UPDATE 1-Market Chatter -- Corporate finance press digest

Tue Aug 4, 2009 1:59am EDT

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BANGALORE Aug 4 (Reuters) - The following corporate finance-related stories were reported by media on Tuesday:

* Digital music service Spotify is close to securing new investment from high-profile investors including Hong Kong billionaire Li Ka-shing's charitable foundation, the Financial Times reported. [ID:nL3554167]

* Premium Bars & Restaurants (PBR), the AIM-listed owner of the trendy Living Room and Prohibition Bar & Grill chains, faces an uncertain future after the collapse of a sale of the company to the Reuben brothers. Although the Reubens are understood to remain interested, exclusive negotiations over a 48 million pounds deal fell apart at the end of last week after the men, who already own 32.5 per cent of PBR, sought to alter the terms, the Times reported.

* Broadcaster ITV (ITV.L) has asked members of its defined benefit pension scheme to accept a change to benefits after admitting the scheme's deficit has risen, the Daily Telegraph reported. [ID:nL4256502] (Compiled by Purwa Naveen Raman; editing by Simon Jessop)

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