Technology, Media & Telecommunications Headlines
Mon, Jul 1 2013
Tribune to buy 19 local TV stations for $2.73 billion
- Tribune Co said on Monday that it would acquire 19 television stations from Local TV Holdings LLC for $2.73 billion in cash, making it the largest TV broadcaster in the United States. | Video
Time Warner said to be near sale of headquarters, move to Hudson Yards
- Time Warner Inc is in talks to buy a new world headquarters by the Hudson River in Manhattan and to sell its current space to real estate developer Related Cos for what could be more than $1.3 billion, two sources said on Monday.
Icahn seeks Dell meeting after securing $5.2 billion for bid
- Billionaire investor Carl Icahn asked for a meeting with Dell Inc's special board committee after lining up $5.2 billion in loan commitments to back up his bid for a leveraged recapitalization of the personal computer maker.
Kohlberg to buy grand piano maker Steinway for $438 million
NEW YORK - Steinway Musical Instruments Inc. , the 160-year-old manufacturer of pianos, saxophones and trumpets, said on Monday it had agreed to be acquired by private equity firm Kohlberg & Co. in a deal valued at about $438 million.
India's Zensar in acquisition talks with at least two U.S. firms
- Indian outsourcing services provider Zensar Technologies Ltd is in acquisition talks with at least two U.S.-based companies to boost its offerings in its largest export market.
Nokia to buy out Siemens equipment venture; shares surge
HELSINKI - Nokia shares surged on Monday after it announced plans to buy out Siemens AG's share of their network equipment joint venture, betting on the technology to run 4G networks as it struggles in the smartphones business. | Video
Nokia CEO says synergies not part of NSN deal consideration
HELSINKI - Nokia Chief Executive Stephen Elop said the company had not considered synergies when deciding to buy Siemens' stake in Nokia Siemens Networks and that the future of the network gear maker was open.
Italy's RCS not in talks with News Corp: Elkann
MILAN - Italian publisher RCS Mediagroup's main shareholder John Elkann on Monday dismissed press reports of a link-up between the loss-making group and Rupert Murdoch's News Corp, where he sits on the board.
Sun, Jun 30 2013
Nokia agrees to buy Siemens' stake in NSN joint venture: Bloomberg
- Mobile handset maker Nokia has reached a deal to buy German industrial conglomerate Siemens' stake in their telecoms equipment joint venture, Nokia Siemens Networks, Bloomberg reported on Sunday, citing three people familiar with the situation.
Saudi Mobily in $650 million financing deal with Ericsson, NSN
DUBAI - Saudi Arabia's Mobily has signed memorandum of understandings with Nokia Siemens Networks and Ericsson to fund the purchase of $650 million of equipment from the firms, the telecom operator said on Sunday.
McCain, Biden coming together for Sedona, Arizona forum
These days Washington is not known for bipartisanship, but every now and then a breakthrough is made. It is noteworthy that Vice President Joe Biden, a Democrat, and Senator John McCain, a Republican, are appearing together at a forum in Sedona, Arizona on Friday.
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