The California energy company says that the Asia Pacific region remains a core strategic focus and that the announcement Friday does not change its commitment to its massive Gorgon and Wheatstone liquefied natural gas projects there.» Read More
TOKYO/ NEW YORK, Oct 2- Japan's SoftBank Corp said on Thursday it is taking a minority stake in privately-held Legendary Entertainment for $250 million and will form a joint venture with the Hollywood movie studio. Investing in Legendary would give SoftBank access to Hollywood films and television shows and would also broaden the reach of the Japanese company...
NEW YORK, Oct 2- Japan's Softbank Corp will take a minority stake in privately-held Legendary Pictures and the two companies will set up a joint venture, people familiar with the matter said on Thursday. An announcement of the details could come as soon as Thursday, the people said, asking not to be named because the matter is not public. Softbank had been in talks on...
Sears Holdings, which holds a 51 percent stake in its beleaguered Canadian unit, will sell 40 million shares of Sears Canada, leaving it with a stake of about 12 percent. Sears Holdings put its stake in Sears Canada on the block in May as a part of the Illinois- based company's efforts to turn around its business after years of declining sales. Shareholders of Sears...
Oct 2- Sears Holdings Corp said it would sell most of its stake in Sears Canada Inc through a rights issue that would raise up to $380 million ahead of the holiday season. Sears Holdings held a 51 percent stake in its Canadian unit as of March 13. Sears Holdings will sell 40 million shares of Sears Canada, after which its stake would fall to about 12 percent, or around 12...
BOSTON, Sept 30- Third Point LLC, the hedge fund run by Daniel Loeb that is known for pushing companies to perform better, has taken a "significant" stake in eBay Inc and has had discussions with its chief executive officer, a source familiar with the matter said on Tuesday.
TOKYO, Sept 30- Japan's SoftBank Corp has been in talks to take a minority stake in privately held movie studio Legendary Pictures, entertainment trade publication The Hollywood Reporter reported on Tuesday. The talks have been on a separate track from SoftBank's negotiations with DreamWorks Animation, The Hollywood Reporter said.
CNBC's David Faber reports Family Dollar has rejected Dollar General's revised buyout bid over antitrust issues.
French rivals LVMH and Hermès are celebrating a truce and putting an end to takeover speculation. Hermès shareholders may not be so thrilled.
Shares of Coca-Cola are spiking. CNBC's Becky Quick provides insight to Warren Buffett denying money manager David Winters' reported comments speculating that Coca-Cola could be taken private.
21st Century Fox said on Thursday it would sell its 47 percent stake in Star China TV to the TV channel operator's management and private equity fund China Media Capital.
BlackBerry on Monday moved to oust CEO Thorsten Heins and jettisoned a buyout by Fairfax Financial in one fell swoop.
In an exclusive interview, CNBC's Maria Bartiromo talks with Michael Dell, Dell chairman & CEO, about his long, drawn out buyout battle to take his company private and how he plans to turnaround the PC maker. (Note: During this interview, Mr. Dell misspoke when he said the company had generated $22 billion in cash flow in the last 5 quarters. He meant to say years, according to the company.)
CNBC's Jackie DeAngelis reports a majority of Dell's shareholders voted to approve Michael Dell's plans to take the tech giant private.
CNBC's David Faber reports preliminary results show Dell shareholders are in favor of a buyout by a margin of 65% to 35%.
In a $130 billion cash and stock deal, Verizon will buy out Vodafone's 45 percent stake in the wireless carrier. CNBC's Kayla Tausche reports many investors view the deal as a positive sign for the companies, but that "it's not a done deal."
The court has denied Carl Icahn's push to fast track the lawsuit against the Dell buyout, with CNBC's Jackie DeAngelis.
Jonathan Geller, BGR.com editor-in-chief, discusses what's troubling the smartphone maker and why the company is likely shopping around for a potential buyout. Geller also provides his thoughts on what Apple's new iPhone might include when it debuts next month.
Dan Primack, Fortune Magazine, has the update on private equity deals and the surge in public offerings, including rumors BlackBerry wants to go private and Amazon's Bezos buying the Washington Post newspaper.
James Woolery, Cadwalader, Wickersham & Taft, and David Blitzer, S&P 500 Index committee chairman, have the latest corporate buzz on pending M&A action and the outlook on the market.
CNBC's Jackie DeAngelis reports the latest details on the agreement reached between Dell's special committee and Michael Dell & Silver Lake Partners.