Fiat's executive Sergio Marchionne expects the merger between the Italian carmaker and United States' Chrysler to close by the end of the year once he agrees on the buyout of the stake in the American unit.
Investors
Softbank to Partner with Net Giants
Softbank expanding into mobile virtual network operations for internet companies. Softbank's next move is expected to make waves in the US wireless market when it enters into a partnership with Internet giants Google and Amazon.
Sohu's Stock Rally Buoyed with Buyout Talk
Sohu stocks increase in value on rumored privatization. China's second biggest online video website Sohu. com has increased in value as it lead the gains of Chinese stocks on the basis of a news report saying the company would be privatized.
Bids for Ista Sale Are Due March
The bids for the buyout sale of energy metering company Ista, worth around 3 billion euros, are set for the week of March 18
Splunk to Command Highest Prices in Years
Splunk's lack of competition makes it a record price sale for acquisition. Splunk, the software maker that provides a service that is able to sift through information from websites to networks through tracking inventory, has been able to double its value since its IPO back in April.
Latest News
Coach's financial performance makes it ripe for rival bids. Coach Inc, the maker of luxury handbags and heels are now giving bargains for its luxury brand.
The UK government is being urged by Bank of England head Mervyn King to break up RBS for financial stability.
Apple Inc executives met with Beats LLC executives for Project Daisy. Apple Inc, after its shareholder meeting, is now keen on doing business and one of its projects is its current discussions with Beats Electronics LLC.
Air Asia gets to second step in operating airline in India. Air Asia Bhd has been give approval by Indian regulators to enter into a joint venture for an Indian airline.
Argentina's expropriation of Repsol stake in YPF subject to claim and clarification. Caixabank, a key shareholder in Spanish oil giant Repsol, is exploring avenues to seek compensation for the expropriation of the national oil company YPF.
Korean chaebol Samsung purchases shares in Japanese rival Sharp. Samsung Electronics would be investing US$110 million in Sharp Corp in 2013 to stabilize the supply of television and improving the opportunities for the Japanese screen maker.
The purchase of Virgin Media by Liberty Global revises conduct of company online. United Kingdom television cable provider Virgin Media Inc has been bought out by media giant Liberty Global Inc.
Verizon and Vodafone discussing future of Verizon Wireless. Verizon Communications Inc, which is now deep in a battle for control with Vodafone Group Plc, has proposed to dissolve their relationship through the wireless joint venture.
Islamic bonds to be issued by Emirates Airline. The world's largest airline in terms of international traffic, Emirates Airline would begin holding meetings with investors for the possible sale of Islamic bonds called sukuks.
