M & A wrap: Tepco sheds assets
Mobile carrier KDDI Corp said it would sell up to $2.6 billion of convertible bonds and use the money to buy back its own shares from Tokyo Electric. Tokyo Electric is selling off assets under a restructuring plan to raise funds to compensate victims of the Fukushima crisis.
China is preparing to buy up plum assets in Europe, the commerce minister said, as the escalating debt crisis leaves countries in the region increasingly vulnerable to the deep pockets of Chinese firms.
Zynga’s tough work environment with its focus on metrics could cause a brain drain for the online game company, DealBook reports.
“What’s next for AT&T and T-Mobile? Not a merger in the near future,” reports The Washington Post.
ZDNet also looks at the T-Mobile deal and sees the wireless spectrum shortage as stopping AT&T from completely punting on the T-Mobile deal.