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Uber Battles To Keep London License In Court Appeal

LONDON – Uber [UBER.UL] goes to court on Monday to overturn a decision stripping it of its license in London after being ruled unfit to run a taxi service in its...

Ge Nearing Deal To Sell Industrial Engines Unit To Advent Wsj

– General Electric Co (GE.N) is close to a deal to sell its industrial gas engines business to private equity firm Advent International for $3 billion or more, The...

Walmart-advent Deal Gets Brazil Antitrust Nod

SAO PAULO – Brazil’s antitrust watchdog Cade on Friday approved buyout firm Advent International’s acquisition of Walmart Inc’s (WMT.N) Brazilian...

Satellite Operator Echostar Unveils Stake In Bid Target Inmarsat

LONDON – Shares in British satellite operator Inmarsat (ISA.L) leapt on Friday after its U.S. suitor EchoStar (SATS.O) disclosed stakes in the London-listed...

Satellite Operator Echostar Builds Stake In Bid Target Inmarsat

LONDON – U.S. satellite operator Echostar (SATS.O) has built a near 3 percent stake in Inmarsat (ISA.L), the British company that it is seeking to buy, stock...

Disney Willing To Divest More Fox Assets For Deal Clearance

– Walt Disney Co (DIS.N) said on Thursday it was willing to divest Twenty-First Century Fox Inc (FOXA.O) assets that generated up to $1 billion in earnings before...

Paypal To Acquire Fraud Prevention Company Simility For 120 Million

– PayPal Holdings Inc (PYPL.O) has agreed to acquire fraud prevention technology company Simility for $120 million in cash, it said on Thursday. Palo Alto,...

Ericsson Needs Industries To Embrace 5g To Underpin Its Recovery

STOCKHOLM/LONDON – Ericsson needs a range of industries to embrace 5G network services if the equipment maker is to get a long-term boost that would allow it to...

Investor Odey Says Sky Could Be Worth As Much As 50 Billion Pounds

LONDON – Top-20 Sky (SKYB.L) investor Crispin Odey said he expects the bidding war for the media company to carry on over the summer and that the European...

Siris Capital Unit To Buy Webcom For 2 Billion

– Internet services company Web.com Group Inc said on Thursday an affiliate of private equity firm Siris Capital will buy the company for about $2 billion in cash....