PRESS DIGEST- Financial Times - Dec 12
Dec 12 (Reuters) - The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy.
Headlines
* Apple confirms plans to buy music recognition app Shazam http://on.ft.com/2C3qjgR
* TalkTalk slides to 5-year low on covenant worries http://on.ft.com/2C4pW5T
* French IT services group Atos proposes 4.3 bln euro deal for Gemalto http://on.ft.com/2C4gzTN
* UK pipeline shutdown sends oil and gas prices soaring http://on.ft.com/2C5Vgkw
Overview
- Apple Inc confirmed its plans to buy UK-based music recognition app Shazam, in its biggest acquisition since the deal to buy Beats Electronics in 2014.
- Jefferies analysts said the broadband provider TalkTalk Telecom Group Plc was heading for a breach of debt covenants after which after which the company slumped to a five-year low on Monday.
- French IT services group Atos SE proposed to buy Gemalto NV in a deal worth about 4.3 billion euros.
- UK North Sea's main pipeline system is likely to be shut for weeks for emergency repairs. The news sent oil and gas prices soaring as the country braces itself for a prolonged cold snap. (Compiled by Bengaluru newsroom Editing by Sandra Maler)
