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Friday, May 24, 2013

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05/24/2013
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
Exclusive: Malaysia tycoon plans IPO of football club Cardiff City - sources
KUALA LUMPUR (Reuters) - Malaysian billionaire Vincent Tan is exploring an IPO of British soccer team Cardiff City for as early as this year, people with knowledge of the matter told Reuters, in a deal that would follow the team's recent promotion to the Premier League.
Dai-ichi expands in Southeast Asia with Panin Life deal: source
TOKYO (Reuters) - Japan's Dai-ichi Life Insurance Co Ltd has agreed to buy a 40 percent stake in Panin Life from the parent of the Indonesian insurer for around 30 billion yen ($295 million), a source with direct knowledge of the matter said.
Icahn seeks up to $7 billion for Dell bid
NEW YORK (Reuters) - Activist investor Carl Icahn and Southeastern Asset Management Inc have initiated talks with banks and asset managers to line up commitments for as much as $7 billion in bridge loans to back their leveraged recapitalization proposal for Dell Inc, banking sources told Thomson Reuters LPC on Thursday.
Google, like Facebook, in talks to buy Waze for about $1 billion: report
(Reuters) - Google Inc is considering buying Israeli mobile satellite navigation start-up Waze Inc, which may lead to a bidding war with Facebook Inc, Bloomberg news reported, citing people familiar with the matter.
Sprint, SoftBank complete U.S. state regulatory review process
NEW YORK (Reuters) - Sprint Nextel and SoftBank Corp said on Thursday they had received all necessary state regulatory approvals for the Japanese company's proposed $20.1 billion purchase of 70 percent of Sprint.
Caixabank to sell stake in Carlos Slim's Inbursa
MADRID (Reuters) - Spain's Caixabank may sell around 10 percent of Grupo Financiero Inbursa , a Mexican bank controlled by tycoon Carlos Slim, in response to renewed pressure to shed investments and bulk up capital.
Elan rejects Royalty's $6.4 billion raised offer
DUBLIN (Reuters) - Elan rejected Royalty Pharma's increased $6.4 billion bid on Thursday, shortly after the U.S. firm cut the acceptance bar for its latest offer to 50 percent plus one share.
Hulu video site auction attracts four bidders: sources
LOS ANGELES (Reuters) - Former News Corp president Peter Chernin and private equity fund Guggenheim Digital Media have placed bids for Hulu, two people with knowledge of the matter told Reuters, triggering a tug-of-war for the online video service.
Apax Partners to take rue21 private in $1.1 billion deal
(Reuters) - Private equity firm Apax Partners LLP has agreed to acquire rue21 Inc for about $1.1 billion, attracted by the teen-apparel retailer's growth and cash flow and keen to add to a retail portfolio that includes Cole Haan and Takko Fashion.
General Electric considering IPO for finance business - CEO
(Reuters) - General Electric Co is considering spinning off parts of its financial arm, GE Capital, through an initial public offering as part of its plan to reduce the size of the business, Chief Executive Jeffrey Immelt said.
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