News Corp announced it is splitting its entertainment business from its publishing empire. (Photo : Brendan McDermid/Reuters)News Corp said on Friday it bought SportsTime Ohio, a Cleveland-based regional sports network that broadcasts Cleveland Indians baseball games.
Consumer Electronics
Warburg Pincus Invests in Vingroup of Vietnam
Warburg Pincus leads a consortium to invest in Vingroup Joint Stock Co. The private equity owner of the Neiman Marcus Group Inc, Warburg Pincus LLC, would be leading a consortium that would invest nearly US$325 million in Vingroup Joint Stock Co of Vietnam.
Lenta Planning on IPO
Lenta is said to be planning an IPO at the London bourse as early as the fourth quarter of this year.
Quill Announces Successful Funding Round
Quill's CEO and founder announces GBP1 million funding round. In an announcement, Ed Bussey said that it had closed GBP1 million as investment in Quill.
Beermakers Feel the Heat
EFES is affected by law passed by the Turkish government. The largest beermaker in the Middle East is being buffetted in the world's credit markets at the same time Turkish Prime Minister Recep Tayyip Erdogan has been clamping down on sales of alcohol and its attendant advertising.
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Bluefly's treasury shares as well as shares held by stockholders were purchased by Clearlake Capital.
Computacenter is offering options to its shareholders for the return of investments, either through a class B share or a dividend amount.
Dai-ichi Life Ins. Co.,Ltd purchased 40% shareholdings in Panin Life of Indonesia worth 30 billion yen.
Consortium bids for Fisker at the fraction of the price. A group participated by Bob Lutz, a former Executive of General Motors Co together with the biggest parts maker in China is eyeing to acquire Fisker Automotive for US$20 million which is a percentage of the "green" car company's projected value in the last quarter of 2011, according to a report from Reuters.
Belgium's Delhaize plans to make sale of its businesses in the U.S. as it aims at minimizing costs in the region.
Mexican real estate investment trust is set to have a total of 233 properties after it completes its acquisition of a Mexican property portfolio from U.S. Kimco Realty Corp. and its partner American industries for $600 million.
Wanderful Media receives new US$9 million capital infusion. In an announcement by Wanderful Media today, it disclosed that it was able to secure an additional US$9 million capital from its current investors.
El Corte Ingles now seeking restructuring its debt and other obligations. The largest department store chain in Europe, El Corte Ingles SA, has engaged the services of Morgan Stanley to assist in the drafting of a restructuring plan for its Eur5 billion debt.
GrubHub and Seamless to merge to form largest takeout delivery service company. The nation's leading service in take out orders, GrubHub Inc and Seamless North America LLC, announced on Monday the signing of a finalized merger agreement.
