SoftBank eyes T-Mobile US as ‘Plan B’ -sources
June 7 (Reuters) – SoftBank Corp is in talks with
Deutsche Telekom AG over a possible deal for T-Mobile
US Inc, as the Japanese company looks for alternatives
to enter the U.S. wireless market if its deal with Sprint Nextel
Corp falls apart, three sources familiar with the matter
said on Friday.
SoftBank and Deutsche Telekom were in talks last year about
a deal for T-Mobile USA and have had periodic discussions since
then, but those conversations have intensified in recent weeks
after Dish Network Corp made a $25.5 billion counterbid
for Sprint, two of the sources said. SoftBank has a deal to buy
70 percent of Sprint for $20.1 billion.
SoftBank eyes T-Mobile US as ‘Plan B’ -sources
June 7 (Reuters) – SoftBank Corp (9984.T: Quote, Profile, Research) is in talks with
Deutsche Telekom AG (DTEGn.DE: Quote, Profile, Research) over a possible deal for T-Mobile
US Inc (TMUS.N: Quote, Profile, Research), as the Japanese company looks for alternatives
to enter the U.S. wireless market if its deal with Sprint Nextel
Corp (S.N: Quote, Profile, Research) falls apart, three sources familiar with the matter
said on Friday.
SoftBank and Deutsche Telekom were in talks last year about
a deal for T-Mobile USA and have had periodic discussions since
then, but those conversations have intensified in recent weeks
after Dish Network Corp (DISH.O: Quote, Profile, Research) made a $25.5 billion counterbid
for Sprint, two of the sources said. SoftBank has a deal to buy
70 percent of Sprint for $20.1 billion.
Exclusive: SoftBank eyes T-Mobile US as ‘Plan B’
By Paritosh Bansal and Soyoung Kim
(Reuters) – SoftBank Corp (9984.T: Quote, Profile, Research, Stock Buzz) is in talks with Deutsche Telekom AG (DTEGn.DE: Quote, Profile, Research, Stock Buzz) over a possible deal for T-Mobile US Inc (TMUS.N: Quote, Profile, Research, Stock Buzz), as the Japanese company looks for alternatives to enter the U.S. wireless market if its $20.1 billion deal with Sprint Nextel Corp (S.N: Quote, Profile, Research, Stock Buzz) falls apart, according to three sources familiar with the situation on Friday.
SoftBank and Deutsche Telekom were in talks last year about a deal for T-Mobile USA and have had periodic discussions since then, but those conversations have intensified in recent weeks after Dish Network Corp (DISH.O: Quote, Profile, Research, Stock Buzz) made a $25.5 billion counterbid for Sprint, two of the sources said.
AIG eyes new director with regulatory experience
May 23 (Reuters) – American International Group Inc’s
board is looking for a new director with regulatory
experience, as the insurer readies for the government to
classify it as big enough to merit greater scrutiny, according
to two sources familiar with the situation.
AIG, which is already regulated by the U.S. Federal Reserve,
expects more oversight if it is declared a “systemically
important financial institution,” or SIFI. The designation is
widely expected after the U.S. Financial Stability Oversight
Council told the company in October that it may do so.
Dell says Blackstone, Icahn offers may be superior
By Jessica Toonkel and Paritosh Bansal
(Reuters) – Dell Inc (DELL.O: Quote, Profile, Research) said it received alternative proposals from Blackstone Group LP (BX.N: Quote, Profile, Research) and Carl Icahn that could be superior to the $24.4 billion offer from founder Michael Dell and private equity fund Silver Lake Partners last month.
Michael Dell is willing to explore the possibility of working with third parties regarding alternative offers, the company said on Monday.
Dell’s board evaluates rival bids: source
By Jessica Toonkel and Paritosh Bansal
(Reuters) – A special committee of Dell Inc’s board is evaluating separate takeover proposals from Blackstone Group and billionaire investor Carl Icahn to decide whether either or both are likely to trump an existing $24.4 billion take-private deal, a source familiar with the discussions said on Sunday.
Icahn and Blackstone put in preliminary bids late last week, potentially upsetting the plans of the No. 3 PC maker’s founder, Michael Dell, and private equity firm Silver Lake to take Dell private.
Obama backer Pritzker sees ‘fiscal cliff’ deal taking time
NEW YORK (Reuters) – Penny Pritzker, a U.S. businesswoman and longtime supporter of President Barack Obama, said an agreement with Republicans over the looming federal debt crisis could take six to nine months and may require the influence of ordinary Americans on legislators.
Pritzker, who was national co-chair of the president’s re-election campaign – Obama for America 2012 – said in a phone interview on Wednesday that the president had told her his top priority after the election was resolving the fiscal cliff problem – a $600 billion package of federal spending cuts and tax increases set to begin in January that could push the U.S. into a new recession.
Obama backer Pritzker sees long fight on fiscal cliff
NEW YORK (Reuters) – Penny Pritzker, a U.S. businesswoman and long-time supporter of President Barack Obama, said resolution of a looming debt crisis facing the country will take a long, drawn-out fight with Republicans and require the influence of ordinary Americans on legislators.
Pritzker, who was national co-chair of the president’s reelection campaign – Obama for America 2012 – said in a phone interview on Wednesday that the president had told her his top priority after the election was resolving the fiscal cliff problem. That is a reference to a package of federal spending cuts and tax increases set to begin in January that could push the U.S. into a new recession.
Exclusive: AEG auction starts; Anschutz seeks bids in $10 billion range
NEW YORK (Reuters) – Billionaire Phil Anschutz has kicked off the auction of his Anschutz Entertainment Group, with an expectation that the sports and entertainment giant should draw bids in the $10 billion range, higher than previously believed, according to sources familiar with the situation.
The initial, 25-page AEG information memorandum that describes the business but has no financial information was expected to go to “dozens” of potential buyers on Monday, the sources said. The initial group of recipients is expected to include rich individuals, rivals, sovereign wealth funds, real estate firms, and private equity firms, they said.
Exclusive: Best Buy founder presses forward on possible $11 billion buyout plan
NEW YORK (Reuters) – Best Buy Co Inc founder Richard Schulze and at least four private equity firms have started examining the books of the world’s largest consumer electronics chain, early steps toward what could become a potential $11 billion buyout, according to people familiar with the matter.
Apollo Global Management LLC, Cerberus Capital Management LP, TPG Capital LP and Leonard Green & Partners LP are among firms that are conducting due diligence on Best Buy, as are Schulze and his financial advisers at Credit Suisse Group AG, several sources told Reuters.

