Aug 25 The following corporate finance-related
stories were reported by media:
* Twitter Inc's long-awaited plan to let its users
make purchases right from a tweet is nearing, and payments
startup Stripe will have a role in the business, multiple
industry sources told tech news website Re/code.(on.recode.net/YKv5LP)
* Time Warner Inc's CNN has looked beyond Vice Media
in its quest for a partner to help revamp its struggling sister
station, HLN. CNN executives have held talks in recent weeks
with representatives from Glenn Beck's The Blaze, a 24-hour news
and entertainment network, about a potential joint venture to
overhaul HLN, according to people familiar with the matter. (on.wsj.com/1pSe6RR)
* Amazon Inc is planning to develop its own
software for placing advertisements online, The Wall Street
Journal reported, citing people with knowledge of the matter.
* Suppliers to Apple Inc are scrambling to get
enough screens ready for the new iPhone 6 smartphone as the need
to redesign a key component disrupted panel production ahead of
next month's expected launch, supply chain sources said.
* Neustar Inc, a company which helps North American
telecommunication carriers route calls and text messages, is
considering a potential sale amid interest from private equity
firms, according to people familiar with the matter.
* German venture capital firm Rocket Internet and Zalando,
Europe's biggest specialist online fashion retailer, are both on
the brink of announcing plans to list on the Frankfurt stock
exchange, several sources with knowledge of the matter said.
* Private equity firms Affinity Equity Partners and CVC
Capital Partners are among potential bidders for South Korea's
No. 1 car rental company, KT Rental, in a sale expected to fetch
around 800 billion won ($786 million), people familiar with the
matter said on Friday.
* Taiwan's Wei family will ask the chairman of Cathay
Financial and electronics parts firm Cheng Uei
to invest in its planned purchase of the nation's
biggest cable TV operator, a source with direct knowledge of the
matter said on Monday.
* Private-equity firm Oak Hill Capital Partners reached a
deal over the weekend to acquire Berlin Packaging LLC for $1.43
billion including debt, the Wall Street Journal reported, citing
people with knowledge of the matter.(on.wsj.com/1smGaeK)
* Airbus is considering a sale of its 49 percent
stake in submarine supplier Atlas Elektronik as part of a
reshuffle of its military business, German newspaper Die Welt
reported on its website on Friday, citing industry sources.
* U.S.-based Apollo Global Management is in
exclusive talks to buy Portuguese insurance company
Tranquilidade, part of the troubled web of businesses of the
Espirito Santo family, for some 200 million euros ($264.6
million), a source close to the transaction said.
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(Compiled by Shivam Srivastava in Bangalore)