Sony Corp is thinking of selling its audio recognition software business Gracenote and has hired Qatalyst Partners of Frank Quattrone to explore the sale, Bloomberg reported citing people with knowledge of the matter.

Sources on Tuesday told the New York Times that William Morris Endeavor Entertainment has won the auction for sports and media talent agency IMG Worldwide. With a $2.3 billion offer, WME beat two other bidders backed by private equity firms.

JPMorgan Chase has filed a case against the Federal Deposit Insurance Corporation in a bid to recover more than a billion dollars from the government agency which managed the receivership of Washington Mutual.

TPG Capital, Canada Pension Plan Investment Board (CPPIB) and Leonard Green & Partners have hired JPMorgan Chase & Co. to lead the initial public offering of the healthcare information company.

The probe of the European Union involving an underwater power cable cartel is a test of the regulators' ability to penalize private equity investors and their parent firms, Bloomberg reported.

CFS Retail Property Trust Group has entered an agreement to pay $460 million to acquire the integrated retail asset management business of the Commonwealth Bank of Australia (CBA).

In a bid to outdo Twitter in terms of real-time sports discussion, social media giant Facebook has bought sports aggregator SportStream for an undisclosed amount.

Google Inc. is looking to develop an $82 million corporate aviation facility in San Jose to service its private jets. Google is partnering with private aviation firm Signature Flight Support and private jet company Blue City Holdings for the project.

The National Audit Office, a government-spending watchdog, said taxpayers lost money in the government's share sale of Lloyds Banking Group and not a profit, Bloomberg reported.

Multinational Internet corporation Yahoo Inc. has acquired content delivery network startup PeerCDN for an undisclosed sum. PeerCDN technology improves website speeds at lower bandwidth costs.