Verizon Communications Inc (VZ.N) approached AOL Inc (AOL.N) about a potential acquisition or joint venture to expand its mobile-video offerings, Bloomberg reported, citing people with knowledge of the matter.
Deals
India's Videocon d2h to sell stake worth up to $375 million to U.S. firm
Indian satellite television operator Videocon d2h Ltd has agreed to sell shares worth up to $375 million to U.S.-based Silver Eagle Acquisition Corp EAGLU.PK and the proceeds will be used to expand its services.
Dick’s Sporting Goods explores going private
Dick's Sporting Goods Inc (DKS.N) is holding early-stage conversations with a handful of buyout firms about going private, according to people familiar with the matter.
Laundry facilities company WASH explores sale
WASH Multifamily Laundry Systems, whose washers and dryers are used weekly by more than 5 million people in North America, is exploring a sale that could value it at more than $900 million, including debt, according to people familiar with the matter.
Coach to buy shoemaker Stuart Weitzman to expand luxury offerings
Coach Inc (COH.N) will buy women's luxury footwear company Stuart Weitzman Holdings LLC, as it looks to expand its high-end offerings to better compete with rivals such as Michael Kors Holdings Ltd (KORS.N) and Kate Spade & Co (KATE.N).
Latest News
German consumer goods and industrial glue maker Henkel wants to expand in the area of consumer branded goods and hair care and could consider a large acquisition, the company's chairwoman told German newspaper Welt am Sonntag.
More than 100 employees at the U.S. interdealer broker GFI Group have asked the company to alter their contracts to allow them to leave if a hostile takeover bid by a rival firm succeeds, according to a report on Sunday by the Financial Times.
Micromax Informatics, India's second-largest smartphone maker, plans to raise as much as $500 million through a stock market listing in its financial year beginning in April, the Economic Times newspaper reported on Saturday.
Global Resorts, the investment vehicle of Italian tycoon Andrea Bonomi, has decided not to raise its offer for struggling French resort operator Club Mediterranee and to withdraw its bid, ending France's longest-running takeover battle.
Chinese online game developer Perfect World Co Ltd (PWRD.O) said it received a go-private proposal from founder and Chairman Michael Yufeng Chi at $20 per ADS, valuing the company at nearly $1 billion.
Banco do Brasil SA (BBAS3.SA), the nation's largest bank by assets, said on Friday it received approval from the central bank for a joint venture with card payment processor Cielo SA (CIEL3.SA), but it will not be able to book accounting gains from the deal.
Shake Shack Inc's filing this week for an initial public offering underscores a question for investors and foodies alike: How hungry are U.S. consumers for another burger chain?
A federal judge said on Tuesday she would approve a $26 million settlement between Atlantic City and the Revel Casino Hotel that will provide much-needed cash for New Jersey's struggling gambling hub and a tax cut for the shuttered gambling complex.
Detroit's historic bankruptcy, which officially ended earlier this month, cost the city nearly $178 million in fees and expenses for teams of lawyers and consultants, according to a city court filing on Tuesday.
