“A group of investors led by private- equity firm Silver Lake offered to buy a minority stake in Yahoo! Inc. for about $16.60 a share,” Bloomberg reports.
AT&T will struggle to find buyers for any asset sale big enough to salvage its $39 billion deal to buy T-Mobile USA, with most likely buyers Leap Wireless and MetroPCS Communications lacking the cash, writes Sinead Carew.
Glencore is in talks with Spanish refiner Cepsa on a merger of oil operations that would be a first major step towards transforming the commodity trader’s energy division into a vertically integrated oil company, industry sources said.
Canada’s competition regulator has dealt a sharp blow to a C$3.8 billion proposal to take over TMX Group, voicing “serious concerns” about a deal that would bring most of the country’s financial exchanges under one roof.
“Facebook has strong incentives to go public next year. But it may end up with an offering at a less-than-opportune time or a valuation of less than $100 billion. Facebook’s own choices have left it without full room to maneuver,” writes The Deal Professor.