set by the takeover panel for a formal offer for TNS.… Continue reading TNS Rejects WPP Takeover Bid

Bauer Advertising digital sales director Bruce Daisley has left the company as part of ongoing redundancies at the publisher.Sales director of magazines Jason Trout has also left the company as part of a wider restructuring of the publisher following its purchase of Emap in 2007.Bauer purchased Emap’s magazine and radio divisions for £1.14 billion last… Continue reading Daisley Leaves Bauer

Microsoft would be willing to re-enter takeover talks with Yahoo! but only if the company replaces its board of directors at its annual meeting on August 1. In a statement, Microsoft said that it “would be interested in discussing with a new board a major transaction with Yahoo!, such as either a transaction to purchase… Continue reading Microsoft Could Return With Yahoo! Bid If Board Changes

Global Radio has confirmed that it could cut up to 30 jobs in a “prudent reaction to the current economic climate”. Cuts are expected to be made across programming, human resources, technology and among journalists across LBC, Galaxy and Heart, according to a report on MediaGuardian.co.uk. Sources are reported as claiming that cuts will see… Continue reading Jobs Could Be Cut At Global Radio

Google has been forced to hand over details of its YouTube user database, including web addresses, to Viacom after a US court ruling. Entertainment company Viacom is currently pursuing a $1bn (£505m) copyright lawsuit against Google and will be able to use the information provided by YouTube as evidence in the case. Viacom wants to… Continue reading Google Forced To Hand Over YouTube Data

TNS has rejected a third bid from WPP Group valuing the market research company at almost £1.1 billion. The bid was made yesterday, the same day that the Takeover Panel gave the company a July 9 deadline to make a firm offer for TNS. TNS, which has already agreed a nil-premium merger with GfK, said… Continue reading TNS Rejects Fourth WPP Bid

TNS has rejected a third bid from WPP Group valuing the market research company at almost £1.1 billion.TNS, which has already agreed a nil-premium merger with GfK (see TNS And GfK Agree MergerTNS And GfK Agree MergerTNS And GfK Agree MergerTNS And GfK Agree MergerTNS And GfK Agree MergerTNS And GfK Agree Merger www.wpp.com

US anti-trust regulators have begun an investigation into the search advertising partnership between Yahoo! and Google. The investigation will look at whether the $800 million (£403 million) a year deal restricts competition in the market. A report in the Washington Post said that Justice Department investigators behind the anti-trust probe will take evidence from Google,… Continue reading US Regulators Investigate Yahoo!/Google Deal