According to a Bloomberg report, BlackBerry became so desperate to find a possible buyer for the struggling smartphone maker which resulted to an agreement to pay its biggest shareholder a rare breakup fee.
Sectors
Former Xstrata executive raises USD1 billion for new company
Mick Davis, a former executive in Xstrata Plc had raised USD1 billion from Noble Group and TPG, said a Bloomberg report.
Mercator appoints BMO Capital Markets for a possible sale
Mercator had appointed BMO Capital Markets to lead a potential sale of the company after sales slumped, said a Bloomberg report.
Brookfield Property offers acquisition deal to Brookfield Office
According to a Bloomberg report, Brookfield Property intends to acquire the stake it doesn't own in Brookfield Office to consolidate both firms as one.
Macquarie to bid for Lloyd's Australian assets
Macquarie Group Ltd. offered a bid for the Australian assets of Lloyds Banking Group Plc, according to a Bloomberg report.
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Vodafone Group Plc would appoint Aldo Bisio to be the company's new chief executive for Vodafone's Italian unit.
Dish Network Corp and Walt Disney Co. had reached an extension agreement while both parties were still in discussions over a long term deal.
Berkshire Hathaway Inc's founder and CEO Warren Buffet would get more than USD2 billion stock in Goldman Sachs Group, said a Bloomberg report.
SAC Energy portfolio manager Nick Tiller would retire from his post after 12 years of service, said a Bloomberg report.
Google was advised by the Federal Trade Commission that it would not object to the search engine's acquisition of mapping app firm Waze.
Qunar, Baidu's online travel app, would be offering American Depositary Shares for its IPO in the New York Stock Exchange.
On Monday, TCW acquired private equity company Craton Equity Partners, according to statement from TCW's alternative products division chief.
Financing was released by RatPac-Dune Entertainment for about 75 films to Warner Bros. studio. Warner Bros, the studio unit of Time Warner Inc, would be receiving a USD450 million from RatPac-Dune Entertainment LLC to serve as funding for 75 films, including its summer franchise offerings.
Johnson & Johnson received numerous preliminary offers from hedge funds interested in acquiring its Ortho Clinical Diagnostics unit, said a Reuters report.
