Blackstone suffered a setback when travel services provider Travelport, which it owns, pulled its $1.8 billion IPO. Travelport blamed volatile markets, but it had earlier tweaked a bonus scheme for management that investors said was overly lavish. A last-minute cut in the price range didn’t help either. Is the IPO window in Europe closing before it even opened?

Things are looking better in Asia, where AIG has made the long-awaited choice of underwriters for the listing of its Asian life insurance unit, according to our sources. The share sale could raise more than $10 billion. Elsewhere, Korea Life Insurance Co Ltd plans to raise up to $2 billion in an IPO.

For these and all other stories about deals, please click here.

And elsewhere in media (some links may require subscription rights):

Motorola Inc may spin off its TV set-top box and cellphone businesses into a publicly traded company, and sell its wireless network equipment unit, says the Wall Street Journal.

Hungarian energy group MOL is talking to Russian oil firm Surgut about buying back Surgut’s 21 percent stake in MOL for 1.4 billion euros ($1.9 billion), the Vedomosti business daily says.

Kingfisher Airlines Ltd is likely to come out with a rights issue offering shareholders one equity share for every one they hold to raise nearly 4 billion rupees ($141 million), according to the Economic Times.