Microsoft co-founder Paul Allen's TechTV on the block
New York: Paul Allen, the entrepreneur and co-founder of software maker Microsoft is looking to sell his technology-related cable channel TechTV, The Wall Street Journal reported

TechTV, owned by Allen's investment firm Vulcan Ventures is worth between $250m and $300m, said the paper, citing sources.

Cable channel operator Viacom, and Sony, co-owner of the Game Show Network have been approached to buy TechTV, the Journal said.
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Amazon sues Web marketers for faking e-mail
New York: Amazon said on Tuesday it is seeking millions of dollars in punitive damages from 11 online marketers in a crackdown against e-mail advertisements that falsely bear the Amazon address and sully its name.

Amazon's lawsuits, filed in the United States and Canada, raise the profile of marketers fighting an onslaught of "spoofers" who use brand names in their e-mail addresses to lure unsuspecting customers.
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Adidas launches 400 mn euro convertible bond
New York: Adidas-Salomon said on Wednesday it was launching a 400-million euro ($435 million) bond convertible into around four million of its shares to help improve its debt situation and financing terms.

Adidas, the world's second biggest sportswear firm by sales after U.S. giant Nike, said in a statement that the bond, which has a 15-year maturity, would carry a coupon of 2.4 to 2.9 percent and a conversion premium of 40-45 percent.
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