LOS ANGELES/NEW YORK - Yahoo Inc has submitted a formal proposal to buy Hulu, joining a growing list of bidders for the video service owned by News Corp and Walt Disney Co, two sources with knowledge of the bid told Reuters on Friday.
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BEIJING/HONG KONG - China reiterated its opposition on Thursday to a European Union plan to limit airline carbon dioxide emissions and called for talks to resolve the issue a day after its major airlines refused to pay any carbon costs under the new law.
Thanachart offers $984 million for Siam City stake
HONG KONG/BANGKOK |
HONG KONG/BANGKOK (Reuters) - Thailand's Thanachart Bank has offered $984 million for a stake in Siam City Bank SCIB.BK, people familiar with the matter said on Friday, a price that is expected to top a rival bid from HSBC (HSBA.L).
Thanachart, 49 percent owned by Canada's Bank of Nova Scotia (BNS.TO), offered 32.50 baht per share, the sources said. The Thai central bank owns 1 billion shares in Siam City Bank, for a 47.6 percent stake.
The sources had direct knowledge of the offer but were not authorized to be speak publicly because the auction is not yet over. Thanachart and HSBC are awaiting word from officials on which offer won the bidding process.
(Reporting by Michael Flaherty and reporting by Manunphattr Dhanananphorn; Editing by Ken Wills)
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