In a surprise move, Dish Network offers US$2.5 billion for a merger with Sprint-Nextel. Dish Network offers US$25. 5 billion to merge with Sprint Nextel.
Investors
Financial Support and New CEO for Powerwave Technologies
Powerwave Technologies gets a shot in the arm in the form of a credit facility from P-Wave Holdings, an affiliate of The Gores Group.
More Funds for DySiS Medical Ltd
Dysis Medical closes latest funding round at US$11 million. DySiS Medical Ltd was able to complete GBP7. 4 Million or US$11 million on a round of capital infusion.
Henkel Ready for New Acquisitions
The German consumers giant Henkel has a fund for new acquisitions. Henkel, the German consumer goods giant, has a fund worth between Eur3. 5 billion and 4 billion or US$4.
Rosneft to Purchase 21% Shareholdings in Saras
Rosneft, through two fronts would purchase 21% shareholdings in oil refiner Saras. The largest oil producer in Russia, Rosneft has agreed to purchase up to 21% shareholdings in Italian refining company Saras.
Latest News
LVMH purchases nearly half of RM Williams of Australia. A private investment fund financed by a French luxury brand LVMH Group has bought 49. 9% of Australia's R.
OpenCoin finalizes successful financing round with angel investors. In an announcement, OpenCoin disclosed that it had closed a round of financial investments from angel investors.
Actis owned stake in Avtec would be acquired by Warburg Pincus. Warburg Pincus, the American private equity firm, has purchased a minority share in Avtec, the engineering equipment manufacturer.
Liberty Global's acquisition of Virgin Media granted unconditional EU approval. Last Monday, John Malone's US cable giant Liberty Global has received unconditional European Union regulatory apprival for the takeover of Virgin Media.
IPO is the way for growth for Pegasus Airlines, the Turkish budget air carrier. Pegasus Airlines, the low cost air carrier of Turkey, is offering for sale 34.
Manfra, whose partnership with Leica Geosystems, has been purchased by Hexagon AB. The leading services provider for design, measurement and visualization solutions, Hexagon AB has announced its acquisition of all the shares in MANFRA, the distributor of Leica Geosystems based in Brazil.
Pearson Plc to transfer its BDFM Publishers shareholdings to Times Media Group Ltd. The owner of the Financial Times newspaper, Pearson Plc has entered into an agreement to sell off its 50% shareholdings in publisher BDFM Publishers.
Distell's purchase of Burn Stewart expands its market. South Africa's largest wine and spirit producer, Distell Group Ltd, is planning to acquire Scotch whisky maker Burn Stewart Distillers Ltd.
Betfair is entertaining bids and according to its former CEO, has lost its way. Betfair, the online gambling company, is now the object of a takeover bid from CVC Capital Partners.
