Nadia's Feed
Jan 29, 2014

Lenovo nears $3 billion deal to buy Google’s Motorola unit

NEW YORK (Reuters) – China’s Lenovo Group is nearing a deal to buy Google Inc’s Motorola handset division for close to $3 billion, people familiar with the matter told Reuters on Wednesday, buying its way into a heavily competitive U.S. handset market dominated by Apple Inc.

Lenovo is in the final stages of talks to buy the Google division that makes the Moto X and Moto G smartphones, as well as certain patents, the sources said.

Jan 29, 2014

Lenovo nears $3 bln deal to buy Google’s Motorola unit-sources

NEW YORK, Jan 29 (Reuters) – China’s Lenovo Group
is nearing a deal to buy Google Inc’s Motorola handset
division for close to $3 billion, people familiar with the
matter told Reuters on Wednesday, buying its way into a heavily
competitive U.S. handset market dominated by Apple Inc.

Lenovo is in the final stages of talks to buy the Google
division that makes the Moto X and Moto G smartphones, as well
as certain patents, the sources said.

Jan 27, 2014

Exclusive: Thoma Bravo prepares Blue Coat for sale – sources

By Nadia Damouni and Nicola Leske

(Reuters) – Private equity firm Thoma Bravo LLC is exploring the sale of network security company Blue Coat Systems Inc and is expected to choose Goldman Sachs Group Inc (GS.N: Quote, Profile, Research, Stock Buzz) to lead the effort, according to three sources close to the situation.

While the sale process has not officially kicked off, Blue Coat has already started to attract interest from private equity firms and large tech vendors. Possible suitors could include IBM (IBM.N: Quote, Profile, Research, Stock Buzz), Oracle Corp (ORCL.N: Quote, Profile, Research, Stock Buzz) and Hewlett-Packard Co (HPQ.N: Quote, Profile, Research, Stock Buzz), one of the sources said.

Jan 27, 2014

Thoma Bravo prepares Blue Coat for sale -sources

Jan 27 (Reuters) – Private equity firm Thoma Bravo LLC is
exploring the sale of network security company Blue Coat Systems
Inc and is expected to choose Goldman Sachs Group Inc to
lead the effort, according to three sources close to the
situation.

While the sale process has not officially kicked off, Blue
Coat has already started to attract interest from private equity
firms and large tech vendors. Possible suitors could include IBM
, Oracle Corp and Hewlett-Packard Co,
one of the sources said.

Jan 24, 2014

EBay reliance on PayPal for growth lowers chances of spinoff

NEW YORK, Jan 24 (Reuters) – EBay Inc is fighting
the proposal by activist investor Carl Icahn to spin off PayPal
because it views the payments service as crucial to long-term
growth prospects of the e-commerce company.

The marketplaces business, eBay’s biggest, is growing at a
slower rate than both PayPal and eBay rival Amazon.com Inc.
PayPal, estimated to be worth as much as $40 billion on its own,
helps bolster eBay’s share price.

Jan 24, 2014

Exclusive: Icahn’s stake in eBay close to 2 percent – source

By Nadia Damouni and Phil Wahba

(Reuters) – Activist investor Carl Icahn’s stake in e-commerce company eBay Inc is more than previously reported at close to 2 percent, a source familiar with the matter said on Thursday.

EBay said this week that Icahn had taken a 0.82 percent interest in the company earlier this month and made a non-binding proposal for eBay to spin off its PayPal payments business. EBay has a market capitalization of about $70 billion.

Jan 23, 2014

EBay dismisses Icahn proposal to spin off Paypal

By Phil Wahba and Nadia Damouni

(Reuters) – Carl Icahn has taken a stake in eBay Inc and is proposing a spin-off of the its fast-growing PayPal division, but the e-commerce giant rebuffed the overture, setting the stage for a potential battle with the activist investor.

EBay, which bought PayPal for $1.5 billion in 2002 and has considered hiving off the multibillion-dollar payments service, argued on Wednesday that the business would lose synergies with the overall e-commerce business as an independent unit.

Jan 14, 2014

Exclusive: Valeant, Actavis, Mylan eye Pfizer’s generics unit: sources

NEW YORK (Reuters) – Drugmakers Valeant Pharmaceuticals International Inc (VRX.TO: Quote, Profile, Research, Stock Buzz), Actavis Plc (ACT.N: Quote, Profile, Research, Stock Buzz) and Mylan Inc (MYL.O: Quote, Profile, Research, Stock Buzz) have all expressed interest in buying Pfizer Inc’s (PFE.N: Quote, Profile, Research, Stock Buzz) branded generics business, but no active discussions are going on at this time, according to three people close to the matter.

The “established products” unit, which makes off-patent drugs, had global sales of $7 billion in the first nine months of 2013, accounting for 18 percent of Pfizer’s revenue. Pfizer said in July it planned to separate its commercial operations into three units — two mainly for patent-protected brands and the third for generics.

Dec 18, 2013

Ford says profit to slow a gear in 2014; shares slump

NEW YORK (Reuters) – Ford Motor Co (F.N: Quote, Profile, Research, Stock Buzz) warned Wednesday that the cost of launching new vehicles and a deteriorating Venezuelan economy would dent its profit next year, news that sent shares of the No. 2 U.S. automaker down 7 percent in afternoon trading.

The Detroit-area company said its mid-decade target for a global automotive profit margin of 8 percent to 9 percent was also at risk.

Dec 13, 2013

Charter readies Time Warner Cable bid below $135/share: source

NEW YORK (Reuters) – Charter Communications Inc is preparing to send an offer letter to acquire Time Warner Cable Inc as soon as next week, a source close to the matter said on Friday.

The offer is expected to be less than $135 per Time Warner Cable share and will be a combination of cash and stock, said the source, who asked not to be named because the matter is not public.