Reuters News

China-based telecom software maker AsiaInfo-Linkage Inc., evaluating an offer from a CITIC Capital unit to take it private, said it will solicit similar proposals from others, Reuters wrote Monday. AsiaInfo received an offer from Power Joy Ltd., a unit of CITIC Capital, in January to acquire all of its outstanding shares. Financial details of the […]

Energy management company Comverge Inc., which has been exploring strategic alternatives for over a year, said it will be taken private by H.I.G. Capital in a $49 million cash deal. The $1.75 per share offer price is a 7% discount to Comverge’s Friday close of $1.88. (Reuters) – Energy management company Comverge Inc , which […]

Marvell Technology Group said it recommended shareholders reject a mini-tender offer by TRC Capital to purchase up to 6 million of the chipmaker’s shares. TRC Capital intends to buy about 1% of Marvell at $15 per share. Marvell shares were up 1% at $16.01 in premarket trade on Monday, after closing at $15.84 on Friday […]

PE firm Permira is getting ready to unload its frozen foods unit, Reuters reports.

Birds Eye Iglo, the frozen foods business bought out of Unilever by the private equity group Permira, is joining the shopping trolley of food assets up for sale, the Financial Times reported on Monday. A sale is expected to raise approaching 3 billion euros, according to the article. (Reuters) – Birds Eye Iglo, the frozen […]

Facebook--which has had a history of irking privacy advocates--goes to bat for its users with their pesky bosses.

Sealy Corp. defended on Friday private equity firm KKR & Co., its largest shareholder, against a hedge fund’s allegations of mismanagement and conflicts of interest that have led to the mattress maker losing 90% of its market value, Reuters wrote Friday. In a letter to Sealy earlier this month, H Partners Management, which has a […]

Formula One's potential IPO would add to an already-robust pipeline of offerings... but will it list in Singapore?

Time Warner Cable and Fox continue their pursuit of the Los Angeles Dodgers, underscoring the growing value of exclusive pro sports content to entertainment companies.

A new venture capital fund formed by France Telecom-Orange and advertising firm Publicis has made its first investment in myThings, an Israeli online advertising technology firm, writes Reuters. The Orange-Publicis fund led a $15 million investment that included existing investors Carmel Ventures, Accel Partners and T-Venture, the investment arm of Deutsche Telekom, according to Reuters. […]