CVC and Betfair conclude discussions after second offer is rejected by Betfair board. According Reuters, CVC Capital Partners and Betfair have concluded their discussion regarding a takeover after the private equity firm advised Betfair that it would no longer make a third revision on their offer for the gambling company.

Icahn recommends new Board of Directors for Dell. The special committee of the board of directors of Dell Inc has formally asked Carl Icahn for specific details of the plan to be implemented that would have the computer maker pay dividends and issue shares as he has proposed.

Telecom Italia still is in the process of determining the pursuit of the fixed line spinoff plan. Franco Bernabe, Chairman of Telecom Italia announced Thursday that the spin off of the company's fixed line network would take time in its implementation.

Clearwire issues a statement recommending the acceptance as the best option for minority shareholders.

The new board elected for Stillwater Mining comprise nominees from the Clinton Group, an activist investor in the company.

TPG-Axon Capital gains majority control of board seats at SandRidge Energy Corp. TPG-Axon Capital, the hedge fund manager, has landed almost half of the seats at SandRidge Energy Corp's board.

Speaking to Bloomberg from Omaha, NB, Berkshire Hathaway's Warren Buffett says his successor has been chosen by the board and he designed the successor's new pay scheme.

James Breyer of Accel Partners would not stand for re-election to the board of social networking giant Facebook.

Seibu Holdings is opposing attempts by Cerberus to gain more seats in the board of directors. Seibu Holdings, the railway and real estate conglomerate of Japan has rejected the attempt of Cerberus Capital Management LP to increase its shareholdings in the company.

Private equity firm Cerberus Capital Management is seeking to increase shareholdings in Seibu Holdings.