M&A

PartyGaming Merges with Bwin



PartyGaming and Bwin Interactive Entertainment, Europes two biggest operators
of Internet betting sites plan to merge. With the merger, this will be the

worlds largest publicly traded online gambling company. The deal comes at a

time when a number of governments both in Europe and the United States are

relaxing the rules on online gambling, hoping to tax the activity and use the

revenue to reduce gaping budget shortfalls.

Reliance Infra Merges with GTL



The flagship company of the Anil Ambani group, Reliance Communications (RCom)

will combine its telecom towers business with GTL Infrastructure in a deal that

will create a transmission network valued at Rs 50,000 crore. The union of RCom

unitReliance Infratel and GTLa listed entity promoted by Manoj Tirodkarwill

create the worlds largest independent telecom infrastructure firm, operating

80,000 towers with 1,25,000 tenancies from ten telecom firms.

Yahoo-Bing Alliance



Exactly a year after the Yahoo-Microsoft search alliance was proposed, the

Yahoo-Bing combo has begun unfolding integration results. The initial gains in

the search share in the US market, as shown in the July data from comScore for

both the parties, will further improve with time. For now, all eyes are on the

Bing-Yahoo changeover. With the transition, the company will be totally

dependent on Microsoft Corp.