Money Matters - Simplified

Mergers & Acquisitions

PetroChina acquires 45.5 percent stake in SPC

Beijing, May 25: Asia's largest oil and gas producer, PetroChina Company Limited (SEHK: 0857, SSE: 601857, NYSE: PTR) has agreed to acquire a 45.5 percent stake in the Singapore Petroleum Company Limited (SGX: S99) for a sum of $1.47 billion.

Citic Bank to acquire stake in CIFH

Beijing, May 11: In an endeavor to branch out outside the mainland, China Citic Bank Co (SEHK: 0998; SSE: 601998) will pay parent China Citic Group HK$13.6 billion or U.S$1.8 billion to be in command of a Hong Kong banking affiliate.

AT&T to acquire some Alltel assets from Verizon

New York, May 10: U.S. telecommunications giant AT&T (NYSE: T) confirmed that it is acquiring some assets of arc rival Verizon Wireless (NYSE: VZ) as part of the regulatory approvals granted to the latter for its purchase of Alltel Wireless.

VW and Porsche likely to merge

Stuttgart, Germany, May 7: After a bumpy and belligerent ride spanning four years of corporate deal making, Porsche AG (Xetra: PAH3; FWB: PAH3) and Volkswagen (FWB: VOW; TYO: 7659) appear to be motoring along nicely towards their marriage.

Apple to acquire Twitter?

San Francisco, May 5: Grapewine has it that Apple Inc. is in acquisition talks with Twitter for about $700 million.

Walt Disney buys 27 % stake in Hulu

Los Angeles, May 1: With Walt Disney Co (NYSE: DIS) acquiring a 27 percent stake in the popular video site Hulu.com, Disney movies and ABC TV shows will be available on the internet. With this acquisition, Disney joins NBC Universal, News Corp (NASDAQ: NWSA, ASX: NWS, LSE: NCRA) and Providence Equity Partners as investors in the Los Angeles, California based Hulu.

Hollywood Reporter headed to China

LOS ANGELES, April 28 -- The Hollywood Reporter says it has signed a licensing partnership with China's government-owned entertainment trade magazine, Zong Yi.

This is the first licensing deal between a major Chinese government-owned media organization and Nielsen Business Media. Through the licensing agreement, the State Administration of Radio, Television and Film-run trade magazine will become the exclusive carrier of The Hollywood Reporter's entertainment content in the B2B print market in mainland China.

Fiat ready to approach GM

TURIN, Italy, April 24 -- Fiat is expected to sign a letter of intent to buy most of General Motors Corp.'s European subsidiaries Opel and Vauxhall, sources told Der Spiegel.

The German magazine reported Friday that the Italian automaker's chief executive officer Sergio Marchionne, was expected to forward an offer for a majority stake in the companies.

Opel and Vauxhall sell 1.5 million vehicles a year. Fiat, which includes Alfa Romeo and Lancia brands, sells 2.2 million cars a year.

GM, once the largest carmaker in the world, is on the verge of bankruptcy and trying to cut expenses to qualify for continued federal aid in the United States.

Tibco CEO Tells All About the Oracle-Sun Buyout

When Oracle (Nasdaq: ORCL) and Sun Microsystems (Nasdaq: JAVA) unite, you know that things are changing in the enterprise software business. That's why I'm excited to report on the view from inside that industry.

Taking over bottlers: Will Coke follow Pepsi?

New York, April 21: PepsiCo Inc.'s (NYSE: PEP) $6 billion bid to takeover two of its largest bottlers is likely to invoke a similar move by arc rival Coca-Cola Co. (NYSE: KO).