UPDATE 1-Market Chatter-Corporate finance press digest
March 3 (Reuters) - The following corporate finance-related stories were reported by media:
* Comcast is considering spinning off the 3 million subscribers it has offered to divest as part of its proposed $45.2 billion takeover of Time Warner Cable, into a publicly traded company, according to sources familiar with the matter.
* TGI Fridays, the global casual dining restaurant chain known for its red-striped canopies and memorabilia-rich decor, is in advanced talks to sell itself to buyout firm TriArtisan Capital Partners, people familiar with the matter said on Friday.
* Goldman Sachs has made a bet on Africa's booming mobile phone industry, joining a nearly $500m capital raising by Lagos-based IHS Towers, the continent's largest mobile infrastructure company, the Financial Times reported, citing two people familiar with the deal. ()
* Singapore's Tiger Airways Ltd aims to sell or close its Indonesian joint venture unless there are signs of it turning around this year, people familiar with the matter said.
* Veteran food industry investor C. Dean Metropoulos is seeking a new owner for Pabst Brewing Co, best known for blue collar-turned-hipster favorite Pabst Blue Ribbon label, people familiar with the matter said.
* Sbarro, the Italian restaurant chain that's a fixture in mall food courts, is preparing a bankruptcy filing following a nine-month review of its operations, the Bloomberg News reported, citing people familiar with the situation. ()
* Venture capital fund Sequoia Capital is looking at exiting its seven-year-old investment in GVK Group's GVK Biosciences, an Indian biotech research and development outsourcing company, the Economic Times reported, citing three people with knowledge of the development. ()
* Uniqlo parent Fast Retailing Co Ltd and South Korean fashion conglomerate E.Land Group are separately exploring a deal for large U.S. apparel chain J.Crew Group Inc, people familiar with the matter said.
* Comcast Corp is near a deal to acquire FreeWheel Media Inc, a web-video company for about $320 million, the Wall Street Journal reported, citing a person familiar with the matter. ()
* European private-equity firm CVC Capital Partners has raised around $214 million by further selling down its stake in Indonesian retailer Matahari Department Store, the Wall Street Journal reported, citing people familiar with the matter. ()
For the Morning News Call-EMEA newsletter click on
- Alabama man gets $1,000 in police settlement, his lawyers get $459,000
- New York police officer critically wounded in hatchet attack |
- Doctor with Ebola in New York hospital after return from Guinea
- Exclusive: Charred tanks in Ukraine point to Russian involvement
- Ground offensive against Islamic State months away in Iraq: U.S.