Clara.net Buys VIA NET.WORKS
Posted: 12th Apr, 2005 By: MarkJ
Clara.net, a provider that hasn't done much to keep up with the broadband price wars of late, has agreed to buy the troubled VIA NET.WORKS for a cool $27m:
Should the deal get all the necessary rubber stamps, it would mean that Claranet would snap up all of VIA NET.WORKS's European and US businesses, including PSINet Europe's operations and the Amen Group.
Three weeks ago VIA NET.WORKS called in PricewaterhouseCoopers to help it secure new financing to address what it described as an "urgent liquidity problem". Netherlands-based VIA NET.WORKS had given itself until the end of March to either find new investment or flog all or part of the business.
The Register reminds us that Clara.net also snapped up Via's UK operations late last year.
Should the deal get all the necessary rubber stamps, it would mean that Claranet would snap up all of VIA NET.WORKS's European and US businesses, including PSINet Europe's operations and the Amen Group.
Three weeks ago VIA NET.WORKS called in PricewaterhouseCoopers to help it secure new financing to address what it described as an "urgent liquidity problem". Netherlands-based VIA NET.WORKS had given itself until the end of March to either find new investment or flog all or part of the business.
The Register reminds us that Clara.net also snapped up Via's UK operations late last year.
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