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Acquisitions

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  • SAN FRANCISCO, Oct 24- Online music service Deezer is acquiring radio and podcasting app Stitcher, adding a vast catalog of talk radio programs that the company hopes will make it stand out in a crowded streaming music market. Deezer said the acquisition will give it access to roughly 35,000 radio shows and podcasts, including popular talk radio programs such as...

  • SINGAPORE, Oct 24- Singapore sovereign wealth fund GIC has bought a 5 percent stake in IMS Health Holdings, a U.S.-listed technology firm servicing the healthcare sector, for an undisclosed amount, according to a regulatory filing. GIC Private Ltd bought common stock of IMS Health earlier this month, according to a Securities and Exchange Commission filing on...

  • Oct 23- Cable TV network AMC Networks Inc said on Thursday it agreed to pay $200 million for a 49.9 percent stake in BBC America and would take operational control of the channel. AMC Networks, the home of "The Walking Dead," "Mad Men" and "Breaking Bad," will have operational control of BBC America, including affiliate and advertising sales. BBC America will be managed as a...

  • AMC enters joint venture to operate BBC America Thursday, 23 Oct 2014 | 6:18 PM ET

    NEW YORK— AMC Networks Inc. said Thursday it will pay $200 million to acquire a stake in BBC America. The BBC said in a statement the partnership will help it reach new audiences in the U.S., strengthen BBC America, while creating opportunities for the U.K.' s "creative community. It is not the first agreement between the BBC and AMC, which already worked together on...

  • AMC buys 49.9 pct stake in BBC America Thursday, 23 Oct 2014 | 6:14 PM ET

    Oct 23- Cable TV network AMC Networks Inc said on Thursday it had agreed to buy a 49.9 percent stake BBC America for $200 million and would take operational control of the channel. BBC Worldwide North America will continue as a wholly owned regional business within BBC Worldwide, the commercial arm of the British Broadcasting Corporation.

  • They are also profitable: In the third quarter, BlackRock Inc, the biggest provider of the funds, made $850 million in fees from its iShares ETFs, 30 percent of the $2.8 billion in revenue it reported. Last week, Janus Capital Group announced the acquisition of exchange-traded fund provider VelocityShares and Reuters exclusively reported last week that Goldman...

  • UPDATE 2-Higher advisory fees drive Lazard profit beat Thursday, 23 Oct 2014 | 10:13 AM ET

    Oct 23- Investment bank and asset manager Lazard Ltd reported a better-than-expected quarterly profit as it earned more fees from advising on M&A deals amid a surge in cross-border transactions. German companies were at the forefront of a slew of large cross-border deals in September, such as the $17 billion takeover of U.S.-based Sigma-Aldrich Corp by...

  • Comcast wins more Internet customers, ad sales up Thursday, 23 Oct 2014 | 7:01 AM ET

    NEW YORK— Comcast Corp.' s third-quarter net income jumped 50 percent in the third quarter, helped by a one-time tax settlement, growth in Internet subscribers and fewer defectors from its cable service. Comcast is in the midst of a $45 billion takeover of Time Warner Cable, a deal that is under regulatory review. AT&T Inc. is planning to buy satellite service...

  • They are also profitable: In the third quarter, BlackRock Inc, the biggest provider of the funds, made $850 million in fees from its iShares ETFs, 30 percent of the $2.8 billion in revenue it reported. Last week, Janus Capital Group announced the acquisition of exchange-traded fund provider VelocityShares and Reuters exclusively reported last week that Goldman...

  • Oct 22- A consortium of buyout firms Advent International Corp and Avista Capital Partners is in advanced talks to acquire UCB SA's U.S. generic drugs unit Kremers Urban Pharmaceuticals Inc, according to people familiar with the matter. Advent and Avista have prevailed in an auction for Kremers Urban, which attracted interest from other private equity firms...

