DealZone

DealZone Daily

November 9, 2009

In Monday’s DealZone Daily: French insurer AXA sets its sights on Asian growth. Meanwhile, General Electric Co. and Comcast Corp agree on a valuation of around $30 billion for a joint venture between NBC Universal and Comcast, ironing out what has been a key obstacle in talks so far, a source familiar with the matter says.

For more on these stories, and the rest of the latest deals news from Reuters, click here.

And in the newspapers:

* Indian energy giant Reliance Industries (RELI.BO) is close to a nearly $6 billion overseas acquisition and the likely target is the assets of petrochemicals firm LyondellBasell, the Economic Times reported, citing an unidentified banker.

* NYSE Euronext (NYX.N)(NYX.PA), parent of the New York Stock Exchange, has expressed strong interest in a China listing as the country prepares to allow for such listings, Hong Kong media reported. Reuters story here.

* Sprint Nextel Corp (S.N). is preparing to pump at least $1 billion more into Clearwire Corp., the Wall Street Journal reported, citing two people familiar with the matter.

* Private equity fund CVC has pulled out of talks with General Electric (GE.N) about a possible joint bid for the power and transmission unit of France’s Areva (CEPFi.PA), a French financial news service reported on Sunday. Reuters story here.

* Tobacco giant Reynolds American Inc (RAI.N) is in advanced talks to buy a Swedish maker of products that help people stop smoking, the Wall Street Journal reported.

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