DealZone

Deals du Jour

Porsche is in talks to sell a stake of up to 25 percent in its holding company to the Gulf state of Qatar and a deal could be announced within weeks, people familiar with the talks told the Financial Times. For more of today’s deals headlines on Reuters, click here.

And more in the newspapers:

* German state-controlled bank WestLB was close to being shut down over the weekend , the Wall Street Journal reported, citing people familiar with the situation.

Owners of the struggling bank agreed to provide an additional 4 billion euros ($5.6 billion) in guarantees to help support a sweeping reorganisation, WestLB said late on Sunday.

* Investment house RIT Capital Partners Plc has pulled assets out of U.S.-based hedge fund Atticus Capital LP, saying its investment in the company had “run its course”, the Wall Street Journal reported, citing RIT Capital’s annual report and spokesman.

* Wonga.com, the online loans company, has secured $22 million of new finance in a deal led by Accel Partners and Greylock Partners, the Financial Times and the Daily Telegraph newspapers reported. It is one of the biggest private equity funding rounds in Europe this year, the FT said.

Deals du Jour

Cars dominate headlines again, with a GM bankruptcy looming and Chrysler CEO Nardelli saying he expects a deal with Fiat on Friday. In other news, Chartered Semiconductor denies a newspaper report that Advance Technology Investment has bid for Temasek’s majority stake in the firm. For today’s headlines, click here.

And here is what we found of interest in newspapers:

Credit Suisse has begun a plan to sell its London property estate and raise up to 500 million pounds ($800 million), the Financial Times reported.

Terra Firma has been forced to inject more cash into EMI after the debt-laden UK music group missed targets imposed in banking covenants, the Financial Times said. The Wall Street Journal separately said Terra Firma had put up an additional 28 million pounds to bail out EMI.

Deals du jour

A man rides past a newsstand with French daily newspapers in Nice, southeastern France, February 24, 2009.

AIG plans to float its Asian crown jewel, Volkswagen halts talks with Porsche, Nomura hires for a massive push in U.S. equities, and more. Here are the latest deal-related stories:

AIG to launch IPO for Asia crown jewel

Volkswagen halts tie-up talks with Porsche

Nomura hires for massive U.S. equity push

Cubs’ offer won’t be voted on next week: sources

Babcock & Brown infrastructure fund gets acquired

China pension fund plans foreign PE deals: sources

China government OKs Minmetals’ OZ Minerals deal

Daiwa SMBC to buy unit of Britain’s Close Brothers

Whitehaven says to drop merger deal with Gloucester

Metro to present Karstadt deal outline: sources

And in Europe’s morning papers:

* Hedge fund manager Noam Gottesman, co-chief executive of GLG Partners Inc (GLG.N), plans to move to New York from London to build up the fund’s U.S. assets, the Daily Telegraph said.

* Alan Miller, former fund manager at New Star, plans to launch two new funds in a joint venture with Alexander Spencer Churchill, the Daily Telegraph said.