Philips sells 3% stake in Vivendi for 720mil euros
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AMSTERDAM: Royal Philips Electronics NV has sold its entire 3% stake in Vivendi Universal for around 720 million euros. The transaction closed on Wednesday and is expected to result in a non-taxable gain of 300 million euros in the fourth quarter.
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Operazione da 3,3 mld per controllata France Telecom
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German media group Bertelsmann agrees to sell its BMG Music Publishing Group to Vivendi's Universal Music for 1.63bn euros.
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Vivendi Universal SA, owner of the world&#39;s largest music company, said it will sell a 15 percent stake in Veolia Environnement SA to cut debt and focus on its media business.
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Philips Electronics NV is to buy U.S.  medical products company Respironics Inc for 3.6 billion euros  ($5.2 billion), its biggest ever acquisition, as it expands in  the fast-growing healthcare sector.
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(InfoWorld) - Philips Semiconductor unveiled its new name Thursday, becoming NXP after 50 years as the semiconductor division of the Dutch electronics conglomerate. NXP stands for "Next Experience," the company said in a statement. The name was changed afterÂ a group of private equity firms bought an 80.1 percent stake in the company. Bain Capital, Silver Lake Partners, Apax and AlpInvest Partners NV worked withÂ leader Kohlberg KravisÂ RobertsÂ & Co.Â on the deal, and Koninklijke Philips Electronics N.V. retained a 19.9 percent stake in the chip maker. Frans van Houten will continue as the company's chief executive officer. The new shareholders will invest â¬1 billion (US$1.28 billion) in research and development, the company said, but did not specify over what period. The company will maintain its headquarters in Europe, with a total of about 37,000 employees in 20 countries.
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Philips Electronics announced Friday that it would launch a friendly cash takeover bid for US medical equipment company Respironics, valuing it at 5.1 billion dollars (3.6 billion euros).
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Bertelsmann agrees to sell its BMG Music Publishing Group to Vivendi's Universal Music for 1.63m euros ($2.1m; Â£1.1m).
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LONDON, November 25  - Dutch electronics and semiconductor giant, Philips (PHI1.ETR), has sold its entire stake in the French media company, Vivendi Universal.
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THE German government has sold a 6.3 per cent stake in phone operator Deutsche Telekom, raising up to Â£3.1 billion to help cut its growing budget deficit.
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Dutch Philips Electronics  said on Wednesday it plans to repurchase 5 billion euros ($7.2 billion) worth of its own shares within the next two years, starting on January 2.
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Vivendi's Universal Music has agreed to   buy BMG Music Publishing for 1.63 billion euros ($2.1 billion)   in a long-expected deal that makes the world's biggest seller   of recorded music also the largest in music publishing.
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The Blackstone Group sold the majority of its property holdings in Germany to institutional investors for about 1.6 billion euros ($2.1 billion), the company said yesterday. Blackstone said it had sold a majority stake in its Vitus subsidiary to a consortium including Round Hill Capital and Morley Fund Management, the wealth-management unit of the British insurer Aviva. Blackstone bought Vitus, which has more than 31,000 apartments, from a German holding company, WCM, at the end of 2004.
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Dutch electronic's giant Philips said Monday it had raised 980 million euros (1.45 billion dollars) from the sale of 800 million shares in the world's largest chip foundry, Taiwan Semiconductor Manufacturing Company (TSMC).
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The Netherlands, Europe&#39;s third-largest gas producer, agreed to pay 2.78 billion euros ($3.55 billion) to buy the natural gas pipeline stakes of Royal/Dutch Shell Group and Exxon Mobil Corp.
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Vivendi Universal revealed on Tuesday the  full impact of selling most of its entertainment business, as  impairment charges incurred from the deal were largely behind a  nearly trebled first-half net loss of 1.86 billion euros ($2.28  billion.).
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Vivendi Universal finalized its sale of money-losing German production center Studio Babelsberg to investors Carl Woebcken and Christoph Fisser on Wednesday, handing over the studio for a symbolic 1 ($1.22). In ...