M&A
Sprint Nextel buys controlling stake in Clearwire Corp
20 Oct 2012
Clearwire is the fifth-largest wireless carrier in the US providing services to 88 markets in the country covering 134 million subscribers
Russia’s Rosneft nears deal for BP’s TNK-BP stake
19 Oct 2012
The combination of Rosneft and TNK-BP would create the world’s largest investor-owned oil company, surpassing US giant ExxonMobil with a production capacity of over 4 million barrels of oil equivalent per day
Indian Hotels to make $1.86 billion bid for Orient Express
18 Oct 2012
Orient Express had rejected a 2007 attempt by Indians Hotel to acquire a significant stake in the company, denying any strategic fit between “a predominantly domestic Indian hotel chain and a global portfolio of luxury hotels”