DealZone

M & A wrap: HSBC Holdings to sell unit

September 12, 2011

HSBC HoldingsĀ  has launched the sale of its non-life insurance business, sources told Reuters, a global division worth about $1 billion and now part of the bank’s plan to strip away non-core units.

Suzuki Motor wants to end its two-year-old alliance with Volkswagen after the German carmaker accused it of violating their partnership pact by agreeing a diesel engine deal with Italy’s Fiat.

“Much of the blame for Yahoo Inc.’s lack of revenue growth in recent years fell on Chief Executive Carol Bartz. Now, that investor angst has shifted to Yahoo Chairman Roy Bostock,” reports the WSJ.

Wireless chipmaker Broadcom agreed to buy NetLogic Microsystems for about $3.7 billion to extend its range of chipmaking technology for more advanced networks.

For your morning distraction, here’s the TechCrunch/AOL saga told as a Star Wars tale.

Post Your Comment

We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/