VIVENDI SELLS GVT TO TELEFÓNICA IN $9 BILLION DEAL
Telefónica sealed its deal to buy Vivendi's Brazilian unit GVT
for about $9.3 billion, cementing the Spanish telecommunications
giant's position in Latin America's largest market.
SAP TO ACQUIRE CONCUR TECHNOLOGIES
German software giant SAP agreed to buy Concur Technologies,
which makes software to help employees manage their expense
accounts, in a deal valued at $8.3 billion.
TOTAL IN TALKS TO SELL BOSTIK TO ARKEMA
French oil major Total is in exclusive talks with chemical group
Arkema to sell its adhesive maker Bostik for about $2.25
billion.
EU'S ALMUNIA HINTS AT BACKING LIBERTY TAKEOVER
The EU's antitrust chief said he doesn't expect to block any
more mergers before he leaves office at the end of October,
indicating that his agency is set to approve Liberty's $6 billion
takeover of cable operator Ziggo.
EVRAZ MULLS IPO OF NORTH AMERICAN UNIT
Russian steel producer Evraz said it is considering listing the
shares of its North American unit in New York.
GSK FOUND GUILTY OF BRIBERY IN CHINA
A Chinese court found a GlaxoSmithKline subsidiary in the
country guilty of bribing nongovernment personnel and fined the
company close to $491.5 million, in what Chinese state media said
was the largest ever corporate fine.
ALIBABA IPO PRICED AT $68 A SHARE
Alibaba Group Holding's shares priced Thursday at $68 apiece,
putting the Chinese company on track for an initial public offering
that will raise at least $21.8 billion.
ALIBABA IPO TO GIVE YAHOO WINDFALL
Alibaba Group Holding's initial public offering on Friday will
make Yahoo about $5.1 billion richer. That's the amount of cash
Yahoo stands to receive after selling 121.7 million of its shares
in the e-commerce giant.