Two private equity firms bid for Freescale: sources
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Two private equity consortiums are   bidding to buy chip maker Freescale Semiconductor Inc. FSL.N   for about $16 billion, sources familiar with the matter said on   Monday.
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Chip maker Freescale Semiconductor Inc   said on Friday that it had agreed to be bought for  $17.6 billion, or $40 a share, by a consortium of private  equity firms led by Blackstone Group.
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(InfoWorld) - Freescale Semiconductor Inc. has agreed to be acquired by a group of investment firms for US$17.6 billion. A consortium of four private equity firms plans to buy the big Austin, Texas, chipmaker for $40 per share in cash. The deal is subject to regulatory approvals and a vote by Freescale shareholders. Freescale's board of directors has unanimously approved the sale, the company announced Friday. The offer price represents an approximately 36 percent premium over the company's average closing share price in the 30 days ended Sept. 8. Freescale, a spinoff of Motorola Inc., went public on its own in 2004 and had sales of $5.8 billion in 2005. It designs and manufactures embedded networking, wireless, automotive, industrial and consumer product chips. Under the deal, Freescale is allowed to solicit other proposals for the next 50 calendar days and can respond to unsolicited offers, subject to a deal breakup fee. The consortium is led by The Blackstone Group, in New York, and includes The Carlyle Group, Permira Funds and Texas Pacific Group.
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Private equity firms are knocking on the doors of Time Warner Inc.  and IAC/InterActive , making their case for various deals with the two conglomerates.
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The strong appetite by private equity  firms for technology deals shows buyouts in that sector are  only going to continue -- with the focus on semiconductors and  software.
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Private-equity firms have been picking off companies faster than bankers can draw up the papers. The targets are varied: Clear Channel Communications, Equity Office Properties, Harrah's Entertainment, the Hilton Hotel chain.
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Private equity firms have found a new business where they can place their multibillion-dollar bets: gambling.
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Private equity firms have demonstrated strength in numbers by teaming up to make significant acquisitions, and as some firms keep expanding, investors say the trend toward "club" deals will help them snag assets that once were out of their grasp.
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Deals allowing small investors to get in on private equity transactions are flourishing. What does that mean for the investors?
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Two analyst presentations for the price of one (free).
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You don't have to be Google to challenge the way Wall Street manages initial public offerings. A little southwest Virginia biotechnology company has just gone public using the same innovative "open IPO" process as Google.
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A rush of multibillion-dollar buyouts  has catapulted the volume of private equity deals to their  highest level on record, data published on Tuesday shows.
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Thomas H. Lee Partners and Oak Hill Partners are among the private equity firms bidding for burger chain Wendy's International Inc , sources said on Thursday, as the auction proceeds despite the impact of the credit crunch on deals.
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Deal is delayed as private equity group has trouble finding financing.
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The private equity business hit bumps. A deal was struck for a possible Dow Jones sale, and the Supreme Court struck down a longstanding rule on product pricing.
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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. , the Journal reported on its Web site on Friday.
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Freescale Semiconductor Inc. has agreed to be acquired by a group of investment firms for US$17.6 billion.