DealZone

Deals wrap: Ghana oil fields targeted

China’s top offshore oil company CNOOC has made a joint $5 billion bid with Ghana National Petroleum Corp for Kosmos Energy’s assets, a source close to the deal told Reuters. Kosmos is prized for its stake in Jubilee, one of the largest oil discoveries in the world in recent years.

Previously a $4 billion bid by Exxon Mobile for Kosmos failed because it was unable to secure Ghanaian government support. GNPC sources have told Reuters since last year that it had been talking to CNOOC about a possible bid. *View article

FT’s Alphaville blog breaks down the ramifications of Barclays losing its court battle with Lehman Brothers over its purchase of Lehman’s brokerage unit in bankruptcy proceedings in 2008. A loss could cost Barclays as much as $10 billion. *View article

Healthcare real-estate investment company Ventas Inc is looking to corner the U.S. senior housing market by announcing it intends to buy the real-estate assets of Atria Senior Living Group for about $1.5 billion. *View article

Iconic investor Warren Buffett, aka The Oracle of Omaha, makes $15 per second according to the WSJ’s Deal Journal. *View article

Deals wrap: Oil sensitivities

A security officer keeps watch outside the headquarters of China National Offshore Oil Corp (CNOOC), China's top offshore oil producer, in Beijing in this February 19, 2008 file picture.   REUTERS/Claro Cortes IV/Files    CNOOC agreed to pay $1.1 billion for a stake in a U.S. shale oil and gas field, testing the U.S. political climate with a deal for assets once deemed off limits to the Chinese due to protectionist sentiment. *View article *View factbox on China M&A activity

Rival bids for Potash look unwieldy, analysts say, which leaves Potash alone to defend itself from BHP’s $39 billion offer. *View article *View timeline

The private equity industry is bouncing back and has a strong presence in UK mergers and acquisitions, according to the FT. *View article

Ghana, Ghana, Gone to Exxon

Sources tell us that oil behemoth Exxon Mobil won the bidding in an auction for Kosmos Energy’s stake in the Jubilee field in Ghana, one of the biggest oil discoveries in recent years. Analysts have said the stake could be worth up to $5 billion.

Private equity-backed Kosmos put its interests in the multibillion-barrel field, which it co-owns with Irish oil explorer Tullow Oil and Houston-based Anadarko Petroleum, on the market earlier this year.

Huge interest in the stake was reported. India’s ONGC, China’s CNOOC and even Ghana’s own National Petroleum Corp all expressed interest at some point over the summer. Other corporate interests thought to be bidding included BP, Shell Oil and ENI SpA.

Deals du Jour

TMT is heating up. Vodafone, the British mobile phone operator, is pondering a bid for T-Mobile UK, while Microsoft has hired Morgan Stanley to sell its digital agency Razorfish. Both stories are in the Financial Times. Private equity group Candover says it has ended talks with potential acquirers, confident it can meet debt covenants. For all Reuters Deals news, click here.

And here’s what other media are writing today.

* Anglo American (AAL.L) is building its defences against a 41 billion pound ($67.74 billion) merger approach from Xstrata (XTA.L) by plotting talks about a major Chinese investment, the Sunday Telegraph reported.

* Switzerland’s UBS (UBSN.VX) is to pay 3 to 5 billion Swiss francs ($2.77-$4.62 billion) in the next two weeks to settle a U.S. tax probe into the bank, Swiss newspaper Sonntag reported on Sunday.