Deals of the Day: Facebook Courts Big Ad Players By WSJ Staff Deals of the Day compiles this morning’s biggest news about mergers and acquisitions, banking, bankruptcy and more. Catch us on Twitter, @WSJDealJournal.
Mergers Acquisitions Carlyle in Deal to Buy Getty: Private-equity firm Carlyle and Getty Images management have formed a partnership to acquire stock-photo agency Getty Images from Hellman Friedman for $3.3 billion. [WSJ] Lloyds Sells Private-Equity Assets: Lloyds Banking Group said it has agreed to sell private equity-related investments worth £1.05 billion ($1.65 billion) to Coller International Partners as the U.K. bank continues to dispose of riskier assets after its 2008 bailout. [WSJ] Sinopec Eyes Energy Deal in Texas: A Chinese group that includes major oil company Sinopec is in advanced talks to put up to $1 billion in a Texas clean-energy project. [WSJ] Agrium — We Won’t Spin Off Key Line: Agrium said it won’t hive off its retail-distribution business, the key demand of U.S. hedge fund Jana, who has built a large stake in the fertilizer producer. [WSJ] Heineken Stares Down Tiger Pursuit: Heineken is right to stand firm against efforts by Thai Bev and Kindest Place to break up its quest for the rest of Asia Pacific Breweries. [Heard on the Street] Liberty Media Raises Stake in Sirius XM to 48%: John Malone’s Liberty Media has inched closer to taking control of Sirius XM Radio, raising its stake in the satellite-radio operator to about 48%. [WSJ] GSK sells Australian drugs to Aspen: GlaxoSmithKline advanced its clear-out of non-core drugs on Wednesday with a deal to sell 25 older brands marketed in Australia to South Africa’s Aspen Pharmacare for 172 million pounds ($270 million). [Reuters]
Financial Institutions Kroll Starts to Rate Attention: Corporate-investigations mogul Jules Kroll’s credit-ratings firm, Kroll Bond Rating Agency, has cracked the top three in rating commercial mortgage-backed securities. [WSJ] Market Woes Weigh on Chinese Brokers: Shares of China’s securities firms are having a bad week, which may reflect the impact on brokerage income of weak trading volumes and fading margins as the doldrums continue in the nation’s stock markets. [Heard on the Street]
Legal Regulatory U.K. Bank Settles Iran Money Case: Standard Chartered agreed to pay $340 million to a New York regulator to settle allegations it broke U.S. money-laundering laws in handling Iranian customers’ transactions. [WSJ] Standard Chartered Settles Some Nerves: Despite the $340 million fine, shareholders will likely greet the bank’s settlement with relief. [Heard on the Street] Fund Manager Testifies Against Insider Informant: In a bid to discredit the testimony of a key government witness in his insider-trading trial, hedge-fund manager Doug Whitman testified that he thought the informant was lying when she said she had a secret source for Google in 2007. [WSJ] Peregrine CEO to Be Arraigned Friday: The chief executive of Peregrine Financial Group is scheduled to be arraigned in an Iowa court Friday on charges that he misled federal market authorities for years as part of a long-running fraud. [WSJ] Awesome Facebook Timeline Simple This Site And The Products And Services Offered On This Site Are Not Associated...
Companies Industries Inside Facebook’s Push to Woo Advertisers: Facebook executive Carolyn Everson has set in motion plans to convince the world’s biggest brands that ads on the social network can indeed work—and to quantify how so. [WSJ]
Buyside Fund Managers Unload Banks: Some well-known hedge-fund managers reported significantly reduced stakes in big banks, including J.P. Morgan Chase and Goldman Sachs as well as food companies such as Kraft Foods in the second quarter. [WSJ]
People Players Brett Wyard: A senior Carlyle Group executive has told investors that he is leaving the private-equity firm, marking the first high-level exit since the company went public in May. [WSJ]
Deals of the Day: Facebook Courts Big Ad Players
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