Kroenke Sports acquires Outdoor Channel despite previous merger plans with Intermedia. After a heated discussion, Kroenke Sports and Entertainment LLC has acquired Outdoor Channel Holdings Inc.
Investors
IBM and EMC to Bid on SoftLayer
IBM and EMC are partnering to discuss takeover of SoftLayer. EMC Corp and IBM are quietly discussing with web hosting company SoftLayer Technologies Inc to purchase the privately held database web hosting company.
Buxton Moves Office to Rival
Buxton moves to Old Mutual from Schroders. The eminent head of UK equities at Schroders, Richard Buxton is one of the most renowned fund managers in Britain.
Five Oaks IPO Projected at US$85.5 million
Five Oaks to sell IPO stock worth US$85.5 million. The Five Oaks Investment Corp is an investor in mortgage backed securities. It is projecting that at its IPO, each of the 5.
Fisker Founder Resigns
Fisker Automotive founder resigns from company bearing his name. Henrik Fisker, the founder and executive chairman of Fisker Automotive, has quit his company.
Latest News
RBS to sell off shares in business interests. The Royal Bank of Scotland has put into motion its plan to further reduce its exposure in Direct Line. The move is to take advantage in the 20% rise in the insurer's share price since its flotation last year.
Alfa's share in the TNK-BP takeover by Rosneft to be reinvested. Alfa Group, the group that brokered the deal from the sale of the joint venture giant TNK-BP, is now discussing with former BP CEOs John Browne and Tony Hayward as to international oil venture projects.
Reliance Games expands into Korean and Japanese markets with acquisitions. Reliance Games is the mobile gaming subsidiary of Reliance Big Entertainment Pvt Ltd.
Walmart's ASDA to bid for beleaguered HMV. According to reports from the Telegraph, ASDA, the British division of US's biggest retailer Wal-Mart Stores Inc is contemplating a bid proposal for HMV, the former music retailer.
Berger Paints purchases Sherwin-Williams India. The Indian unit of American paint firm Sherwin-Williams was recently acquired by Berger Paints India Ltd.
Qantas moves forward with Emirates. Qantas, the Australian airline has discontinued its partnership with its associate airlines even if the final approval for its new association with Dubai's Emirates is still awaiting confirmation.
EMC and VMware venture into Pivotal to maximize asset potential. Software giant VMware Inc has projected revenue growth in the high 20's by year 2016 as its parent company EMC Corp announced a new revenue target.
Samsung's offer to purchase copier and printer unit declined by Sharp. Sharp Corp has declined an offer by Samsung Electronics to purchase its copier and printer unit.
CEO exit mulled as Sandridge strikes deal with TPG-Axon. SandRidge Energy Inc has forged a deal with hedge fund TPG-Axon Capital whose implication can lead to the exit of the company's chief executive officer.
