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Comcast takes $150M stake in set-top box maker
2013-01-15 18:21:39| CNET News.com
The largest cable provider in the U.S. has signed a deal to pay out $150 million for a slice of set-top box maker Arris. [Read more]
UK: PPR acquires majority stake in Christopher Kane
2013-01-15 12:45:00| Daily apparel & textile news and comment - from just-style.com
PPR has acquired a 51% stake in luxury designer brand Christopher Kane in order to help develop the business.
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Softbank seeks to sell 67% stake in eAccess
2013-01-14 02:14:00| Telecompaper Headlines
(Telecompaper) Japanese communications provider Softbank is in talks with eleven companies to sell a 67 percent stake in its new subsidiary eAccess. Softbank acquired eAccess recently through a share swap and is now in negotiations to sell a roughly 6 percent stake each to eleven companies to reduce its stake to around 33 percent, the Nikkei reports. Buyers are thought to include Samsung Electronics, LM Ericsson, Nokia Siemens Networks, and Orix. Softbank is selling the eAccess interest to facilitate smoother upgrades of the telecommunications network through stronger ties with equipment vendors and to skirt the policy in Japan that limits spectrum allocations to companies with ownership in subsidiaries of over one third of shares. To prevent any impact on its US operations, Softbank is not selling stakes to Chinese vendors.
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Citic to buy 79% stake in CTM for USD 1.16 bln
2013-01-14 01:56:00| Telecompaper Headlines
(Telecompaper) Hong-Kong based telecommunication service provider Citic Telecom has signed two sale and purchase agreements with Cable & Wireless Communications and Portugal Telecom to acquire their interests in Macau operator CTM. Citic will buy Cable & Wireless' entire 51 percent stake for USD 749.7 million and a 28 percent interest from Portugal Telecom for USD 411.6 million. The two acquisitions are conditional upon each other. Citic Telecom currently holds a 20 percent interest in CTM, and after the transactions are completed, the company will have a 99 percent holding in CTM, which will then become a subsidiary of Citic Telecom.
Saudi Printing & Packaging buys majority stake in ENPI Group
2013-01-14 01:00:00| Packaging Gateway
Saudi Printing & Packaging (SPPC) has acquired independent Shari'ah compliant investment bank Qatar First Investment Bank's (QFIB) 71.3% stake in Emirates National Factory of Plastic Industries (ENPI Group).
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