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Friday, March 29, 2013

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03/29/2013
Reuters Election 2012 Daily round-up of the day's top news from the campaign trail, the White House and all the politics in between
Japan's NEC in talks to sell mobile phone unit to Lenovo: source
TOKYO (Reuters) - Japan's NEC Corp is in talks to sell its struggling mobile phone unit to its personal computer venture partner Lenovo Group Ltd, a source familiar with the discussions said, confirming media reports of the negotiations.
ISS may force sweeter MetroPCS/T-Mobile merger
NEW YORK/FRANKFURT (Reuters) - Deutsche Telekom AG will likely be forced to sweeten the terms of its deal with MetroPCS Communications Inc after proxy advisory firm ISS recommended that shareholders vote against the proposed transaction, according to analysts.
Exclusive: Indonesia's CT Corp proposes all-cash deal for Bakrie's media unit
TANJUNG BENOA, Indonesia (Reuters) - Indonesia's fifth-richest man has proposed to buy a controlling stake in PT Visi Media Asia, valued at up to $1.8 billion, in an all-cash deal that would give him the lion's share of the TV advertising market in Southeast Asia's biggest economy.
Clearwire taps Sprint funds, boosting deal prospects
(Reuters) - Wireless service provider Clearwire Corp said it would draw on $80 million in financing from Sprint Nextel Corp , which is seeking to buy it, reducing the chances for rival bidder Dish Network Corp .
Gibson Guitar to buy TEAC, add "Cool Japan" engineering technology
TOKYO (Reuters) - Gibson Guitar , known for producing electric guitars used legendary rock guitarists such as Jimmy Page and Jeff Beck, said on Friday that it was buying a majority share in Japanese audio equipment manufacturer TEAC Corp for 4.88 billion yen ($51.9 million).
Amazon plans to buy social network for book fans
(Reuters) - Amazon.com Inc said on Thursday it plans to acquire the book recommendation website, Goodreads.
BP to go ahead with $500 million Shetlands investment
LONDON (Reuters) - British oil group BP is pressing ahead with a $500 million-plus investment in the Shetland Islands, a shot in the arm for the government's efforts to revive the North Sea oil industry to help kickstart a flagging economy.
Glass Lewis urges MetroPCS holders vote down T-Mobile USA deal
NEW YORK (Reuters) - Proxy advisor Glass Lewis on Friday became the second firm to tell MetroPCS Communications Inc shareholders to vote against its proposed merger with T-Mobile USA, adding pressure on Deutsche Telekom AG to offer a sweeter deal.
Global IPOs rise on stock market rebound, private equity exits
(Reuters) - Global equity fundraising rose 24 percent in the first quarter from a year ago, as strong markets and easing concerns about the economy encouraged more companies to raise capital through initial public offerings and other capital market transactions.
Russian bidders offer up to $4.25 billion for Tele2 assets
MOSCOW (Reuters) - Russian mobile companies MTS and Vimpelcom Ltd joined the bidders for Tele2 AB's Russian unit on Thursday, rivaling a proposal by billionaire Mikhail Fridman's A1 investment group and an agreed deal with VTB Bank OAO .
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