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DEALS & DEAL MAKERS
Up-to-the minute deal news and commentary
India's Reliance ADA is hunting for U.S. acquisitions in the mobile-content market, seeking to extend its U.S. foothold beyond movies.
Ericsson, STMicro Join Forces
Ericsson and STMicro said they will form a joint venture to produce semiconductors and software for mobile applications.

General Dynamics to Buy Jet Aviation
General Dynamics is paying $2.25 billion for Jet Aviation, a Swiss air-services company with facilities world-wide.

Salesforce.com Acquires InStranet
Salesforce.com acquired InStranet which makes call-center optimization software, for $31.5 million, which includes the assumption of $4.2 million in cash.

LG Weighs Selling Plasma Production Line
LG Electronics said it may sell one of its plasma-display-panel production lines as part of its efforts to cut costs and improve profitability.

European Insurers Are on the Prowl
Europe's insurers remain on the hunt for small to midsize acquisitions, with the action likely to center on promising emerging markets, while larger deals in mature markets will likely have to wait in the face of the global credit turmoil.
 
DEAL JOURNAL BLOG POSTS
Aug 19, 5:41 pm
Can a videogame maker get called for holding? Thursday, Electronic Arts and Take-Two Interactive Software will get an important ruling: The Federal Trade Commission is expected to tell the two companies whether a proposed $2 billion combination passes muster with antitrust authorities, or whether they would hold too much of the videogame market. In June, [...]
Aug 19, 3:19 pm
For Dick Fuld and Lehman Brothers Holdings, desperate times call for drastic measures. The Wall Street securities firm, as the WSJ reported today, is courting potential bidders about buying a piece of the firm's investment-management business, which includes Neuberger Berman. Portfolio.com asks if the news is cause for relief or worry? The timing for any sale [...]
Aug 19, 2:55 pm
When Continental rejected Schaeffler Group's 11.3 billion euro ($16.6 billion) takeover offer last month, the German tire maker said it “does not come close to the true value of Continental” and “does not create trust.” With Schaeffler having signaled last week that it could raise its offer, that elusive value appears closer at hand. [...]
Aug 19, 11:09 am
Lehman Brothers Holdings, our WSJ colleagues reported today, is shopping its investment-management unit, which includes the prized Neuberger Berman. While few analysts and bankers are in favor of a sale–because of the loss of a strong cash-flow contributor–but Lehman may be confronting ugly third-quarter financial results and need to bolster its balance sheet. That said, [...]
COLUMNS
THE GAME By DENNIS K. BERMAN
Slim Pickings at Merrill Lynch
What if you woke up one morning and had 615 million more mouths to feed? And your fridge? It's half-empty. This is the dilemma for Merrill Lynch's John Thain, who last week unveiled an $8.55 billion sale of new Merrill common stock.
 

 
DEALS & DEAL MAKERS TOOLS
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Deal making slowed to a trickle in the third quarter, yet still finished September just shy of 2006's record total. Check out our interactive graphic breaking down the first nine months of 2007 in M&A.
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Fueled by cheap credit and overflowing coffers, private-equity firms powered an unprecedented M&A boom that peaked during the first half of this year. Here's a look at the major private-equity players. (6/11/2007)
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The Nasdaq, the London Stock Exchange, Sweden's OMX and the governments of the Persian Gulf states of Dubai and Qatar have been involved in a flurry of wheeling and dealing. Here's a flow chart of what everybody ends up with if and when the day's various deals are done. (09/21/2007)
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Bristol-Myers Squib offered $60 a share to acquire...
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The calls of Wall Street stock analysts have been of little help to battered shareholders during the credit crunch, mostly filled with Pollyannaish sunshine rather than helpful portents of doom.
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Leveraged loans were a little more expensive in the first quarter, but are already improving, says Merrill Lynch Chairman and CEO John Thain.
• Chrysler CEO and Chairman Robert Nardelli responds to an audience member's question on how Chrysler plans to adjust to the rising cost of fuel.
• Pepsi Chairman and CEO Indra Nooyi tells Wall Street Journal's Nik Deogan what life is like as a famous executive. She also discusses what she sees for her future.
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