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Brazilian billionaire sells up
2013-07-05 10:34:17| BBC News | Business | UK Edition
Brazilian billionaire Eike Batista begins a major reorganisation of his commodities-based business empire to avoid bankruptcy.
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brazilian
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Telecom Italia sells MTV Italia stake to Viacom
2013-07-04 11:02:00| Telecompaper Headlines
(Telecompaper) Telecom Italia Media announced an agreement to sell its 51 percent stake in MTV Italia to Viacom International Media Networks, giving the US company full control of the Italian music channel. Telecom Italia will receive EUR 10 million for its stake and agreed to waive a EUR 9.7 million loan to MTV Italia. The parties also agreed to a multi-year renewal of a contract with Telecom Italia Media's broadcasting services arm for transmission capacity and services. Subject to regulatory approval, the deal is expected to close by the end of September. The sale follows TI Media's earlier divestment of the La7 TV channel, as part of efforts to reduce its debt and improve profitability. After disposing of the MTV stake, its only remaining activity is Telecom Italia Media Broadcasting, a DTT broadcast services provider.
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Telecom Italia Media sells MTV Italia
2013-07-04 02:00:00| Total Telecom industry news
Sale of music channel to Viacom expected to close by end of September.
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italia
telecom
mtv
Chesapeake Sells $1 Billion Assets To EXCO
2013-07-03 16:50:00| OGI
The transaction brings Chesapeakes year-to-date asset sales signed or closed to US $3.6 billion.
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chesapeake
Steelcase heir sells off $5.8 million of company stock
2013-07-03 05:25:40| Furniture - Topix.net
William Crawford, whose grandfather co-founded Steelcase, sold off nearly $5.8 million worth of company stock in the past three months.
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stock
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