An investor group led by Leonard Blavatnik, owner of Warner Music, is investment $60 million to Beats Electronics LLC which plans to launch a music subscription service.
Deals
Deutsch Telekom Says No DOJ Objection to MetroPCS-T-Mobile Merger
Deutsch Telekom said in a statement it received no objection from DOJ as it completes merger between its T-Mobile and MetroPCS.
Virgin Media to Expand Online
The purchase of Virgin Media by Liberty Global revises conduct of company online. United Kingdom television cable provider Virgin Media Inc has been bought out by media giant Liberty Global Inc.
Verizon Seeking Full Control
Verizon and Vodafone discussing future of Verizon Wireless. Verizon Communications Inc, which is now deep in a battle for control with Vodafone Group Plc, has proposed to dissolve their relationship through the wireless joint venture.
Emirates to float Sukuk Sale
Islamic bonds to be issued by Emirates Airline. The world's largest airline in terms of international traffic, Emirates Airline would begin holding meetings with investors for the possible sale of Islamic bonds called sukuks.
Latest News
Nasdaq and SharesPost to create new market for privately held securities. A new marketplace for shares trading of unlisted companies would be rolled out as a joint venture between Nasdaq and SharesPost Inc.
Consortium of equity firms deliberating on whether to pursue purchase of Life Tech. A joint offer is being mulled for the purchase of Life Technologies Corp.
VEBA and Fiat most likely to break impasse to avoid lowered share value at IPO. In recent remarks, Fiat CEO Sergio Marchionne said that the Italian carmaker would most likely agree to the valuation of VEBA for its 41.
Ferro made it clear that it wanted to sell more of its assets as it continues to see drop in its operating profit.
Few fund firms and banks remain in Armacell auction. After Goldman Sachs and Equistone pulled out of the race, only a few buyers are still in the hunt to land Armacell, the German insulation firm.
Southeastern Asset Management has formally filed notice for Dell to open its books for review. (Photo : Reuters) The image is Michael Dell making a presentation to shareholders.
After clashing with Baghdad, Exxon now exploring possibility of partnering with China to develop Iraq oilfield interests.
Ardent Mills would be the new company formed for the venture between ConAgra Foods, Cargill and CHS Inc.
HSBC Holdings has decided to sell its two portfolios of consumer loans in the U.S. for $3.2 billion in cash as it continues to minimize business presence in the country following the housing market crash.
