Softbank, despite its standing merger agreement provisions, allows Sprint to conduct discussions with Dish.
Sectors
Equiduct Systems Finds New Capital Investors
Equiduct Systems gets new capital infusion from new investors. Equiduct Systems had obtained capital infusion from new investors such as BNP Paribas SA and Winterflood Securities.
Suncor Energy does buy back program
In an effort to increase dividends, Suncor CEO undertook a share buy back program. The largest energy company by market value, Suncor Energy Inc announced that it would buy back nearly Can$2 billion or US$1.
Millenial Media Attracts Technology Companies
Millenial Media's current fiscal situation may attract known technology companies such as Yahoo, Microsoft and Facebook.
Intel CEO Throws Support for Softbank Bid for Sprint
Intel CEO sends letter to FCC Chairman throwing support to the Softbank bid. Paul Otellini, the CEO of Intel Corp has sent a letter to the Federal Communications Commission vouching for his support for SoftBank's bid for Sprint Nextel instead of the Dish Network's unsolicited bid.
Latest News
Opsona Therapeutics raises US$44 million for OPN-305. Opsona Therapeutics has raised Eur33 million or US$43 million in Series C financing that was oversubscribed.
SMBC of Japan plans to acquire shares in BTPN. Sumitomo Mitsui Banking Corp of Japan is in further discussion for the acquisition of US$1. 3 billion worth of shares in the Indonesian lender supported by TPG Capital, BTPN, Reuters wrote Monday.
KKR,because of the dearth of bank loans in Spain, loans money to Uralita. The asset management division of Kohleberg Kravis Roberts & Co LP granted a Eur320 million or US$419 million to Spain's Uralita SA.
Abraaj sells off Unitrio shareholdings to NTT Facilities. The leading investor in growth markets, the Abraaj Group, has announced today its exit from Unitrio Technology Ltd of Thailand.
AutoInfo Inc merges with AutoInfo Holdings Inc. AutoInfo has announced the completion of its merger with Comvest Investment Partners IV LP subsidiary AutoInfo Holdings.
Virtus Health backed up by buyout firm Quadrant is readying for its IPO in the Australian market. Virtus Health, backed by private equity firm Quadrant, launches its Australian initial public offer of shares.
Belgium and Ageas sells off Royal Park Investments interest. Reuters wrote that in the interest of lessening its debt, Belgium sold its structured credit portfolio invested in Royal Park Investments.
PAI Partners purchases R&R Ice Cream for Eur235 million paid through a payment in kind toggle note. PAI Partners, the private equity firm is financing its acquisition of R&R Ice Cream from its owners Oaktree.
The capital gains tax bill would be one of the issues in the buyout bid, should it happen, of Verizon for Vodafone in Verizon Wireless.
