Newsletter BOX: Deals Today

08/30/2013

Reuters Election 2012 Daily round-up of the day's top news from the campaign trail, the White House and all the politics in between

America Movil says ready to abandon KPN bid

BRUSSELS (Reuters) - Mexican telecoms group America Movil said it remained committed to its 7.2-billion-euro ($9.5 billion) bid for Dutch group KPN but would abandon it if a foundation prepared to block the deal did not change its stance.

L'Oreal says has means to buy Nestle's stake

PARIS (Reuters) - French cosmetics giant L'Oreal has the resources to buy back the 23 billion euro ($30 billion) stake Nestle holds in it, the company's boss said on Friday, though he steered clear of pledging such a move.

Verizon in talks to buy out Vodafone stake: sources

LONDON/NEW YORK (Reuters) - Verizon Communications is close to buying the remaining stake in Verizon Wireless from Vodafone Group PLC it does not own for potentially $130 billion, according to people familiar with the talks, in what could be the third-biggest deal of all time.

AT&T eyes Vodafone post Verizon deal: report

(Reuters) - AT&T Inc will examine Vodafone Group Plc's remaining assets after Verizon Communications buys out the British mobile carrier's stake in Verizon Wireless, Bloomberg reported, citing people familiar with the matter.

Radio broadcaster Cumulus Media to buy Dial Global for $260 million: WSJ

(Reuters) - Radio broadcaster Cumulus Media Inc is set to buy content producer Dial Global Inc for about $260 million in cash, the Wall Street Journal reported, citing people familiar with the matter.

Apache sells Egyptian oil stake to Sinopec for $3.1 billion, forms global JV

BANGALORE/HONG KONG (Reuters) - U.S. oil and gas producer Apache Corp is selling a 33 percent stake in its Egypt oil and gas business for $3.1 billion to state-owned Chinese oil giant Sinopec Group, reducing its exposure in the country amid the recent political unrest.

Blackstone Group to acquire Dutch developer Multi Corp: Bloomberg

(Reuters) - Private equity firm Blackstone Group LP's real estate unit is set to take over Netherlands-based real estate company Multi Corp following the completion of its restructuring, Bloomberg reported, citing two sources familiar with the matter.

Icahn raises Nuance stake, may push for board seats

(Reuters) - Activist investor Carl Icahn said he had raised his stake in speech recognition software maker Nuance Communications Inc to 16.9 percent and that he may discuss the possibility of adding his nominees to the company's board.

Microsoft in talks to buy stake in start-up Foursquare: Bloomberg

SAN FRANCISCO (Reuters) - Microsoft Corp is in talks with social networking company Foursquare about a possible investment, Bloomberg reported on Thursday.

Sandwich maker Potbelly files for IPO of up to $75 million

(Reuters) - Sandwich maker Potbelly Corp, backed by private equity firm Oak Investment Partners, filed with U.S. regulators to raise up to $75 million in an initial public offering of common stock.