Pearson sells out of Spanish business for â¬743m
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Pearson said on Tuesday it had agreed to sell its controlling stake in Spanish media group Recoletos for â¬743m to a consortium of Spanish investors.
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British publisher Pearson said Tuesday it could sell French business newspaper Les Echos, sparking a wildcat strike by staff at the publication.
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Advertising giant WPP is to buy US firm Grey Global, in a deal which could be worth as much as Â£750m ($1.3bn). The UK-based group won the auction for Grey Global, the seventh-largest advertiser in the US, against
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LA MANGA, the sports and leisure resort to the stars, has been sold by P&amp;O in a Â£102m deal to a private equity fund backed by billionaire financier George Soros.
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Publishing group Pearson said it had agreed to sell its 79-percent stake in Spanish media group Recoletos to an investment vehicle formed by a consortium of Spanish investors for 743 million euros (988 million dollars).
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Dutch retailer Ahold has sold its network of about 600 Spanish retail stores to private equity group Permira. The two parties valued the deal at 685m euros ($850m; Â£472m).
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SANTANDER Central Hispano, the Spanish bank that last year bought Britain - s Abbey National, yesterday sold its last shares in Royal Bank of Scotland, its partner of 16 years.
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Business & money: Deal forced to be scrapped as the fallout from the sub-prime markets continues to spread
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A â¬700 million (Â£484 million) stake in Air France-KLM was put up for sale by the French Government yesterday, as part of an effort to more than halve its holding in the carrier to below 20 per cent.
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The joint venture ends shortly after a rival buys the PC maker's LCD unit.
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DUTCH media group VNU is selling off its yellow pages directory business, World Directories, to World Directories Acquisition for Â£1.
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Dutch retail giant Ahold has announced that it has sold its Spanish retail operations to European private equity firm Permira for around â¬685m (US$846.
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Spanish unions and the management of US auto parts maker Delphi Corp. signed an agreement on Thursday to close a factory near Puerto Real near Cadiz in southern Spain at the loss of 1,600 jobs, union sources said.
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Financial Times publisher Pearson Plc.  is seeking partners to make a possible bid for Wall Street Journal owner Dow Jones & Co. Inc. , the Journal reported on its Web site on Friday.
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Media & professional: Pearson, the owner of the Financial Times, said yesterday it had decided not to pursue a bid for Dow Jones with General Electric.
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Business & money: Pearson has decided against bidding for Dow Jones, the owner of the Wall Street Journal.
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Network operator Cable and Wireless PLC (C&W) has agreed to sell its Japanese business, Cable & Wireless IDC Inc., to Softbank Corp. for Â£72.4 million (US$133.3 million), the London-based company announced Tuesday.