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Mergers & Acquisitions

CORRECTED-Alibaba to buy minority stake in Focus Media to tap digital marketing

HONG KONG, July 18 Chinese e-commerce giant Alibaba Group Holding Ltd on Wednesday said it has agreed to acquire a minority stake in China's Focus Media Information Technology Co Ltd to tap into the digital marketing sector.

UPDATE 2-Detour Gold and Paulson trade barbs over hedge fund's campaign

July 18 Canadian miner Detour Gold and activist investor Paulson & Co entered into an increasingly heated public exchange on Wednesday over the hedge fund's campaign to seek change at the company and a possible merger approach.

UPDATE 3-U.S. agency votes to refer Sinclair Tribune merger to administrative judge

WASHINGTON, July 18 The U.S. Federal Communications Commission said late on Wednesday it had voted unanimously to refer Sinclair Broadcast Group Inc's $3.9 billion acquisition of Tribune Media Co to an administrative law judge, a blow to the firms' chances of winning approval.

5:15am IST

Brazil investor questions Suzano-Fibria pulpmaker deal -report

SAO PAULO, July 18 Brazilian investment firm Tempo Capital has filed a complaint with the country's securities regulator CVM over the acquisition of Fibria Celulose SA by Suzano Papel e Celulose SA, the online edition of newspaper Valor Economico said on Wednesday.

UPDATE 1-U.S. proposes expedited appeal in fight with AT&T over Time Warner purchase

WASHINGTON, July 18 The U.S. Justice Department has proposed an expedited schedule for an appeal of a judge's ruling that allowed AT&T Inc to buy movie and TV show maker Time Warner, according to a court filing on Wednesday.

3:24am IST

U.S. proposes expedited appeal in fight with AT&T over purchase of Time Warner

WASHINGTON, July 18 The U.S. Justice Department has proposed an expedited schedule for an appeal of a judge's ruling that allowed AT&T Inc to buy movie and TV show maker Time Warner, according to a court filing on Wednesday.

2:01am IST

Deals of the day-Mergers and acquisitions

July 18 The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Wednesday:

1:50am IST

Israel's Elbit on hunt for more takeovers

FARNBOROUGH, England, July 18 Israeli military electronics firm Elbit Systems, which has just completed two acquisitions in the United States and Israel, remains on the lookout for potential takeover targets in the United States and Europe, a top official said Wednesday.

Investor Paulson says Detour Gold gets buyout offer

July 18 Paulson and Co, a hedge fund run by activist investor John Paulson, said Detour Gold had received a buyout offer from another gold miner, sending the Canadian company's shares up 13 percent.

British M&A regulator to review level of possible Disney offer for Sky

LONDON, July 18 Britain's takeover regulator said on Wednesday that it would review its ruling that Walt Disney might have to acquire UK broadcaster Sky for at least 14 pounds a share.

18 Jul 2018