The future of FreeServe, Britain's largest ISP, has reportedly been placed under review by its controlling shareholder, the electrical retail chain Dixons. Word is that investment bank Goldman Sachs has been hired to review the future of the subsidiary.
According to reports in Sunday Business newspaper, Dixons is mulling the sale of its 80% stake - or merging Freeserve with another internet company or media group. Freeserve was floated on the stock market last year, under the terms which Dixons cannot sell its stake until July.
The reports are likely to trigger a leap in the share prices both of Dixons and FreeServe, the latter already buoyant following rumours last week that Europe's largest internet service provider T-Online was interested in buying it. Such a merger would create of one of the world's largest internet service providers with nearly seven million registered users.
Sourced from: BBC Online Business News