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
Silver Lake eyes Norway's Tandberg: report
(Reuters) - U.S. buyout firm Silver Lake Partners LP is eyeing a possible takeover of Norwegian video conferencing systems maker Tandberg (TAA.OL), the Wall Street Journal said, citing people familiar with the matter.
If struck at a typical premium to Tandberg's current share price, the deal could be valued at more than $2 billion, the paper said adding that it was not clear what the terms of any possible terms would be.
Silver Lake came close to buying Tandberg last year but backed off as the global credit crisis engulfed Wall Street banks and many other financial companies after the collapse of Lehman Brothers Holdings Inc (LEHMQ.PK), according to the paper.
Silver Lake and Tandberg could not be immediately reached for comment by Reuters.
(Reporting by Ajay Kamalakaran in Bangalore; Editing by Anshuman Daga)
