Vivendi stops sale of GVT. Vivendi SA of France has shelved the sale of GVT SA, the Brazilian phone and internet company. Bids submitted for the broadband firm are well below the acceptable price of Eur7 billion to Eur8 billion.
Investors
Morgan Stanley Announces Sale of Service Business
The EMEA GSPS business of Morgan Stanley has been sold to Compuetershare. In an announcement, Morgan Stanley had reached an agreement to sell the EMEA market of its Global Stock Plan Services .
Vivendi to Delay GVT Sale Auction
Vivendi is said to put the sale of its Brazilian broadband internet company GVT on hold as it faces lower bids than the asking price.
Private Equity Scams Prevail in China
Scams on fraudulent private equities rob individuals of hard earned money. The city of Tianjin in China was rocked with controversy as thousands of retail investors claimed they were tricked by a group that offered illegal wealth management products.
Blackstone Moves for Indian Commercial Property Investments
Blackstone invests in Indian commercial real estate. Private equity firm Blackstone Group LP is leading the charge for investments into India's commercial real estate market after the recent global recession has lowered interest in its once red hot residential market.
Latest News
BCBG Max Azria Group Inc. has been consider to be sold as it faces financial struggle. Fashion house BCBG Max Azria Group Inc. is set to launch company sale that would draw around $1 billion, according to sources familiar with the matter.
Flower Foods frontrunner in bid for Wonder Bread. The No. 2 baking company in the US just got bigger as Flower Foods Inc is in the midst of acquiring Wonder Bread.
Vodafone is said to have planned taking over Germany's Kabel after the takeover bid went public.
Man Group revamp seen to buoy Fund recovery. Man Group is depending its future on its fund manager AHL as it reports its current status as the leadership of new CEO Emmanuel Roman begins.
Telecom Italia Media is expected to sell its La7 TV channel but is still in talks to sign the deal. Telecom Italia Media said that it has plans of selling its La7 TV channel to the publishing house in Cairo, Egypt and is still in negotiation of signing the deal, according to two people familiar with the issue.
EADS said it has no longer interest in completing its merger deal with BAE. EADS has said that it has no interest in reviving its deal to merger with BAE system, implying confidence and satisfaction of defense share within its over activities dominated by commercial jet unit Airbus, according to sources close to the matter.
Standard Chartered has been planning to buy the wealth management unit of Morgan Stanley in India. Standard Chartered Plc has been in negotiation to purchase the Indian private wealth management of Morgan Stanley, according to two sources close to the matter.
Office Depot shareholder Starboard has been calling for the sale of Mexican joint venture. Starboard Value LP has urged the shareholder board of Office Depot to explore the sale of its Mexican joint venture interest.
Juniper rethinking future after sales plans fell through. Juniper Network is reviewing its current business focus of enterprise networking businesses after discussions failed to materialize as to the sale of its assets.
