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.