Telefonica (TEF.MC) has agreed to sell its British unit O2 to Hutchison Whampoa Ltd (0013.HK) in a deal valued at more than 10 billion pounds ($15 billion), a source with direct knowledge of the operation said on Thursday.
Deals
SkyMall, known for in-flight catalogs, lands in bankruptcy
SkyMall, whose in-flight shopping catalogs have long been a staple of airline travel, has filed for bankruptcy protection, blaming changing consumer habits and the loss of contracts from two major carriers, Delta and Southwest.
Expedia Inc acquires Travelocity in $280 million deal
Expedia Inc (EXPE.O) has acquired online travel agency Travelocity from technology company Sabre Corp (SABR.O) for $280 million in cash, the companies said in a statement on Friday, as consolidation in the online booking industry continues.
Dealmakers in Davos see more M&A despite geopolitical risks
Low borrowing costs, currency shifts and the hunt for both cost savings and growth opportunities will drive a steady flow of merger and acquisition deals this year despite geopolitical tensions, according to business leaders meeting this week.
Sri Lanka softens its stance on China port city deal
Sri Lanka's new government said on Thursday it might renegotiate a $1.5 billion "port city" deal with China Communications Construction Co Ltd (601800.SS), softening its pre-election threat to scrap the project.
Latest News
Jollibee Foods Corp (JFC.PS), the Philippines' largest fast food company, said on Thursday it is keen to buy a U.S.-based fast food firm with a market value of at least $1 billion to advance a goal of boosting revenues from outside its home base.
U.S. tech giant Amazon is in talks to buy Israeli chipmaker Annapurna Labs for up to $370 million, financial newspaper Calcalist reported on Thursday.
China's biggest property conglomerate, Dalian Wanda Group Co, has bought 20 percent of Spanish soccer champions Atletico Madrid for 45 million euros ($52 million), becoming the first Mainland company to invest in a premier European club.
Hong Kong's Cheung Kong Infrastructure Holdings Ltd, backed by Li Ka-shing, Asia's richest man, has bought Britain's Eversholt Rail for an enterprise value of 2.5 billion pounds ($3.8 billion), the latest in a string of Asian buyers targeting European assets.
RWE is exploring the sale of power plants, its chief operating officer told Reuters on Tuesday, frustrated with profit erosion and lack of political support for its struggling generation units.
Online travel agency Orbitz Worldwide Inc (OWW.N) is exploring a sale and has drawn interest from private equity firms and other internet companies, Bloomberg reported, citing people with knowledge of the matter.
Salix Pharmaceuticals Ltd SXLP.O, a maker of bowel drugs, is working with investment bank Centerview Partners Holdings LP to explore its options, including a potential sale to a larger drugmaker, according to three people familiar with the matter.
Cheung Kong Infrastructure Holdings Ltd (CKI), backed by Asia's richest man Li Ka-shing, plans to raise up to $521 million in a Hong Kong share offering to fund its investment in Britain's Eversholt Rail, IFR reported late on Tuesday, citing a term sheet of the transaction.
Twitter Inc on Tuesday said it will buy Indian mobile phone marketing start-up ZipDial, reportedly for $30 million to $40 million, as the U.S. microblogging service looks to expand in the world's second-biggest mobile market.
