Deals

BSkyB to pay $9 billion to create Sky Europe

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LONDON/PARIS - 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.

British construction firm Carillion eyes Balfour in 3 billion pound merger 8:54am EDT

LONDON - British support services and construction company Carillion made a bold move to capitalize on its successes with a possible 3 billion pound ($5.1 billion) merger with infrastructure firm Balfour Beatty .

Liberty Media plans stock dividend to spin off cable assets 9:09am EDT

- 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 Liberty Broadband.

TUI Travel and TUI AG get extension on merger talks 11:35am EDT

- 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.

Philips picks Morgan Stanley for lighting business stake sale: sources 11:06am EDT

FRANKFURT - 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.

Cukurova and Alfa agree on financing terms in Turkcell stake dispute 11:09am EDT

ISTANBUL - Turkey's Cukurova and Russia's Alfa Group have agreed terms under which Cukurova could finance the recovery of a disputed $1.6 billion stake in telecoms firm Turkcell , a British court said on Friday.

Alitalia investors approve cash call to buy time for Etihad deal 11:53am EDT

ROME - 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 finalize a life-saving tie-up with Etihad Airways.

Murdoch's Fox vows to be 'disciplined' on deals, extend buybacks 10:10am EDT

NEW YORK/LONDON - 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 signalled the media company does not want to overpay for takeover target Time Warner .

Infinite Rewards, Albedo scrap $620 million reverse takeover 7:38am EDT

KUALA LUMPUR - Malaysia's Infinite Rewards Inc and Singapore-listed Albedo Ltd have scrapped plans for a reverse takeover, according to a statement on Friday, in a deal that would have let Albedo join the foray of international property developers buying up land in Malaysia's Iskandar region.

PetroChina reconsiders sale of natural gas pipeline assets: sources 1:48am EDT

BEIJING/HONG KONG - 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.

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