Freeserve and Wanadoo confirm merger

French ISP Wanadoo this morning confirmed that it is to acquire the UK's largest ISP, Freeserve, in a deal worth £1.6bn.

NEWS The deal values each Freeserve share at 157p. John Prothero, CEO of Freeserve, will join the Wanadoo executive committee. The deal still needs approval from Freeserve shareholders but is being recommended by the Dixons board. We'll have more on this story later...

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