Deals

Etisalat makes top bid for Vivendi's Maroc Tel: sources

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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.

Exclusive: Malaysia tycoon plans IPO of football club Cardiff City - sources 11:39am BST

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.

Royal Mail sounds out market for £1.5 billion IPO loan 3:19pm BST

LONDON - Banks have been asked to gauge by the end of this week the appetite for a 1.5 billion-pound ($2.26 billion) syndicated loan to back the planned privatization of Britain's Royal Mail Group , banking sources said.

Dai-ichi expands in Southeast Asia with Panin Life deal: source 12:10pm BST

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 1:01pm BST

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.

ING's South Korean unit sale attracts three bids after delay 4:57pm BST

SEOUL/HONG KONG - Dutch bank ING has attracted two more bidders for its South Korean insurance business, said a source with direct knowledge of the matter, taking the total number to three and raising the chances of a successful deal after an earlier sale fell through.

Orascom Telecom closer to delisting after stock tender-source 4:01pm BST

CAIRO/MOSCOW - Egypt's Orascom Telecom (OTH) is closer to being delisted, sources said on Friday, after holders of around 10 percent of its stock agreed to be bought out.

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 2:08am BST

- 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.

Deals

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