EdR expands with Elauwit. EdR, a market leader in the ownership and operations of collegiate housing has announced that it has purchased a 10% stake in Elauwit Networks, a service provider of Internet access, telephone and video services.
Corporations
Juniper Reviewing Business Plans
Juniper rethinking future after sales plans fell through. Juniper Network is reviewing its current business focus of enterprise networking businesses after discussions failed to materialize as to the sale of its assets.
Paypal co-founder to launch new Start-Up
Max Levchin, one of the co-founders of online payment mogul Paypal has launched a business competitor last Tuesday.
Lloyds Deal Face Threat
Lloyds deal to sell branches may not push through due to capital deficit with Co-op. The deal that would allow Co-operative Bank to purchase more than 600 branches of the Lloyds Banking Group is under grave threat not to push through.
Westfield to Increase Foreign Investments
Giant mall builder to expand to UK and US. Westfield Group is planning to increase its investments in both the US and UK to capitalize on the increasing retail demands in these countries.
Latest News
BT purchases ESPN UK and Ireland with ESPN America coverage. BT, in a bid to pry open the hold of BSkyB over the pay-TV sports market in Europe, has agreed to purchase ESPN's UK and Ireland television business.
Etihad nearing deal for stake in India's Jet Airways. For the price of US$70 million, Abu Dhabi's Etihad Airways purchased Jet Airway's slots at Heathrow Airport in London.
Tribune Puts Up Assets for Sale The Tribune Corp has engaged the services of two of the top investment banks to assess sales opportunities for its newspaper unit.
Oaktre pays GBP165 million for Countryside. Oaktree Capital Management LLC, the world's largest distressed debt investor, has purchased Countryside Properties Plc through debt provided by former owner Lloyds Banking Group.
Sinopec gets sweetheart deal according to analysts. The US$1. 02 billion deal entered into China Petrochemical for Chesapeake Energy Corp shale oilfield interests is just one third of its actual value.
Potash Corp takeover bid for ICL still ongoing. Saskatchewan based Potash Corporation is serious in its bid to wrest majority control over Israel Chemicals Limited.
AT&T expands into Europe with wireless technology applications. The largest US phone company, AT&T would be expanding to Europe through licensing of its mobile home watchdog products.
Rosneft expects to get EU approval of TNK-BP takeover. An unnamed source familiar with the deal has intimated that Rosneft, the Russian oil conglomerate would get unconditional European Union regulatory approval of its takeover of TNK-BP.
Potash Corp. has been looking to boost its stake at the world's sixth largest producer of potash.
