Deals
Advent, Avista near deal for UCB's Kremers Urban
A consortium of buyout firms Advent International Corp and Avista Capital Partners is in advanced talks to acquire UCB SA's (UCB.BR) U.S. generic drugs unit Kremers Urban Pharmaceuticals Inc, according to people familiar with the matter.
FCC pauses clock on AT&T-DirecTV, Comcast-TWC merger reviews
The U.S. Federal Communications Commission on Wednesday paused its informal "shot clock" deadline on the reviews of the proposed mergers of AT&T Inc (T.N) and DirecTV (DTV.O) and of Comcast Corp (CMCSA.O) and Time Warner Cable Inc (TWC.N) over the issue of confidential programming agreements.
SoftBank leads $100 million investment in Indonesian ecommerce firm Tokopedia
SoftBank Corp announced Wednesday it will lead a $100 million investment round in Indonesian ecommerce giant PT Tokopedia, the Japanese mobile carrier's third investment overseas under Vice Chairman Nikesh Arora.
Lufthansa close to deal with IBM for IT infrastructure unit
German airline Lufthansa (LHAG.DE) is close to a deal to sell its IT infrastructure unit to IBM (IBM.N), including an outsourcing agreement for the services, as part of a shake-up of its technology activities, it said on Wednesday.