Jan 3 The following corporate finance-related stories were reported by media on Thursday:
* Microsoft Corp bought start-up id8 Group R2 Studios Inc as it looks to expand further in technology focused on the home and entertainment, a person familiar with the situation said on Wednesday.
* Private-equity firm Rizvi Traverse Management LLC has closed a deal to buy a majority stake in music performance-rights company SESAC Inc for about $600 million, the Wall Street Journal reported, citing people familiar with the deal.
* Irish building material maker CRH Plc and Swiss cement and aggregates giant Holcim are in independent talks with the Shriram Group to purchase a controlling stake in Sree Jayajothi Cements, which owns a 3.2-million-tonne cement plant in Andhra Pradesh, signalling interest by overseas companies in the Indian cement market, the Economic Times reported citing a person with knowledge of the development. ()
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The U.S. Department of Justice (DoJ) has subpoenaed India's largest drugmaker Sun Pharmaceutical Industries Ltd seeking information about the pricing and marketing of the generic drugs it sells in the United States, the company said on Saturday. Full Article