CT Corp announces to buy 80% of Telkomvision stake in Indonesia for less than US$100 million deal. (Photo : Reuters)CT Corp Founder and Chairman Chairul Tanjung June 5, Indonesian billionaire Chairul Tanjung agrees to buy 80% stake in the second largest pay-TV operator in the country, Telkomvision.

Fiat launched the first part of the three-part financing deal to refinance current loans of Fiat and Chrysler prior to engaging a deal to buy out the rest of Chrysler.

Cinven Ltd, KKR & Co LP and Warburg Pincus LLC are weighing deals to bid for PRA International, a clinical research group.

Canadian Industry Minister, Christian Paradis squashes Telus Corp's application for a takeover deal with Mobilicity following the Canadian ban for spectrum licenses acquisition from smaller rival companies.

Glass Lewis advices shareholders to hold off the takeover vote for SoftBank Corp's takeover bid on June 12.

A private auction was launched that drew companies including GE, Rockwell Collins and Thales SA interested to bid for Arinc Inc.

Pactel is acquired by the partnership of TA Associates and SpeedCast. One of the leading global private equity firms, TA Associates has entered into an agreement with its portfolio company SpeedCast Ltd to acquire Pactel International.

The Gores Group purchases Etrali Trading Services from France Telecom-Orange. The global investment firm, the Gores Group together with France Telecom-Orange, the worldwide telecommunications service provider, had announced the acquisition of Etrali Orange Business Services - Trading Solutions.

IBM announced acquisition of SoftLayer Technologies and the creation of a new division in the company for cloud-based services to its clients.

Two companies that are link to Chinese State-backed groups are pursuing the US$5 billion Glencore Xstrata mines in Peru.