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