DealZone

Deals wrap: Streamlining HP

If private equity firms had their way, Hewlett-Packard would look less like a monolithic tanker and more like a small fleet of streamlined schooners, reports Nadia Damouni and Poornima Gupta.

Borse Dubai owns nearly 21 percent of LSE stock and the Qataris hold 15.1 percent, Thomson Reuters data shows, making the investors easily the largest shareholders in the London exchange and key decision-makers in its future.

BYD, the Chinese automaker backed by U.S. billionaire Warren Buffett surged more than 40 percent on its Shenzhen debut, as investors bet on a strong outlook for the company’s fledgling electric cars business.

News Corp secured British government backing for its buyout of BSkyB on Thursday after the minister responsible rejected complaints the move would give Rupert Murdoch too much power and influence.

Online daily deal site LivingSocial is meeting with banks to discuss an initial public offering of about $1 billion, according to a source familiar the situation.

Deals wrap: Battling for TMX

The London Stock Exchange faces a nail-biting fight for Canadian peer TMX Group after aggressive rival bidder Maple trumped its sweetened offer by a whisker overnight. Proxy advisory firm ISS recommends TMX shareholders back the LSE offer.

Hulu has defied early skeptics that old-school media companies could collaborate to create a successful service for a new generation of TV watchers. But joint ventures have a knack for degenerating and an unsolicited approach for Hulu creates a perfect opportunity to find it a better home, writes Breakingviews columnist Jeffrey Goldfarb.

“Hulu LLC may cost potential buyers from Yahoo! Inc. to Amazon.com Inc. as much as 50 times earnings for a chance at owning what may be the next Netflix Inc,” reports Bloomberg.

Deals wrap: Timberland shares jump

VF Corp, owner of clothing brands such as The North Face and Wrangler jeans, said it would buy Timberland for $2 billion. The deal values the shoemaker at $43 a share, a 43 percent premium to Friday’s closing price of $29.99 on the New York Stock Exchange.

For many potential investors Russia is synonymous with corruption, weak rule of law and political risk, its reputation hurt by events such as the jailing of oil tycoon Mikhail Khodorkovsky. Vladimir Putin is trying to turn that image around by telling investors to invest in Russia, and have Russia invest in you.

Maple Group launched a $3.8 billion hostile bid for Toronto Stock Exchange operator TMX Group, an all-Canadian challenge to the London Stock Exchange’s agreed bid.