Korea M&A Corporation

General Electric Coconfirmed on Friday it may sell or spin off its century-old appliances unit, saying the business was too focused on the United States. The appliance arm, which employs about 13,000 people worldwide, is the area of GE hardest hit by the two-year U.S. housing slump, as the company sold a lot of its dishwashers and refrigerators to home builders. The Louisville-based business, wh..

CBS Corp. is buying San Francisco technology news provider Cnet Networks Inc. for $1.8 billion in a cash deal that will make CBS one of the 10 largest Internet companies in the country, the companies announced Thursday. Under the terms of the agreement, Cnet investors will receive $11.50 a share, a 44 percent increase over Wednesday's closing price of $7.95 a share. "Our little San Francisco-bas..

SINGAPORE (Thomson Financial) - The Government of Singapore Investment Corp. (GIC) said on Tuesday its private equity investment arm GIC Special Investments (GIC SI) has invested $400 million for an 11 percent stake in U.S.-based energy infrastructure company AEI. 'GIC SI views its investment in AEI as gaining exposure to the growing energy infrastructure market in developing countries,' a GIC s..

Clear Channel Communications Inc. settled litigation and signed an amended agreement to be acquired by an investor group for $17.9 billion, ending months of wrangling with banks reticent to fund the deal. The deal price of $36 a share is 8.2% below the $39.20-a-share accord Clear Channel reached in May 2007 with Bain Capital Partners and Thomas H. Lee Partners. In a statement late on Tuesday, th..

Tesco on Wednesday made its largest-ever acquisition, paying $1.9 billion for 36 South Korea stores that will have changed ownership twice in less than three years. The British supermarket chain is paying 958 million pounds to E-Land Group, a fashion retailer, for 36 Homever stores. The move will give Tesco more than 50% additional space in the country. Tesco (TSCDY: 25.56, +0.31, +1.2%) (UK:TSC..

Source From http://ap.google.com/article/ALeqM5j1FGR_0CDqt10g0D6ZkubVRziiIgD90L0HU00 SAN FRANCISCO (AP) — Riding a hot streak that has doubled its stock price in the past three years, Hewlett-Packard Co. is rolling the dice on a $13.2 billion acquisition of technology services provider Electronic Data Systems Corp. The all-cash deal announced Tuesday represents HP's biggest gamble under the lead..