Business news for Tue, 18 Dec 2007 & with word acquire. 6 news.

SEVEN Network now has a 93 per cent interest in Unwired Group and wants to compulsorily acquire the remaining 7 per cent of the target's shares.

A scheme of arrangement that will see the Industrial and Commercial Bank of China, acquire a 20% stake in Standard Bank has been sanctioned by the High Court.

South African media group Naspers has agreed to buy former dotcom darling QXL Ricardo, now known as Tradus, for £946m, as part of its strategy for internet expansion. Tradus, an online auctioneer which is principally based in Switzerland and Poland, first revealed it was in takeover talks on November 7, with US rival eBay and Chinese giant Alibaba.com tipped as mystery bidders. Naspers announced today that it plans to pay £18 a share for Tradus - a premium of just over 19pc to the group's closing share price on November 6. Tradus' shares jumped more than 9pc in early trading this morning,

South African media group Naspers has agreed to buy former dotcom darling QXL Ricardo, now known as Tradus, for ?946m, as part of its strategy for internet expansion.

Mobile phone rivals T-Mobile and 3 have unveiled a major network-sharing deal that aims to boost coverage and save millions of pounds in infrastructure costs. Some analysts believe the plan could pave the way for T-Mobile to eventually buy 3, which claims to have Britain's most comprehensive network based on third-generation mobile technology. 3 claims 90pc population coverage and T-Mobile UK, run by chief executive Jim Hyde, says it has 85pc coverage for the technology, which offers higher data speeds for mobile users. However, both companies have gaps in their networks, particularly outside major urban conurbations. They face large bills to acquire more

Diversified manufacturer Ingersoll-Rand Co. Ltd. on Monday said it agreed to acquire Trane Inc., an indoor heating and air conditioning systems maker, for about US$10.1 billion in cash and stock to expand its climate control business.