NEW YORK AT&T Inc has reached an agreement in principle to buy Time Warner Inc for about $85 billion, sources said on Friday, paving the way for what would be the biggest deal in the world this year, giving the telecom company control of cable TV channels HBO and CNN, film studio Warner Bros and other coveted media assets. | Video
Qualcomm Inc is nearing a deal to acquire NXP Semiconductors NV for around $37 billion, a person familiar with the matter said on Friday, as the U.S. company seeks to expand the reach of its chips from phones to cars.
LONDON British American Tobacco has offered to buy out U.S. cigarette maker Reynolds American Inc in a $47 billion takeover that would create the world's biggest listed tobacco company with brands including Newport, Lucky Strike and Pall Mall. | Video
SYDNEY Australia's biggest electricity grid has been sold to local pension funds for $12.5 billion - a deal sources say consists largely of debt and is much cheaper than bids from China and Hong Kong that were blocked on security concerns.
MUMBAI Canada's No. 2 pension fund, Caisse de depot et placement du Quebec (CDPQ), has acquired a minority stake worth $155 million in India's TVS Logistics Services Ltd, the privately held Indian company said in a statement on Wednesday.
India's oldest travel website operator MakeMyTrip Ltd said it would buy rival ibibo Group to create the biggest player in the fast-growing flight, hotel and bus bookings market in the country.
LUXEMBOURG EU governments failed on Tuesday to approve a free trade agreement with Canada, as continued opposition from French-speaking southern Belgium threatened the entire deal.
HONG KONG Citigroup Inc's tie-ups with e-commerce companies in Asia such as ride-hailing firm Grab and online retailer Lazada Group are boosting revenues at its consumer business in the region, the boss of Citigroup Asia said.
NEW DELHI/SINGAPORE A group led by Russian oil major Rosneft will acquire India's Essar Oil in a $12 to $13 billion deal including debt, two sources privy to the deal said, strengthening the ties between the world's largest oil producer and the world's fastest growing fuel consumer.
TOKYO Japan's Toyota Motor Corp and Suzuki Motor Corp said they plan to explore a possible partnership, citing technological challenges and the need to keep up with consolidation in the global auto industry.
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