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It is the second major consolidation move for Rupert Murdoch in less than a week.
The acquisition is the latest consolidation move in the private banking industry, as firms look to bolster their operations to gain access to the new markets of emerging economies.
They operate under one name courtesy of a consolidation move in 2013, but are separate companies.
Again, it's a fallout from as these firms, I mean, I was part of a consolidation move.
This is a consolidation move to build up Claranet's service portfolio, as well as to pick up more customers.
Today, Boku is making its first acquisition in another consolidation move: it has acquired Qubecell, India's largest carrier billing company.
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Murdoch has already started making consolidation moves in the content industry.
Yes, I believe, there will be consolidation moves in our industry.
"Nokia supports such consolidation moves," a spokeswoman said.
Major consolidation moves are underway in the UK mobile market.
An NXP takeover by Qualcomm would be the latest in a string of semiconductor industry consolidation moves made recently.
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CEO of Professional Science Editing for Scientists @ prosciediting.com