General Electric and Vivendi agree to a deal in which GE would buy the French company’s 20 percent stake in NBC Universal for $5.8 billion, a source familiar with the matter says, paving the way for Comcast Corp’s proposed joint venture with GE.
Geely, the Chinese carmaker picked as the preferred bidder for Ford Motor’s Volvo unit, is seeking at least $1 billion in loans from Chinese banks to finance its $1.8 billion bid, sources say.
Zijin Mining Group, China’s largest listed gold company, offers $498 million for Indophil Resources, chasing the Australian miner’s one-third stake in a big copper and gold lode in the Philippines.
Peet’s Coffee & Tea raises its cash-and-stock offer to buy Diedrich Coffee for the second time in two weeks.
And in the newspapers:
Swiss wealth manager Sarasin has emerged as a suitor for Sal. Oppenheim’s BHF-Bank private banking unit unit which is up for sale, German daily Handelsblatt reports.
Billionaire investor Joe Lewis could make a takeover bid for Alphameric, a British bookmaking-technology firm, as early as Tuesday through Mayfair Capital Investments, The Daily Telegraph reports.