Following Yahoo's recent acquisition of Kimo.com (
Information about the purchase was reportedly leaked to local Chinese-language media by one of SeedNet's board members.
SeedNet's market value is likely to rise to around NT$20 billion. Therefore, GigaMedia's merging price might be at least NT$10 billion. Because of the high price of such an acquisition, the paper said that both companies may decide to swap shares in order to finalize the deal, possibly as soon as the first quarter of next year.
Nevertheless, some of SeedNet's board members were said to be unhappy with the price. Although both sides entered discussions on several occasions, a lack of consensus could put the plan on hold, the report said. SeedNet has more than 500,000 dial-up Internet users, including some 5,000 corporate users.
The Institute for Information Industry (
Since domestic Internet users are primarily concerned about the dial-up speed over subscriber rates when choosing an Internet service provider, institute analysts say that if GigaMedia can acquire Seednet, it will help GigaMedia to attract more customers.
In a small town in Paraguay, a showdown is brewing between traditional producers of yerba mate, a bitter herbal tea popular across South America, and miners of a shinier treasure: gold. A rush for the precious metal is pitting mate growers and indigenous groups against the expanding operations of small-scale miners who, until recently, were their neighbors, not nemeses. “They [the miners] have destroyed everything... The canals, springs, swamps,” said Vidal Britez, president of the Yerba Mate Producers’ Association of the town of Paso Yobai, about 210km east of capital Asuncion. “You can see the pollution from the dead fish.
MULTIFACETED: A task force has analyzed possible scenarios and created responses to assist domestic industries in dealing with US tariffs, the economics minister said The Executive Yuan is tomorrow to announce countermeasures to US President Donald Trump’s planned reciprocal tariffs, although the details of the plan would not be made public until Monday next week, Minister of Economic Affairs J.W. Kuo (郭智輝) said yesterday. The Cabinet established an economic and trade task force in November last year to deal with US trade and tariff related issues, Kuo told reporters outside the legislature in Taipei. The task force has been analyzing and evaluating all kinds of scenarios to identify suitable responses and determine how best to assist domestic industries in managing the effects of Trump’s tariffs, he
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ASML Holding NV, the sole producer of the most advanced machines used in semiconductor manufacturing, said geopolitical tensions are harming innovation a day after US President Donald Trump levied massive tariffs that promise to disrupt trade flows across the entire world. “Our industry has been built basically on the ability of people to work together, to innovate together,” ASML chief executive officer Christophe Fouquet said in a recorded message at a Thursday industry event in the Netherlands. Export controls and increasing geopolitical tensions challenge that collaboration, he said, without specifically addressing the new US tariffs. Tech executives in the EU, which is
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