The Mozilla Foundation announced on Wednesday that it’s creating a commercial subsidiary responsible for the development, testing and distribution of the organization’s open-source products.
The body, called the Mozilla Corporation, is wholly owned by the Mozilla Foundation and will plough all its revenue back into the foundation. Mitchell Baker, president of the Mozilla Corporation, said the foundation decided to create a commercial subsidiary, as its commercial activities were restricted through being a nonprofit organization.
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Unocal: Cnooc Sought Unocal To Pay Chevron Breakup Fee
(MORE TO FOLLOW) Dow Jones Newswires
August 03, 2005 15:42 ET
Unocal: Cnooc Discussed Possibility Of $69/Shr Offer
WASHINGTON (Dow Jones)–Unocal Corp. (UCL) disclosed Wednesday it had discussed a $69 a share offer with China’s Cnooc Ltd. (CEO) before Cnooc dropped its bid to acquire the oil producer on Tuesday.
Cnooc’s move to drop its bid means rival bidder Chevron Corp. (CVX) now stands poised to acquire Unocal after a vote by Unocal’s shareholders on Aug. 10.
(MORE TO FOLLOW) Dow Jones Newswires
August 03, 2005 16:58 ET
Unocal: Cnooc Discussed Possibility Of $69/Shr Offer -2-
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Read the full post (257 words, estimated 1:02 mins reading time)Posted by Administrator as Space News at 10:07 PM IST
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