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Permira buys Ancestry.com for $1.6 bn

European private equity group Permira will take over the popular Nasdaq-listed genealogy website Ancestry.com for $1.6 billion in cash, Permira announced on Monday.

Japan's once-mighty tech industry has flagged

In the 1980s, Sony co-founder Akio Morita fired a verbal missile across the Pacific at Silicon Valley: Japan's supremacy in business and technology would overwhelm U.S. competitors and lead to America's decline.

Zayo Group buying AboveNet for $2.2B

(AP) -- Telecommunications company Zayo Group said Monday it will acquire AboveNet Inc. for $2.2 billion. Both companies offer Internet and phone services to companies over fiber-optic networks.

Cisco to buy video tech company NDS for about $4B

(AP) -- Cisco Systems Inc. is buying digital video technology company NDS Group Ltd. for about $4 billion to enhance its video offerings to pay-TV providers and expand in emerging markets.

Alibaba, Softbank discussing Yahoo! bid: report

China's Alibaba Group and Japan's Softbank are in talks with private equity firms about making an unsolicited bid for Yahoo!, according to the Bloomberg financial news agency.

Time Warner bids 1B euros to acquire Endemol

(AP) -- Time Warner Inc. has made an unsolicited bid to acquire Endemol, the Dutch entertainment giant behind hit reality TV shows like "Big Brother" and "Deal or No Deal."

Ex-News Corp. boss won't rule out buying Yahoo!

Former News Corp. boss Peter Chernin said Friday he will not rule out buying Yahoo! but suggested the time was not right, amid intense speculation on the future of the struggling US Internet giant.

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