EMI to buy out Japan's Toshiba-EMI stake
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British music company EMI Group Plc  will buy out shares in Toshiba-EMI Ltd., the Japanese joint venture it had with Toshiba Corp. , for a bigger share of the world's second-biggest music market.
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British music giant EMI Group PLC is preparing to cut up to 2,000 jobs, or about one-third of its work force, as part of a contentious restructuring plan being prepared by the group's new owner, Terra Firma Capital Partners, reports said Sunday.
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Cable &amp; Wireless has agreed to sell its Japanese unit to Softbank for 72.4 million pounds. The deal, under which the Japanese Internet communications company will assume debt worth 9.5 million
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U.S. investment fund Perry Capital has offered to buy an additional 25 percent stake in ailing Japanese chip maker NEC Electronics Corp.  for 154 billion yen ($1.27 billion), a source close to the matter said on Wednesday.
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(InfoWorld) - Toshiba will sell its entire stake in record company Toshiba EMI, one of Japan's largest music publishers, it said Thursday. The stake will be purchased by EMI GroupÂ for Â¥21 billion ($179 million), of which about Â¥13 billion will see its way to Toshiba's pretax profit this year. Toshiba said it is selling the stake because its involvement in the music business is less relevant to other businesses in the group than it was in the past. The sale is expected to be completed before the end of Toshiba's current financial year in March 2007.ADVERTISEMENTNEW IT SERVICES FROM IBM: EASIER TO BUY AND IMPLEMENTDiscover a simpler, more cost-effective way to get the solutions your company needs to grow more flexible and efficient.
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Japan Tobacco Inc. confirmed on Friday it was in talks to buy smaller rival Gallaher Group Plc L> , in a 7.5 billion pound ($14.7 billion) deal that would extend its overseas expansion.
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(InfoWorld) - Toshiba and Micron TechnologyÂ have settled a number of outstanding lawsuits regarding alleged patent infringement and theft of trade secrets related to computer memory chips. Under terms of an agreement announced Friday, Toshiba will purchase some Micron patents related to semiconductor technology and license patents previously owned by Lexar Media, which wasÂ acquired by MicronÂ earlier this year. Toshiba will pay $288 million to Micron in return for the patents and licenses, Toshiba said. The amount is substantially less than the $465 million inÂ compensation awarded to LexarÂ by a California court in 2005. The payment has been on hold since late last year after Toshiba succeeded in having the damages reconsidered andÂ filed an appealÂ seeking to overturn the original guilty verdict. Earlier this year Lexar raised the stakes by asking the U.S. International Trade Commission toÂ bar the importÂ of some of Toshiba's NAND flash-memory chips and products containing them. The ITC action will now be dismissed, along with others at the U.S. District Court for the Northern District of California and the California Court of Appeals, Toshiba said. Toshiba became business partners with Lexar when it invested $3 million in the company in 1997 and acquired a seat on its board of directors. According to Lexar's original complaint, Toshiba sat on the board for two and a half years and gained access to the company's product plans and technology, while at the same time working with Lexar rival SanDisk. Â
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Warner Music Group said on Wednesday any takeover offer for Britain's EMI Group Plc would probably all be in cash, briefly boosting the London-based company's shares.
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LONDON, November 19  âThe share price of the global music company, EMI (EMI.ETR), appreciated nearly 10% to 228.5p on the London Stock Exchange today, after the company guided to improved full year results, despite posting ay/y decline
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Japan Tobacco Inc has said it has reached an agreement to buy British rival Gallaher Group for 2.25 trillion yen (19.1 billion dollars) including debt, in Japan's biggest ever corporate acquisition.
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Britain's Cable and Wireless is in talks to leave Japan by selling its money-losing Japanese unit to Softbank or an investment firm of Tokyo, a report said.
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Just days after two Sony spokespersons flatly told Bloomberg News that no such deal had been reached, Asian press sources are saying today the company has agreed to sell its Kyushu Semiconductor facility - which produces the Cell BE CPU for Sony's PlayStation 3 - to its STI partner Toshiba for about 100 billion yen.
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Sony Corp  said on Wednesday it will sell its microchip production facilities in western Japan to Toshiba Corp  for 90 billion yen ($835 million), in their latest move to focus on their core businesses.
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Record label EMI, bought by private  equity firm Terra Firma last year, is set to announce on Monday  plans to cut as much as one third of its 6,000 staff, slash  marketing costs and drop artists as part of a restructuring,  the Wall Street Journal reported.
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U.S. Warner Music Group  has bid  2.5 billion pounds (&#36;4.6 billion) for Britain&#039;s EMI Group Plc   in an attempt to take control of the company that has  been pursuing it, the Financial Times said on Wednesday.
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(InfoWorld) - Microsoft Corp. will invest in Chinese electronics maker Sichuan Changhong Electric Co. Ltd. as part of a project to link televisions and consumer entertainment devices with the Internet. Microsoft China agreed to buy 15 million newly issued Changhong shares at a price of 6.27 renminbi per share, according to a Changhong filing (in Chinese) with the Shanghai Stock Exchange. Microsoft's planned stake in the company is worth 94.1 million renminbi (US$12.3 million). Changhong's announcement follows an agreement between the two companies, signed Friday, to cooperate on a project called Media Galaxy. The goal is to develop, manufacture, and sell televisions, computers and digital entertainment products that connect to the Internet, Changhong said. It did not offer further details. Terms of the investment deal require Microsoft to hold on to its Changhong shares for at least three years.
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By Kyodo News International, Tokyo  Sep. 14--TOKYO -- Toshiba Corp. said Thursday it plans to end its  silicone business by the end of the year by selling its stakes in joint  venture companies with General Electric Co. of the United States.