AEG now off the market according to owner Phil Anschutz. Phil Anschutz, billionaire owner of AEG, has pulled out his sports, music and arena company from the market.
Investors
AT&T addrsseses rumors on sale of non-core assets
AT&T puts to rest speculations on the sale of its non-core assets. AT&T announced last Thursday that it would be selling off its non-core assets in order to gain additional financial flexibility.
Drake to be purchased by McKee Foods
Hostess brand Drake's to be bought by McKee Foods. Bankrupt snack cake icon Hostess Brands Inc announced that its Drake's snack cake subsidiary would be purchased by McKee Foods Corp.
DirecTV ends chase for Vivendi's GVT
DirecTV withdraws from race to buy Vivendi's GVT. The largest American satellite television provider, DirecTV, has ended its chase of Vivendi's GVT.
Morgan Stanley Nearing Acquisition
Morgan Stanley passes Fed test for JV purchase. Morgan Stanley is now nearing the completion of its acquisition of the rest of its wealth management joint venture after completing its testing with the US Federal Reserve.
Latest News
Apollo divesting shares in India's direct to tv market with sale of Dish TV India shares. Apollo Global Management LLC is on the verge of selling its 11% stake in Dish TV India Ltd.
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 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 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 Automotive founder resigns from company bearing his name. Henrik Fisker, the founder and executive chairman of Fisker Automotive, has quit his company.
National Financial Partners seeking new private equity funding. The wealth management company headed by Jessica Bibliowicz is exploring a potential sale according to three individuals who spoke on condition of anonymity.
Dean Metropoulus front runner to purchase the iconic Hostess brand. Dean Metropoulus is a giant in the food industry business but not a household name yet, though this may change upon his purchase of iconic snack cake brand Hostess.
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.
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.
