Friday Papers: J&J to take a £600mln minority stake in Elan -- bid news and gossip

* Johnson & Johnson to take a £600 million minority stake in Elan Corp

* Independent F&C Asset management now free to seek targets

* Deutsche Telekom seeks asset swap deal for T-Mobile UK

* Lone Pine Capital, the US hedge fund, acquires over 3% stake in Autonomy

* Dominos Pizza acquires Dresdner Kleinwort Leasing

* ESPN and BSkyB are set to launch a joint bid to screen the Scottish Premier League

* Michael Own on verge of moving to Manchester United

* China oil companies eye Repsol YPF assets

* Microsoft and Facebook step up effort to counter rise of Twitter

* Mitchells & Butlers seeks to fend off investor rebellion

* Exelon sets out 'final' bid for NRC