Deals

Exclusive: Schulze's Best Buy bid seen in December, below $8 billion range

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NEW YORK - An eventual bid for Best Buy Co Inc by founder Richard Schulze could come below his initial proposal of around $8 billion and is now not expected to be made before December, sources familiar with the matter said, in a new twist to the months-long saga at the struggling electronics retailer.

Icahn says has considered Netflix takeover, no decision made 1:35am GMT

- Activist investor Carl Icahn said on Thursday he has considered a hostile takeover bid for Netflix but was uncertain he stood a chance of acquiring the Internet streaming service in which he holds a 10 percent stake.

Diageo close to deal for United Spirits stake: sources 08 Nov 2012

MUMBAI - Diageo Plc was close to a deal for a stake in Indian liquor baron Vijay Mallya's United Spirits Ltd after months of talks, sources with direct knowledge of the matter said, with a deal likely to be announced as soon as Friday.

CNOOC says confident Nexen deal will go through 3:59am GMT

BEIJING - CNOOC Ltd , China's top offshore oil and gas producer, said on Friday it is confident of winning regulatory approval from Canada this year for its $15.1 billion bid for Nexen Inc .

Priceline to buy Kayak Software for $1.8 billion 12:48am GMT

- Priceline.com Inc said it will buy Kayak Software Corp in a friendly deal valued at $1.8 billion, bolstering its travel research and advertising capabilities.

Orient-Express rejects $1.2 billion Indian Hotels offer 08 Nov 2012

- Orient-Express Hotels Ltd rejected a $1.2 billion takeover offer from Indian Hotels Co Ltd as too cheap and appointed a new chief executive, saying that it was confident of its prospects as an independent company.

Tycoons end board dispute with BP 08 Nov 2012

MOSCOW - The Soviet-born billionaires who share ownership of Anglo-Russian oil firm TNK-BP with partner BP declared an end to a boardroom stalemate on Thursday, a step that could smooth the way to selling the business.

German TLG property sale seen wrapped up only in 2013 08 Nov 2012

BERLIN - The German government expects to book the proceeds of its sale of state-owned real estate company TLG Immobilien only in 2013, not this year as originally envisaged, coalition sources said on Thursday.

Lonmin prices share offer at 45 percent discount: sources 08 Nov 2012

JOHANNESBURG - Platinum miner Lonmin Plc will price its $800 million rights issue at around a 45 percent discount on Friday, according to three people familiar with the matter, representing the top of its expected range.

Chernin's media company nabs large Qatar equity investment 08 Nov 2012

LOS ANGELES - Former News Corp President Peter Chernin, whose two-year-old company produces "The New Girl" TV show and owns a stake in online music service Pandora, received a "significant" investment from the Qatar Holding Company to invest in media and technology companies.

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