Deals

Exclusive: Malaysia tycoon plans IPO of football club Cardiff City - sources

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KUALA LUMPUR - 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.

Etisalat makes top bid for Vivendi's Maroc Tel: sources 10:00am EDT

PARIS/LONDON - Gulf telecom operator Etisalat has offered a higher price for Vivendi's Maroc Telecom stake than rival Qatari bidder Ooredoo , according to two people familiar with the matter.

Dai-ichi expands in Southeast Asia with Panin Life deal: source 7:10am EDT

TOKYO - 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.

Bankia nears sale of Florida bank for $900 million: source 8:01am EDT

MADRID - Spanish nationalized lender Bankia is close to completing the sale of City National Bank of Florida for about $900 million, a banking source involved in the negotiations said.

Kyobo Life bids for ING's South Korean insurance business 7:59am EDT

SEOUL/HONG KONG - Kyobo Life Insurance, South Korea's third-largest insurer, said on Friday it had made a bid for a controlling stake in ING's South Korean insurance unit, breathing new life into a delayed deal previously valued at roughly $2 billion.

Icahn seeks up to $7 billion for Dell bid 23 May 2013

NEW YORK - 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 23 May 2013

- 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 23 May 2013

NEW YORK - 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 23 May 2013

MADRID - 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 23 May 2013

DUBLIN - 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.