DealZone

DealZone Daily

November 4, 2009

General Motors abandons a long-expected sale of Opel, saying it is now keeping its European arm rather than selling it to a group led by Canada’s Magna.

Goldman Sachs has agreed to sell half of its holdings in Shineway Group, China’s top meat processor for $150 million, earning five times its investment from a 2006 deal.

For more on these stories, and all the rest of the latest deal-related news from Reuters, click here.

And here’s some picks from the papers:

* Warren Buffett’s Berkshire Hathaway Inc (BRKa.N) has joined Goldman Sachs Group Inc (GS.N) in a bid to buy $3 billion in tax credits from mortgage giant Fannie Mae, says the Wall Street Journal.

* A settlement is near in a lawsuit that could have blocked eBay Inc (EBAY.O) from selling a majority stake in Web phone service Skype to Index Ventures and other investors for $1.9 billion, the Wall Street Journal reports.

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