A man carries a cardboard with a picture of a mobile phone inside a hall of the upcoming CeBIT fair in Hanover March 2, 2009. REUTERS/Hannibal Hanschke (GERMANY)

Portugal Telecom <PTC.LS> and Spanish firm Telefonica <TEF.MC> have both agreed to sell their 32.2 percent stakes in Moroccan telecoms firm Meditel to local investors in a deal likely to be closed by the end of the year

Reports suggest that online telephony firm Skype is set to be sold to private investors by its current owner eBay, with further details likely to be announced today. Sources indicated to the New York Times that co-founder of Netscape, Marc Andreessen is among the group of investors.

For the latest news from Reuters on mergers and acquisitions click here.

Here are some of the stories reported in today’s press (some external websites may require subscriptions):

* Belgian bancassurer KBC <KBC.BR> may sell its Polish insurer Warta, which it values at 1 billion zlotys ($348.4 million), Polish daily Parkiet reported without naming its sources.

* State-owned China Development Bank has set up an investment arm with 35 billion yuan ($5.1 billion) in registered capital which will focus on private equity deals, the official Financial News reported on Tuesday.