Thursday Papers: Carphone Warehouse in distribution venture with Best Buy -- bid news and gossip

* Best Buy of the US and Carphone Warehouse are to establish a joint venture to sell consumer electronics goods in Europe

* Gibbs and Dandy agrees 425p-a-share offer from Saint Gobain

* Robert Tchenguiz raises stake in Mitchells & Butlers to almost 27%

* BHP Billiton chief says group could sell $50 billion assets if it captures Rio Tinto

* Iberdrola of Spain puts finishing touches to British Energy bid

* BAE Systems and VT Group renew terms for Navy joint venture

* Charcol asks founders for fresh funds as credit squeeze hits brokers

* Cerberus Capital Management and China's CIC sovereign wealth fund discuss co-operation

* Marsh & McLennan may sell parts of Kroll after big writedown

* News Corp no longer in active talks to divest MySpace

* Enterprise Inns says it could become a Real Estate Investment Trust if it undergoes internal restructuring; analysis to take several months

* Punch Taverns continues to consider opportunities from a Real Estate Investment company

* Microsoft bankers reportedly contacted Facebook about buying the company

* Clearwire and Sprint Nextel to form $14.55 billion wireless company

* Flextronics completes acquisition of CEAG's Friwo mobile power business

* Virotec agrees £38.7 million, 14.5p-a-share, bid from Hydrodec

* Karl Watkin has no current intention of making an offer for D1 Oils; considering options

* Emed Mining raises £10 million in oversubscribed placing at 20p

* Cablevision buys Sundance Channel for $500 million

* Cadbury completes demerger of America's beverages business to Dr Pepper