May 28, 2015 / 4:47 AM / 2 years ago

PRESS DIGEST - Wall Street Journal - May 28

May 28 (Reuters) - The following are the top stories in the Wall Street Journal. Reuters has not verified these stories and does not vouch for their accuracy.

* Chip maker Broadcom Corp is in advanced talks to be bought by rival Avago Technologies Ltd in a deal worth more than $35 billion, the latest in a recent string of mergers in the semiconductor industry.(on.wsj.com/1KAcYxm)

* Prosecutors alleged that senior officials of FIFA got more than $150 million in bribes and kickbacks as part of a sprawling scheme that functioned like a criminal enterprise. (on.wsj.com/1exFS3Q)

* ABC and Twenty First Century Fox Inc have sharply increased the number of shows they own for next fall's TV season to better wring dollars from reruns, VOD, and streaming. Networks no longer want to rely on just revenue from ads. (on.wsj.com/1Av8Ifh)

* Several private-equity firms such as KKR & Co, Apollo Global Management LLC and Ares Management LP are vying to buy General Electric Co's unit that funds leveraged buyouts, in a sale process that could fetch more than $17 billion for GE. (on.wsj.com/1PNCbrs)

* Samsung Electronics Co Ltd's maneuvers to increase heir apparent Jay Y. Lee's stake in Samsung Electronics illustrate issues that critics say continue to plague South Korea. (on.wsj.com/1BqaGZp)

Compiled by Rishika Sadam in Bengaluru

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below