Videsh Sanchar to Buy Tyco&#39;s Undersea Cable System
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Videsh Sanchar Nigam Ltd., an Indian long-distance phone company owned by the $14 billion Tata group, said it will buy Tyco International Ltd.
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The Federal Communications Commission is slated to approve the $67 billion purchase of BellSouth by telecom giant AT&T, formerly known as SBC. Shareholders approved the merger in July and expected government regulators to demand the combined company shed some assets.
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Security software vendor Symantec (Nasdaq: SYMC) is negotiating to buy Veritas Software (Nasdaq: VRTS), a provider of data storage software, for more than US&#36;13 billion, according to press reports.
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Media company Cox Enterprises Inc. said Tuesday it will take cable operator Cox Communications Inc. private, agreeing to purchase the 38 percent stake in the company that it doesn&#39;t already own for $34.
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Network operator Cable and Wireless Tuesday announced it has agreed to sell its Japanese business, Cable &amp; Wireless IDC, to Softbank for Â£72.
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com. In a new indication that the sale of US-built telecommunications infrastructure to foreign interests at fire-sale prices is continuing, Tyco International announced Monday that it is selling its Tyco Global Network to India&#39;s Tata Group.
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Rupert Murdoch's News Corp. Ltd.  NCP.AX on Monday said it will sell its stake in Sky Latin  America to its DirecTV Group DTV.N for $579 million, creating  satellite broadcast monopolies in a region where profits have  been elusive.
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Statoil said today that it had agreed to buy Norsk Hydro for about $28 billion in stock.
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Softbank Corp. said Tuesday it will acquire Cable &amp; Wireless IDC Inc., a Japanese unit of British telecommunications firm Cable &amp; Wireless PLC, for 12.
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Greek shipping Stelmar Shipping Ltd. (SJH.N: Quote, Profile, Research) said on Monday it agreed to be acquired by shipbuilder Overseas Shipholding Group Inc.
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Mexico&#39;s Cemex, the world&#39;s third-largest cement maker, is set to buy Britain&#39;s RMC Group in a $5 billion deal to be announced Monday, a source familiar with the matter told Reuters.
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Teck Cominco, a mining company and metals producer, has agreed to buy Aur Resources for 4.1 billion Canadian dollars ($3.9 billion) in cash and stock.
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U.S. telephone carrier Verizon Communications Inc.  is set to sign an agreement as early as Monday with five Asian telecoms companies to build the first high-speed, transpacific undersea cable system directly linking the United States and China, the Wall Street Journal reported on its Web site on Monday.
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By Ryan Blitstein, San Jose Mercury News, Calif.  May 30--News Corp. announced today it bought photo- and video-sharing site Photobucket and Web 2.0 tools site Flextor for undisclosed amounts.
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Transocean Inc. , the  world&#39;s largest offshore driller, said on Monday it would buy  smaller rival GlobalSantaFe Corp. , creating a $53  billion company with a presence in ultra-deepwater and  deepwater drilling and additional growth from new rigs.
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The Toronto Blue Jays baseball team  will buy their home stadium, the SkyDome, from closely held  Sportsco International for C$25 million ($21 million), team  owner Rogers Communications Inc. said on Monday.
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EchoStar Communications Corp   said on Monday that it will buy Sling Media Inc, a privately  held company known for its Slingbox device that relays home  television programs to laptops and cell phones.