  • BGC launches tender offer for GFI shares Wednesday, 22 Oct 2014 | 1:56 PM ET

    NEW YORK— BGC Partners Inc.' s hostile takeover bid for derivatives and currency brokerage firm GFI Group Inc. began Wednesday with the launch of its tender offer. GFI agreed in July to be acquired by CME Group in a $4.55 per-share deal. Shares of New York- based BGC Partners rose 1 percent to $7.57 by early afternoon, amid a modest market dip.

  • BOSTON, Oct 20- Billionaire investor William Ackman, whose fund is the largest shareholder in Allergan Inc., and Valeant Pharmaceuticals said the botox maker's Chief Executive Officer David Pyott tried to discredit Valeant as it was making a hostile takeover bid, court documents showed. Ackman's hedge fund has been working with Valeant for months to craft a...

  • AbbVie: $55B acquisition of Shire officially dead Monday, 20 Oct 2014 | 6:18 PM ET

    AbbVie will pay Shire a $1.64 billion breakup fee for walking away from the deal.

  • AbbVie to pay Shire $1.64B fee over nixed merger Monday, 20 Oct 2014 | 5:49 PM ET

    NORTH CHICAGO, Ill.— AbbVie is walking away from its proposed $55 billion takeover bid of Shire and has agreed to pay the rival drugmaker a $1.64 billion breakup fee. The two companies said Monday that they deal was off following the decision last week by AbbVie's board to withdraw support from the proposed acquisition. North Chicago- based AbbVie had envisioned...

  • Oct 20- U.S. drugmaker AbbVie Inc said on Monday it has reached agreement with Shire Plc to officially call off its proposed $55 billion purchase of the Irish company, and will pay Shire a $1.64 billion breakup fee for walking away from the deal. AbbVie, which last week said its board of directors had withdrawn its recommendation to proceed with the Shire purchase,...

  • GlobalFoundries: No layoffs in IBM chip units Monday, 20 Oct 2014 | 2:17 PM ET

    ALBANY, N.Y.— GlobalFoundries' chief executive said Monday the chip manufacturer plans no shutdowns or layoffs at the IBM semiconductor factories in New York's Hudson Valley and Vermont that it is acquiring. CEO Sanjay Jha told reporters on a conference call that GlobalFoundries will welcome about 5,000 IBM employees, including "800 of the best technologists...

  • Tesoro strikes $2.5B deal with QEP Monday, 20 Oct 2014 | 12:57 PM ET

    Tesoro Logistics LP said Sunday that it will acquire the natural gas gathering and processing business owned by QEP Resources Inc. in a $2.5 billion deal. Tesoro Logistics, based in San Antonio, is a limited partnership formed by Tesoro Corp.. Shares of Tesoro Corp. jumped 6 percent to $64.27 by midday; Tesoro Logistics fell 9 percent to $60.87.

  • WASHINGTON, Oct 20- The top two lawmakers on the Senate's antitrust panel have urged regulators to scrutinize food distributor Sysco Corp's planned purchase of rival U.S. Foods for $3.5 billion. Sysco and U.S. Foods are the only companies with the geographic reach to offer nationwide contracts to deliver a wide variety of goods from napkins to eggs to cleaning...

  • PARIS, Oct 20- European shares dipped in early trading on Monday as the previous session's sharp rebound lost steam, although takeover activity boosted the shares of Nutreco, Adidas and Havas. Shares in Dutch animal feed and nutrition company Nutreco jumped 38 percent after SHV, a privately-held Dutch investment firm, said it had reached a conditional...

  • Yahoo set to outline cost-cutting efforts - WSJ Monday, 20 Oct 2014 | 12:54 AM ET

    Oct 20- Yahoo Inc is expected on Tuesday to outline cost-cutting efforts and give details of how it is evaluating possible acquisitions as it faces pressure from an activist investor, the Wall Street Journal reported, citing a person who was briefed on the plan. Yahoo is considering acquiring one or more large technology startups with some of the $5.8 billion it...