DealZone

Deals wrap: BSkyB deal unravels

News Corp will withdraw its bid for British broadcaster BSkyB, the company said. Breakingviews columnist Chris Hughes writes James Murdoch should stage his own tactical retreat and resign from News Corporation.

Medical device maker Kinetic Concepts said it would go private in a nearly $5 billion cash deal with a consortium of private equity firm Apax Partners and two Canadian pension firms.

Electronic Arts Inc, the video game publisher, is buying PopCap Games in a deal worth up to $1.3 billion as it tries to ramp up its social and casual games portfolio and better compete with Zynga.

Deals wrap: Frothy results and scandal

A Sky News broadcast is shown on television screens in an electrical store in Edinburgh Scotland January 27, 2011.  REUTERS/David MoirNews Corp may have to raise its BSkyB bid as much as 20 percent as its 7-month-old offer gets tied down in a phone-hacking scandal that may undermine the deal. The deal will likely overshadow the company’s quarterly earnings, which are due after the market closes on Wednesday.

Russian companies could have mere weeks to seize a short window to launch IPOs as investor confidence remains fragile and the state mulls a privatization plan that could swamp capital markets.

“If anyone needs proof the tech sector has entered extra-frothy, double-latte territory, it’s best to look past the immense valuations discussed for Groupon or Facebook,” reports The Wall Street Journal.

Deals wrap: Racking up the deals

Vehicles drive on flyovers during the evening rush hour in central Shanghai December 29, 2010. REUTERS/Aly Song There’s a new swagger among the bosses of emerging market companies as they sign checks for a growing list of acquisitions in both the developed and developing world. And this is just the start.

Strong demand for broadband and high-definition TV lifted first-half profits at bid target BSkyB by 26 percent, increasing pressure on Rupert Murdoch‘s News Corp to secure its takeover deal without delay.

Veteran banker John Kanas gets to cash in big time on one of the most profitable bank buyouts in years when BankUnited goes public on Thursday. Kanas’ expected profits are in stark contrast to the FDIC’s losses from BankUnited.

Adieu Setanta

A bold attempt to challenge BSkyB’s hold on football broadcasting came to an end at 6pm on Tuesday, when Setanta Sports went off air in Britain for good.

Earlier that afternoon the company called in administrators from Deloitte to wind up its UK operations after failing to secure last-ditch financing to keep the business afloat.

The Irish and international businesses remain trading, but the company’s hopes of building a global brand around broadcasting English Premier League games fell away on Friday when the League terminated its contract with the company.