APTT seeking to raise funds to repurchase shares and pay off debts. Asian Pay Television Trust is planning to raise at least US$1. 1 billion in high yield securities to fund the purchase of the third largest cable television operator in Taiwan.

Dreamworks purchases AwesomenessTV for at least US$150 million. In a move to secure an online platform for its family oriented movies, DreamWorks Animation SKG has entered into an agreement to purchase the YouTube network AwesomenessTV.

Yahoo, because of objections from the French government, has withdrawn its bid to acquire DailyMotion.

Despite calls for his resignation, Vivendi Chairman Fortou remains steadfast in his plans for the company.

Liberty Global purchase shares in cable television rival Ziggo. Liberty Global, the American cable giant, has sought to purchase more shares to increase its stake in its Dutch rival Ziggo from 12.

Softbank will not modify the terms of its offer according to billionaire founder Masayoshi Son. In a statement, Softbank Corp said that its offer for 70% of Sprint Nextel Corp at US$20.

CMI pays US$500 million for assets in El Salvador, Guatamela, Nicaragua and Panama. Telefonica of Spain has entered into an agreement to sell off 40% of its assets in four different countries in Central America to Corporacion Multi Inversiones (CMI).

Intel CEO sends letter to FCC Chairman throwing support to the Softbank bid. Paul Otellini, the CEO of Intel Corp has sent a letter to the Federal Communications Commission vouching for his support for SoftBank's bid for Sprint Nextel instead of the Dish Network's unsolicited bid.

Softbank, despite its standing merger agreement provisions, allows Sprint to conduct discussions with Dish.

The capital gains tax bill would be one of the issues in the buyout bid, should it happen, of Verizon for Vodafone in Verizon Wireless.