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.
North America
Termsheet reveals Bank of America sells USD 1.5 billion stake in China Construction Bank Corp
A term sheet seen by Reuters revealed that Bank of America Corp would exit from China Construction Bank Corp by selling shares worth USD 1.5 billion.
Jarden okays deal to acquire Yankee Candle for USD 1.75 billion- sources
Sources told the Wall Street Journal that consumer goods maker Jarden Corp would buy scented candle maker Yankee Candle for USD 1.75 billion.
RBC Capital Markets appoints Kriskey for its commodity investor sales
Kathy Kriskey is RBC Capital Market's new head of commodity investor sales. In an announcement, RBC Capital Markets introduced Kathy Kriskey as its new head of commodity investor sales in New York.
McAdams was key to the finalization of Verizon-Vodafone buyout deal
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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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.
Semiconductor IP supplier ARM announced today that it had signed a definitive agreement to acquire Cadence's PANTA from Cadence Design Systems.
CBS Corp and Time Warner Cable had reached an agreement to end a month long cable blackout of some shows in New York, Dallas and Los Angeles.
The USD130 billion payout to Vodafone, even with its sharing of proceeds with shareholders, allows current CEO many options for the company's future.
With the pending completion of the third largest deal in history, the CEOs of Verizona and Vodafone are near the goal that had eluded their predecessors.
John Malone, the US cable magnate who owns Liberty Global Plc said the company would consider proposals but is content with how the company is at present.
Japanese E-commerce giant Rakuten acquired video streaming site Viki for a reported USD200 million. According to a Techcrunch report, e-commerce site giant Rakuten acquired global video site Viki and would sign a reported USD200 million buyout agreement tomorrow.
According to two sources who were familiar with the decision, Verizon Communications and Vodafone Group would be announcing a finalization of the USD130 billion exit deal, which would be financed in cash, stock and bank financing.
The boards of Verizon and Vodafone would vote over the weekend on the proposed USD130 billion buyout.
