Orange would consider bid for Vivendi's pay-TV if for sale - CEO
SKHIRAT, Morocco France's Orange would consider bidding for Vivendi's pay-TV Canal Plus if it came up for sale, Chief Executive Officer Stephane Richard said on Thursday.
NEW YORK A U.S. unit of Mitsubishi UFJ Financial Group Inc (8306.T) is in talks to acquire the rights to sell trust-banking services to Morgan Stanley's (MS.N) clients, in the bank's latest bid to expand its business abroad, a source familiar with the matter said on Sunday.
The proposed deal involves Mitsubishi UFJ's Union Bank providing services to trust accounts worth an estimated $4 billion, which Morgan Stanley will continue to manage. Union Bank will earn fees on the trust services it sells, the source familiar with the matter said.
Mitsubishi UFJ is the Wall Street investment bank's biggest shareholder.
The proposed deal is subject to approval from the Office of the Comptroller of the Currency.
Mitsubishi UFJ could not immediately be reached for comment.
In another deal earlier this month, through UnionBanCal - Union Bank's U.S. parent - Japan's biggest bank agreed to pay $3.7 billion for a portfolio of U.S. commercial property loans from Deutsche Bank AG (DBKGn.DE).
(Reporting by Lauren Tara LaCapra and Richard Leong; Additional reporting by Jessica Toonkel in New York, Emi Emoto in Tokyo; Editing by Marguerita Choy and Stephen Coates)
Fixed annuity service provider Athene Holding Ltd said its initial public offering of 27 million class A shares raised $1.1 billion after the offering was priced in the mid-point of its expected range, valuing the company at about $7.41 billion.
Time Inc , the publisher of Time, People and Fortune magazines, has tapped Morgan Stanley and Bank of America Corp to help field takeover or partnership interest, the Wall Street Journal reported.