Jan 17 The following corporate finance-related
stories were reported by media on Thursday:
* YouTube and its owner Google Inc have agreed to
buy a minority stake in Vevo, according to people familiar with
the deal, which hasn't been finalized, reported AllThingsD. ()
* A group led by France's EDF energy group and another led
by the country's Caisse des Dépôts et Consignations sovereign
wealth fund have developed into frontrunners from an initial
field of seven bidders for Total Infrastructures Gaz France, the
Financial Times reported. ()
* EE, the UK's largest mobile operator, will close 78 stores
in towns where there had previously been both Orange and
T-Mobile outlets, in a further blow for the beleaguered high
street, the Financial Times reported. ()
* Shares in Afferro Mining Inc fall 7.8
percent with analysts' highlighting a Bloomberg report saying
India's Jindal Steel & Power has ended potential takeover talks
with the Toronto and London-listed explorer.
* Private equity group Silver Lake Partners is close to
arranging about $15 billion in financing for a buyout of Dell
Inc, Bloomberg reported, citing people familiar with
* Sharp Corp may sell its Chinese TV assembly plant
to Lenovo Group Ltd as the cash-strapped Japanese TV
maker looks to sell assets to bolster its finances, sources
* JPMorgan Chase & Co has reached an out-of-court
settlement over its lawsuit against the former boss of Bruno
Iksil, the trader known as the "London Whale" for huge bets he
took that cost the bank $6.2 billion, a person familiar with the
* Euronext, the operator of the Paris, Amsterdam, Brussels
and Lisbon stock exchanges, may be spun off in an initial public
offering, but it is not up for sale, the chief executive of NYSE
Euronext told Bloomberg Television on Wednesday.
* Hewlett-Packard Co in recent days has received a
large number of casual overtures exploring a purchase of some of
its assets, but the company has no intention of selling any
major units, a source familiar with the matter said on
* The European Commission has blocked a recapitalisation
plan of Dutch bank and insurance group SNS Reaal NV,
probably leaving only the state to inject capital, a Dutch
newspaper reported on Wednesday.
* London's Stansted airport has attracted three final bids
each worth about 1 billion pounds ($1.60 billion), three sources
close to the matter said.
* Pan-European trading platform Equiduct is exploring
options, including possibly closing shop, four sources familiar
with the situation said, as Citadel LLC and Knight Capital Group
Inc, two of its top investors, back away from efforts to
build a challenger to Europe's more established bourses.
* ArcelorMittal SA and Brazil's Companhia
Siderúrgica Nacional have emerged as leading
contenders to acquire ThyssenKrupp AG's steel
operations in the United States, the Wall Street Journal
* Mexico's Grupo Bimbo and a partnership between
Apollo Global Management LLC and veteran food executive
C. Dean Metropoulos are among the leading candidates to buy
Hostess Brands Inc's snack cake brands, according to three
people familiar with the matter.
* India's biggest real estate group DLF Ltd will
sell its wind energy business to an unlisted firm founded by the
former General Electric India boss Tejpreet Singh Chopra for
around 9 billion rupees ($164.32 million), the Economic Times
newspaper reported, citing two people familiar with the matter.
* Debt-laden Telecom Italia SpA has failed to
attract improved bids for its majority stake in unprofitable
Telecom Italia Media SpA unit, sources close to the
matter said on Wednesday, raising the prospect of a sale not
* Beverage carbonation company NuCO2 Inc is exploring a sale
and hopes to bring in more than $1 billion, three people
familiar with the matter said on Wednesday.
* The Istanbul Stock Exchange (IMKB) is in talks with
several international bourses about technology sharing and a
possible stake sale as Turkey seeks to carve out a role as a
regional financial hub, sources familiar with the plans said.