Keith Meister's Corvex Capital and Related Cos has withdrawn their original US$27.00 per share offer and lowered it to US$24.50 per share offer.

MTS and Vimpelcom joins the A1 versus VTB bidding war for Tele2 Russia. After the bid made by billionaire Mikhail Fridman's A1 Investment Group, new bidders have made offers to join Tele2 AB's Russian subsidiary.

Amazon purchases Goodreads for an undisclosed amount. Goodreads is a book recommendation website and is now the subject of acquisition plans by online retail giant Amazon.

Jean Claud Gandur planning to offer Oryx Petroleum for IPO in Toronto. Billionaire investor Jean Claude Gandur, through his company Addax & Oryx Group is now on its way to publicly list its oil exploration unit.

Sprint's offer of US$80 million per month would again be utilized by Clearwire. According to anonymous sources, Clearwire Corp is planning to notify Sprint Nextel Corp that it will be utilizing another US$80 million in financing as part of its deal agreed upon with Sprint.

Fiat to secure credit line to prepare for options in the next move for Chrysler shares. Fiat SpA has reached out to banks for the refinancing of its Eur1.

MidOcean through a letter offered to purchase all of the shares of EDAC at a premium higher than Greenbriar.

Veolia's divestment program sells off its water and wastewater concessions to Beijing Enterprises Water Group Ltd.

International Investment Bank of Bahrain purchases 10% of Leeds United Football Club. Leeds United, the UK football club has sold a 10% stake to the International Investment Bank of Bahrain.

QInvest to launch new Islamic funds not just for GCC consumption but for the world as well. QInvest, the investment bank with majority shareholdings owned by Qatar Islamic Bank, announced that it would plan to launch at least thirty Islamic funds in the next three years.

John Malone's Liberty Global purchases Ziggo stake from Barclays Bank. Liberty Global, the cable investment firm founded by John Malone, has recently purchased a 12.

Matrimony.com is now preparing for IPO. In a country that spends US$37 billion a year on weddings, it is no wonder that one of its premiere matchmaking sites is going public.

Panasonic of Japan is trying to structurally change in order to address major weaknesses in its business structure.

Perform enters into partnership with ACBJ, current owners of the Sporting News. Perform, the British digital rights firm has entered into a partnership with Sporting News, the US media brand to boost its expansion into the North American Market.

Constellation Hotels has purchased IHG's London Park Lane Hotel for over GBP401.5 million. Constellation Hotels has recently acquired the InterContinental London Park Lane hotel for the amount of GBP 400 million.

In compliance with current regulations, Novartis AG is selling of a part of its shareholdings in Novartis India.

Hoau, TNT Express' road business in China is now the property of CITIC Private Equity. TNT Express, the Dutch express delivery service provider has announced the sale of Hoau, its domestic road business in China.

After two tries, ProMOS Tech was able to sell of its twelve inch fabricating facility to GlobalFoundries.

Mikhail Fridman goes head to head for VTB for Tele2. Russian billionaire tycoon Mikhail Fridman is ready to outbid VTB banks offer to purchase Tele2's Russian subsidiary.

Possible strategic partners for Fisker, namely Dongfeng Motor Group and Zheijang Geely Holdings, have pulled out from discussions.

The British oil company BP is pushing with its investments in the Shetland Islands. BP, the British oil giant is going ahead with an investment project located in the Shetland Islands.

The merger to become the world's largest airline succeeded its first step after being approved by bankruptcy court.

With infrastructure demand at an all time high, there are still many pitfalls that investors face when putting their money into Southeast Asia.

Fisker Automotive has opted to put workers on furlough in the face of a debt due with the US Department of Energy.

American Realty increases offer to US$6.7 billion for Cole Credit. A week after its inital offer was rejected, real estate investment trust American Realty Capital Properties Inc had increased its bid for Cole Credit Property Trust III.

VTB Group Bank recently purchased the Russian subsidiary of Tele2. Tele2, the Nordic telecommunications company recently announced that it would be selling its Russian subsidiary to VTB Group bank.

Finnair's new Chairman said that Finland should reduce its shareholdings in the national flag carrier, Finnair.

KKR is seeking to build a US$1.5 billion fund for oil and gas development project investments. In a report from Bloomberg, KKR & Co LP is now raising US$1.

Lehman Brothers, once Wall Street's larger banks, has announced its payout to creditors after its emergence from bankruptcy protection.

GEMS Education to raise funds for expansion into Asia and Africa through IPO and other means. GEMS Education Ltd is projecting to raise between US$650 million and US$1 billion during its initial public offering.