(Corrects timestamp in paragraph 1)
July 25 The following bids, mergers,
acquisitions and disposals were reported by 1920 GMT on Friday:
** Britain's BSkyB has agreed to pay $9 billion to
buy Rupert Murdoch's pay-TV companies in Germany and Italy,
taking its hunt for growth into Europe by creating a media
powerhouse with 20 million customers.
** Turkey's Cukurova is close to recovering a controlling
stake in telecoms firm Turkcell after a British court
said it had agreed financing terms and its rival in the dispute
said it expected payment next week.
** IBM Corp's recent move to partner with Apple Inc
to sell iPhones and iPads loaded with corporate
applications has excited investors in both companies, but two
rivals say they are unperturbed for now.
Top executives at Dell and BlackBerry Ltd scoffed at
the threat posed by the alliance this week, arguing the tie-up
is unlikely to derail the efforts of their own companies to
** Rupert Murdoch's Twenty-First Century Fox Inc
said on Friday it would only consider deals that are
"disciplined" and increase shareholder value, a move analysts
said signaled the media company does not want to overpay for
takeover target Time Warner Inc.
** Philips has taken a first step towards selling a
stake in a lighting components business it is currently carving
out by appointing Morgan Stanley to handle the sale
process, three people familiar with the matter said.
** The United Kingdom's Takeover Panel has granted an
extension to TUI Travel Plc, Europe's biggest tour
operator, and its majority owner, TUI AG, to confirm
their proposed merger.
** Shares of Canadian trucking company TransForce Inc
rose as much as 8 percent in morning trading on Friday
after the company said it would buy Contrans Group Inc
for about C$495 million and reported better-than-expected
** Kenya's national security committee has approved plans
for a security and surveillance system, clearing the way for a
project worth 14.9 billion shillings ($170 million) to Safaricom
SCOM.NR, its chief executive said on Friday.
** Deutsche Boerse AG is open to possible
acquisitions and has not hired banks to sell its International
Securities Exchange (ISE) unit, the Frankfurt-based exchange
operator's finance chief said on Friday.
** Private equity firm KKR & Co LP said on Friday
its special situations fund would lead an investment of more
than $680 million in Preferred Sands, keeping one of North
America's largest producers of sand for oil and gas producers in
** The new management of Italy's Eni plans to press
on with the sale of a controlling stake in oil services
subsidiary Saipem so it can focus on the more
lucrative business of finding oil and gas, sources said.
** The management of Hong Yuan Securities Co Ltd
has agreed to be bought by Shenyin & Wanguo Securities Co Ltd
for 39.6 billion yuan ($6.4 billion), creating China's
** British construction company Carillion Plc is in
talks with Balfour Beatty on a possible merger that
would create a 3 billion pound ($5.1 billion) group with the
muscle to compete with rivals such as Spain's Ferrovial
and France's Vinci.
** Club Mediterranee said on Friday its board of
directors had decided to recommend that shareholders back a 790
million euro takeover offer for the holidays group from Italian
financier and top shareholder Andrea Bonomi.
** U.S. baby product retailer Destination Maternity Corp
gave up its pursuit of Britain's Mothercare Plc
after having two bid proposals rejected.
** Spanish property company Colonial said it had
made a 650 million euros ($874 million) offer for Realia
Patrimonio, a unit of Realia which develops and rents
** John Malone's Liberty Media Corp started the
process of spinning off its cable assets through a stock
dividend to its shareholders to form a new listed company called
** Malaysia's Infinite Rewards Inc and Singapore-listed
Albedo Ltd have scrapped plans for a reverse takeover,
a deal that would have let Albedo join the foray of
international property developers buying up land in Malaysia's
** China's Bank of Communications Co Ltd (BoCom)
plans to sell stakes to private investors under a
government reform aimed at letting private capital play a bigger
role in the economy, two people familiar with the matter said.
** Shareholders of Thailand's True Corp Pcl
approved a plan to sell new shares to China Mobile Ltd
. China Mobile has agreed to buy an 18 percent stake in
True for $881 million in Thailand's first major corporate deal
since the military coup in May.
** India's new government plans to sell a 5 percent stake in
state-run Steel Authority of India Ltd this fiscal
year ending March, Finance Minister Arun Jaitley said. The
government also approved the sale of its residual stakes in
Hindustan Zinc Ltd and Bharat Aluminium Co.
The government also plans a public listing of steel company
Rashtriya Ispat Nigam Ltd IPO-RASH.NS and will sell a 10
percent stake this fiscal year. It also plans to sell a 10
percent stake in Hindustan Aeronautics Ltd IPO-HIAE.NS.
** Finland's top media house Sanoma's chief
executive said its Russian unit, including a stake in Vedomosti
newspaper and around 50 magazine titles such as Cosmopolitan and
Esquire, was attracting interest from potential buyers.
** Czech billionaire property developer Radovan Vitek has
launched a mandatory buyout offer for shares in German real
estate group GSG. Vitek holds 94 percent of GSG and is
offering to buy remaining shares at a price of 0.53 per share.
** The chief executive of Anglo American Plc
dismissed reports that the group is in talks to sell its stake
in the Samancor manganese joint venture with BHP Billiton
and said it may be too optimistic to expect a sale of
its South African platinum assets by 2015.
** PetroChina is reconsidering a plan to auction
off its multi-billion dollar natural gas pipeline unit, and
could instead sell it to an affiliate, three people who were
briefed on the matter by the Chinese energy giant told Reuters.
** Venezuela's state-run oil company Petroleos de Venezuela
SA (PDVSA) is considering offers to buy its U.S.
downstream subsidiary Citgo, industry research group Argus Media
reported on its website on Thursday.
** The chief executive of South African platinum producer
Lonmin said it was considering buying out the rest of
the joint venture in the Pandora mine that it operates with
bigger rival Anglo American Platinum (Amplats).
** Alitalia shareholders on Friday approved a share issue of
up to 250 million euros ($336 million) to keep the Italian flag
carrier flying as it seeks to finalise a life-saving tie-up with
** Banca Carige has entered exclusive talks with
U.S. investment fund Apollo Management Holdings LP for the sale
of its two insurance units, the Italian mid-sized lender said in
a statement on Thursday.
** U.S. real estate website operator Zillow Inc is in
advanced talks to buy smaller rival Trulia Inc,
according to people familiar with the matter.
** Vodafone on Thursday extended its voluntary
tender offer to buy all the share capital of Italian car
electronics maker Cobra Automotive Technologies by
five trading days to Aug. 1.
($1 = 0.59 British Pounds)
($1 = 0.74 Euros)
($1 = 6.1913 Chinese Yuan)
(Compiled by Ankit Ajmera and Lehar Maan in Bangalore)