French digital deal for TPS.France's Suez Lyonnaise ly·on·naise adj. Cooked with onions: lyonnaise potatoes; potatoes lyonnaise. [From French (à la) Lyonnaise, (in the manner) of Lyon, from Lyon. des Eaux and M6 signed an agreement in late February to buy out Luxembourg-based CLT-UFA's share of the digital satellite venture TPS (1) (Transactions Per Second) The number of transactions processed within one second. TPS is a better rating for the performance of hardware and software than the common MHz and GHz rating of the computer. . Suez Lyonnaise des Eaux will purchase 15 percent and M6 will purchase 5 percent of CLT-UFA's 20 percent stake in the venture. The sale price, which takes into account TPS' financial debt and a minority discount, is 395 million francs (U.S.$64.9 million). Once Suez Lyonnaise des Eaux and M6 have forked See forked version. forked - (Unix; probably after "fucked") Terminally slow, or dead. Originated when one system was slowed to a snail's pace by an inadvertent fork bomb. over the dough, each company will own 25 percent of TPS. "Communications is one of our four core businesses that we have identified for growth," said Gerard Mestrallet, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Suez Lyonnaise des Eaux. "This transaction is a strategic step to increase our participation in digital pay-TV satellite broadcasting." At the close of last year, TPS was valued at 3.6 billion francs (U.S.$591.2 million). |
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