Feb 6 The following corporate finance-related stories were reported by media on Wednesday:
* Softbank Corp will issue $3.2 billion in corporate bonds, the biggest ever by a non-financial Japanese firm to retail investors, to convert part of the $17.7 billion in short-term loans used to purchase Sprint Nextel Corp to longer term debt, two sources familiar with the matter said.
* Online scrapbook Pinterest is trying to raise a new round of funding that would give it a valuation of $2 billion to $2.5 billion, the Wall Street Journal reported.
* Turkey's Cukurova Holding is determined to recover a disputed stake in Turkcell from Russian partner Altimo and is seeking a loan of up to $2 billion to do so, sources familiar with the situation said.
* The head of Royal Bank of Scotland's investment banking arm is set to give up a bonus pot worth 4 million pounds ($6.27 million) as he resigns from the lender over its involvement in Libor-rigging, The Telegraph reported.
* Walt Disney is "exploring an exit" of ESPN from the UK, after the sports network incurred losses and lost key sports rights contracts, the Financial Times reported.
* Banco Espirito Santo, Portugal's second largest listed bank by assets, is considering making an offer to buy Spain's Banco Gallego, two sources said.
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With the Nifty breaching 8,500, sentiments are again bullish. But markets have been in the 8,200-8,600 range for some time and stocks across the board do not give the required confidence except for the liquidity factor. Many frontline stocks are not participating on the upside and the core sector is in a downtrend, writes Ambareesh Baliga. Column