M & A wrap: American Airlines files for Chapter 11
American Airlines and its parent company AMR Corp filed for bankruptcy after failing to win a labor deal with pilots and suffering from mounting fuel costs.
Thomas H. Lee Partners is interested in buying the U.S. operations of Yahoo, breaking away from other bidders that are for now eyeing either a minority stake or teaming up with the Internet giant’s partners in Asia, sources familiar with the matter said.
Facebook is now targeting a time frame of April to June 2012 for a initial public offering, raising possibly $10 billion, the WSJ reports.
The chances of an AT&T-T-Mobile merger grow dimmer by the day, but there may yet be hope on the horizon for the telecommunications giants – next year’s election.
“Social gaming company Zynga is planning to begin its IPO road show this coming Monday,” Fortune reports.