Deals Today

	Click to View in Browser 07/23/2013 Vivendi kicks off wider revamp with Maroc sale deal PARIS/DUBAI (Reuters) - Vivendi SA's long-flagged deal to sell its controlling stake in Maroc Telecom to Abu Dhabi-based Etisalat is just the first step in the French conglomerate's bet that it can remake itself as a media-focused company. Diageo buys remainder of Chinese distiller LONDON (Reuters) - Global drinks firm Diageo on Tuesday said it had received approval from Chinese authorities to become the sole shareholder in Sichuan Chengdu Shuijingfang Group Company (SJF Holdco), the owner of white spirits company ShuiJingFang . KPN's 8 billion euros deal with Telefonica tests Europe antitrust stance BRUSSELS/MADRID (Reuters) - Dutch telecoms group KPN will sell its German unit to Telefonica Deutschland for some 8.1 billion euros ($11 billion) in cash and shares, in a long-awaited deal that will test regulators' views in Europe's largest mobile market. Thailand's True Corp to slash debt with $2.3 billion infrastructure fund IPO BANGKOK (Reuters) - Thai telecommunications group True Corp Pcl said it aims to raise at least $2.25 billion by listing an infrastructure fund to help pay down debt, in what would be Asia-Pacific's biggest initial public offering so far this year. Third Point to sell most of Yahoo stake, Loeb to quit board SAN FRANCISCO (Reuters) - Activist hedge fund Third Point LLC reached an agreement to sell two-thirds of its stake in Yahoo Inc back to the company, pocketing a tidy profit and relinquishing three seats on the board of a company trying to effect a tricky turnaround. PacWest Bancorp to buy CapitalSource for $2.29 billion (Reuters) - Bank holding company PacWest Bancorp said it will buy commercial bank CapitalSource Inc for about $2.29 billion in cash and stock to expand its presence in southern California. Spartan Stores to buy Nash Finch in military store play (Reuters) - Grocery distributor Spartan Stores Inc will acquire Nash Finch Co to become the largest food supplier to U.S. military stores and expand beyond its midwestern stronghold. Google to fund Taiwanese display maker to push Google Glass (Reuters) - Google Inc took another step toward a commercial version of its Google Glass eyewear by acquiring a small stake in a unit of Taiwanese chipmaker Himax Technologies Inc that develops tiny displays. GSK drops scheme to raise stake in Nigerian unit LONDON (Reuters) - GlaxoSmithKline has dropped a scheme to increase its stake in GSK Consumer Nigeria , its consumer healthcare business in the country, following opposition from minority shareholders. Chinese carmaker Geely targets Russian sales push with Belarus venture MOSCOW (Reuters) - Chinese carmaker Geely will launch production in Belarus as part of a push to increase sales overseas, supplying the local market as well as Russia and Ukraine. Related Video A (royal) billion dollar baby Reuters Today: China to defy law of gravity, markets like it Related News Obama aims to change topic, seize initiative in fiscal fights Business groups push U.S. Congress to prevent import tax hike A daily digest of breaking business news, coverage of the US economy, major corporate news and the financial markets. Register Today   The latest Reuters articles on M&A, IPOs, private equity, hedge funds and regulatory updates delivered to your inbox each day. Register Today   » MORE NEWSLETTERS - 3 Times Square New York, NY 10036 USA © Copyright 2010 Thomson Reuters Ensure delivery of Reuters Newsmails, add mail@nl.reuters.com to your address book. Details Subscribe to other Reuters newsletters. Unsubscribe from this newsletter. Follow us on Twitter Friend us on Facebook Forward to a friend