May 24 (Reuters) - The following bids, mergers, acquisitions
and disposals involving European, U.S. and Asian companies were
reported by 2000 GMT on Thursday:
** U.S. media executive Harry Sloan has approached private
equity firm CVC Capital Partners to buy a controlling
stake in its asset, Australia's debt-ridden Nine Entertainment,
a source with direct knowledge of the matter said.
The Australian Financial Review (AFR), which first reported
the approach, said Sloan was pushing to value Nine at A$3
billion ($2.9 billion).
** Sovereign wealth fund China Investment Corp (CIC)
is in advanced talks to buy an up to $2 billion stake
in Alibaba Group, sources told Reuters, as the
Chinese e-commerce powerhouse looks to secure the last of the
funding it needs to buy back part of its stake from Yahoo Inc
** China's Hanlong Mining has put back by six months a
target date to seal a A$1.34 billion ($1.3 billion) takeover of
Australian iron ore group Sundance Resources, as
Chinese investment in Australian resource projects cools this
** Silver Lake and Partners Group have
agreed to buy Swiss-based tax-free shopping business Global Blue
for 1 billion euros ($1.3 billion) from rival Equistone.
** General Mills Inc agreed to buy Brazilian food
company Yoki Alimentos SA for about 1.75 billion Brazilian reais
($857 million) as it seeks a greater foothold in Latin America.
** Chesapeake Energy Corp has put 504,000 acres in
the DJ Basin in Wyoming and Colorado up for sale, as the U.S.
energy company scrambles to raise cash to close a $9 billion to
$10 billion funding shortfall.
** Carl Icahn-controlled oil refiner CVR Energy Inc
on Thursday started a 60-day hunt for buyers, a process the
billionaire investor has said would not be easy.
** Israeli conglomerate Delek Group is examining
the sale of its stake in The Phoenix Holdings
insurance group in the wake of a government decision to break up
some of the country's biggest conglomerates.
** General Electric Co will invest $300 million for
an equity stake in a fund run by Brazilian industrial group EBX
that invests in Brazil infrastructure projects, EBX and the
largest U.S. conglomerate said on Thursday.
** Bharti Airtel, India's biggest mobile phone
carrier, said on Thursday it had signed a pact to buy a 49
percent stake in Qualcomm Inc's fourth-generation (4G)
broadband venture in the country for $165 million.
** Russian state-controlled telecoms group Rostelecom
said on Thursday it would buy a 26 percent stake in
Moscow TV network provider Mosteleset for 1.8 billion roubles
** Trafigura and U.S. aluminum producer Ormet
Corp have formed a joint venture to buy bauxite,
alumina and aluminum projects, they said on Thursday, as the
Swiss trading house looks to build its physical presence in the
** Spain's No.2 bank BBVA may sell its Latin
American pension fund businesses, joining the ranks of banks
looking to shed operations outside their main markets to reduce
risks and meet tougher capital rules.
** Russia's Sberbank is hopeful a stake sale in
it, as part of the nation's wider privatization program, will
happen this year, Chief Executive Officer German Gref told
Kommersant daily on Thursday.
** Japan's loss-making Renesas Electronics Corp
said on Thursday it will tie up with Taiwan Semiconductor
Manufacturing Co in the microchip business as it
struggles to keep up with aggressive rivals like Samsung
** Aviva plc is putting its South Korean and Sri
Lankan businesses on the auction block, sources with knowledge
of the matter said, adding to the insurer's list of Asia
divisions it is selling as part of a global plan to raise money
to protect against its euro zone exposure.
** Turkish lender Akbank said Citigroup,
which has a 20 percent stake in the bank, has started selling a
10.1 percent stake of Thursday.
** Deutsche Telekom believes a complete sale of
its T-Mobile USA unit is unlikely, the company told shareholders
on Thursday, as it continues its search for a long-term solution
for the troubled business.