Drayton McLane Jr, Comcast and NBC Universal said that Jim Crane's claim that they cheated him out of the acquisition deal of US professional baseball team the Houston Astros was ludicrous.
Investors
Pfizer Ltd to take over Wyeth Ltd
A Saturday announcement revealed that Pfizer Ltd, Pfizer Inc's Indian unit, would be merging with its local affiliate Wyeth Ltd after both pharmaceutical firms' boards approved the deal.
Diffbot, Semantria form special partnership to analyze scores of text on the Web
A revelation from Semantria founder Oleg Rogynskyy disclosed that the partnership of the sentiment and text analytics services provider and Web scraping API developer Diffbot was born at a hackathon in San Francisco.
Court gives approval for TransUnion-TLO merger
TransUnion securing the approval from the US Bankruptcy Court for the Southern District of Florida to acquire TLO LLC would mark the end of the court-supervised acquisition.
Court approves KPS bid for Furniture Brands
The US Bankruptcy Court for the District of Delaware approved the USD280 million bid of KPS Capital Partners for Missouri-based bankrupt company Furniture Brands International.
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Colorado-based building and battery startups Prescient, Boulder Ionics, and RoundPegg announced that they received funding from investors this week, which will be used for expansion and development.
TPG Capital believes there are still many opportunities can still be found in the cost-saving goal of the country's current health-care reform, as stated by a principal at the megafirm.
Buyers of new homes in CastleRock Communities would be having the choice of equipping their homes with solar power with the agreement signed by the homebuilder and solar power provider SolarCity.
Norway's Aker Solutions ASA on Friday announced that it will divest its well intervention business to Swedish private equity firm EQT Partners. The transaction is worth USD654.31 million, including debt.
Kareem Serageldin, a former banker of Credit Suisse, was sentenced to 30 months in prison for his role in the scheme that inflated the prices of subprime mortgage bonds artificially at a time when housing and credit conditions were taking a turn for the worse.
California-based Green Dot Corp. intends to buy GE Capital's Wal-Mart branded prepaid debit cards. The deal will bring in over USD276 million in total deposits to Green Dot's bank in Utah.
Chinese real estate developer Sichuan Xinglida Group Enterprises Co bought the Torrance Marriott hotel in South Bay, California for USD74 million, according real estate broker John Strauss.
NBC Universal is close to getting a minority stake in a new company being formed by technology journalists Walt Mossberg and Kara Swisher whom runs AllThingsD from sources whom are familiar with the situation.
Microsoft Corp. is set to secure a European Union (EU) approval for its proposed USD7.3 billion takeover of Nokia's mobile phone business. Regulators from various countries had already given the green light to the deal.
