AEG is being sold off and buyers are being selected. A list of potential buyers for Anschutz Entertainment Group has been drawn up by Phil Anschutz. Sources familiar with the negotiations told Reuters that the negotiations can be concluded for the sports and real estate empire within the next few weeks.
North America
Warburg Pincus Taps Advisers to Lead Bausch & Lomb IPO
Warburg has been looking forward for the sale of eye care company Bausch & Lomb as it selected JPMorgan Chase, Citigroup, and Bank of America Merrill Lynch to the IPO.
ABRY Raises Stake in Datapipe
ABRY has been raising its stake in data center provider Datapipe as it makes investments out of its private equity fund.
News Corp., Walt Disney in Talks About Hulu's Fate
Both News Corp. and Walt Disney have been discussions how to settle issuing badly affecting its jointly controlled online video site Hulu LLC.
Bausch and Lomb IPO Preparations
The sale of Bausch and Lomb can either be a private one or through an IPO. The initial public offering of iconic eyewear company Bausch and Lomb would be headed by three well-known banks.
Latest News
Macy's sues JC Penney and Martha Stewart for deal. JC Penney CEO Ron Johnson knew that if he signed the deal with Martha Stewart, he would be putting the company in jeopardy by creating a conflict with Macy's, its corporate rival.
Disney and News Corp are in discussions as to the future of Hulu.com Discussions are now ongoing for the control of Hulu. com, the website partners News Corp and Walt Disney Co currently co-own.
Twilio to fund app makers for its services. Facebook, before becoming one of the most successful Internet companies traded in the market, did what no other company did before it.
Best Buy Co. has rejected an offer for minority investment from past chairman Richard Schulze's private equity sponsors.
Marchionne, CEO of Fiat and Chrysler, opens up on possibilities for the future. Sergio Marchionne, concurrent CEO of Fiat and Chrylser Group LLC, said that he is determining whether the next step forward would be Chrysler going public or the carmaker would be merged with Fiat.
In its filing with the U.S. Securities and Exchange Commission, BofA disclosed that the state of New York has been investigating how it acquire and underwrites home loans.
UBS research predicts effects of pension underfunding and corporate bond yields. In a research note, UBS is forecasting that US companies would be contributing at least US$70 billion into their corporate pension plans in 2013.
Greenlight ends legal battle with Apple over shareholder vote. In a surprising move, Greenlight Capital has withdrawn its suit against Apple Inc. Greenlight's maverick head David Einhorn sought court intervention to stop the most valuable company in the world's shareholders from voting on a management proposal to prevent the company's ability to issue preferred shares at its discretion.
AIG divests US government of shares over the company. American International Group Inc or AIG has recovered from the 2008 financial crisis after buying out the US government's last financial interest in the formerly beleaguered firm.
