China in auto power play
It might not shake up the industry just yet, but China's interest in Volvo and Saab is the start of something big in global autos, writes columnist Wei Gu. Commentary
NBC in talks to buy Sparrowhawk Media: paper
LONDON (Reuters) - NBC Universal is preparing to buy Sparrowhawk Media, the private-equity backed owner of the Hallmark channel, for 175 million pounds ($351 million) to make its biggest foray into Britain's TV industry, a newspaper said.
Sparrowhawk's owners -- 3i (III.L) and Providence -- are close to concluding talks with NBC to sell the business, the Sunday Telegraph said in an unsourced report.
The move will help NBC, controlled by General Electric (GE.N), to achieve its target of increasing the proportion of international revenues to its overall income to 30 percent from 20, it said.
