Pay television operators amongst the bidders for Hulu. An anonymous source with direct knowledge of the transaction identified pay television operators DirecTV and Time Warner Cable as among the bidders, aside from Yahoo and the consortium led by Peter Chermin.
North America
TECO Energy and Continental Energy to Purchase New Mexico Gas
TECO Energy and Continental Energy agrees to purchase New Mexico Gas Co. In an announcement, TECO Energy Inc had said it had entered into a stock purchase agreement with Continental Energy Systems LLC and its unit, New Mexico Gas Intermediate Inc.
AstraZeneca Purchases Omthera Pharmaceuticals
AstraZeneca acquires Omthera's fish oil derived pharmaceutical line. In an announcement, AstraZeneca would be acquiring Omthera Pharmaceuticals for the price of US$443 million to boost its cardiovascular drug business.
Valeant Buys Bausch & Lomb
Valeant purchases Bausch & Lomb to create business unit that can generate US$3.5 billion in net revenue.
Fiera Eyes Further Growth
Fiera Capital is pursuing to double its assets through acquisitions of US firms. The Canadian money manager Fiera Capital Corp is planning to increase its assets to more than double the current value of Can$150 billion or US$145 billion through the addition of smaller US firms.
Latest News
News Corp announced it is splitting its entertainment business from its publishing empire. (Photo : Brendan McDermid/Reuters)News Corp said on Friday it bought SportsTime Ohio, a Cleveland-based regional sports network that broadcasts Cleveland Indians baseball games.
Google may find itself in antiregulatory waters should it push its bid for Waze. (Photo : REUTERS)U. S. regulators closed a long-running investigation into allegations that Google tweaks search results to hurt rival companies without finding any wrongdoing, a decision that disappointed rivals and critics of the Web search giant.
Canadian dollar falls against US greenback due to current trends. (Photo : Reuters)The image is a Canadian dollar bill, a twenty to be exact. The Canadian dollar fell to its lowest level against the US greenback with concerns that the gains achieved from the risky assets have outpaced the current economic growth.
Bluefly's treasury shares as well as shares held by stockholders were purchased by Clearlake Capital.
Google contemplating on acquiring Waze. The creator of the Android operating system, Google Inc. , is also contemplating on acquiring the free mobile navigation application, Waze Inc.
Hulu.com auction attracts more bidders. The private equity fund, Guggenheim Digital Media and former President of News Corp, Peter Chernin, have already tendered their bids for the online video service, Hulu Video, as related by sources who are knowledgeable of the matter to Reuters.
Prologis and Blackstone purchase warehouse space worth US$960 million. Prologis Inc and Blackstone Group LP have settled to acquire 17 million square feet of distribution centers and warehouses for an estimated US$960 million.
CPG International owners engages banks for its sale at a possible value of around US$1.5 billion. CPG International, the building materials maker, is being prepared by its ownership for a sale.
Apache Corp is undertaking corporate moves to improve its bottom line. Houston based natural gas and oil producer, Apache Corp will be undertaking major changes with its balance sheet.
