DealZone

M & A wrap: Tepco sheds assets

November 28, 2011

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.

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/