DealZone

Deals du Jour

General Electric Co’s (GE.N) Jeffrey Immelt has just come out to say it is holding discussions on partnerships or an IPO for its NBC Universal unit. Sources familiar with the talks have told Reuters that GE and cable operator Comcast Corp (CMCSA.O) are discussing a deal.

Mexican brewer FEMSA (FMSAUBD.MX)(FMX.N) has talked with Britain’s SABMiller Plc (SAB.L) and Heineken (HEIN.AS) from the Netherlands about a possible sale of beer operations that could be worth billions of dollars, a source familiar with the situation told Reuters.

Last but not least, the UK Takeover Panel has given Xstrata PLC (XTA.L) a deadline to “put up or shut up” on its proposal to merge with rival miner Anglo American (AAL.L).

For more Reuters stories on deals, click here.

Bye-bye cool tickers? DNA and BUD head for bin

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Pity the guys who dreamt up two of Wall Street’s coolest tickers — DNA and BUD — both of which look set to be consigned to the dustbin of history.

Genentech grabbed the three letters synonymous with biotechnology by being in on the ground floor of the gene revolution. Anheuser-Busch was lucky enough to have a beer brand known everywhere by one syllable. Now both look doomed. dna-global-logo.gif

Genentech faces a $43.7 billion bid from Roche for the 44 percent of the Californian biotech group that it doesn’t already own. Genentech is expected to succomb, albeit after a possibly sweetened offer. Anheuser has already agreed to a $52 billion takeover by InBev.