Verizon CEO's demeanor and relationship with Vodafone was key to the deal being finalized. The stage for the USD130 billion buyout of erstwhile partner buyout of Vodafone Group Plc from the venture in Verizon Wireless was set two years ago.
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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.
Lafarge would sell its 53.3% stake in its Honduras business to Cementos Argos for a price tag of EUR 232 million.
A Wall Street Journal cited sources who told the newspaper that Citigroup Inc. sold over USD6 billion in private equity and hedge fund assets to comply with new regulations on bank's holdings in investments.
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.
TDF set its floor price for its sale at EUR4 billion but offers made were below the said price. Telediffusion de France, the broadcast tower operator, had received from Dering Capital a non-binding offer worth EUR3.
Former bankers returned home to Verizon to provide advisory assistance For bankers giving guidance and advice to Verizon Communications Inc, it had been a ten year long wait to be able to formalize the USD130 billion deal to take full control of Verizon Wireless.
The suicide of a Zurich Insurance executive might threaten opportunities for its former CEO Josef Ackermann who announced resignation from the company last week.
