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Deals - Asia Headlines

Hedge fund Elliott raises stake in Japan's Alpine

U.S. hedge fund Elliott Management has raised its stake in Alpine Electronics Inc to 6.3 percent, a regulatory filing showed, in a move that could add pressure on the Japanese company to reward minority shareholders.

Comcast concedes to Disney in bidding war for Fox assets

Comcast Corp dropped its $66 billion bid for Twenty-First Century Fox Inc's entertainment assets on Thursday but said it would still try to expand its international footprint by acquiring 61 percent of European broadcaster Sky Plc , the remainder of which is owned by Fox.