Although both companies declined to comment, analysts said Time Warner might have caved in to CBS's demands for higher transmission fee and additional fees for digital content.
Corporations
Amdocs acquires Actix
In an announcement, Actix was acquired by Amdocs for a purchase price of USD120 million. One of the leading providers for customer experience services and systems announced its entry into an agreement to purchase privately held Actix for the price of USD120 million in cash.
Central Pattana allocates THB 15 billion for Southeast Asian expansion
Thailand's largest shopping mall developer, Central Pattana, said it would be spending THB 15 billion to expand in Southeast Asia.
Bonds to be issued may reach record highs for Verizon-Vodafone deal
The projected bond issue for the Verizon-Vodafone exit deal would exceed the previous high set by Apple.
Power Finance Corp offers private placement of bonds to raise INR 1.5 billion- termsheet
A termsheet of the Power Finance Corp showed that the Indian firm would conduct a private placement of tax-free bonds in order to raise INR 1.5 billion.
Latest News
Lafarge would sell its 53.3% stake in its Honduras business to Cementos Argos for a price tag of EUR 232 million.
Private equity fund Mandarin Capital said it had sold its stake in IMA through accelerated book building.
Microsoft said it would be buying the handset business of Finnish company Nokia for EUR5.44 billion or USD7.2 billion, with Nokia CEO Elop and other senior executives transferring to the American multinational software firm.
Wison Engineering Services Co. Ltd, is cooperating with Chinese authorities investigating the corruption allegedly committed by the current state assets regulator during his tenure as PetroChina head.
The suicide of a Zurich Insurance executive might threaten opportunities for its former CEO Josef Ackermann who announced resignation from the company last week.
Semiconductor IP supplier ARM announced today that it had signed a definitive agreement to acquire Cadence's PANTA from Cadence Design Systems.
Germany's steel maker ThyssenKrupp denied reports of having cancelled the sale of Steel Americas.
Lufthansa had decided to scrap the current pension plan to a plan that is tied to investment returns of the fund.
Palm Hills, the Egyptian developer wracked with intrigue and controversy from the Mubarak regime, had obtained approval from regulators as to its new share issue.
