Sony and Ericsson Call It Quits, Finally
Divorce or death. Telefon AB L.M. Ericsson and Sony Corp. chose the less bloody option, with the Japanese electronics giant paying $1.46 billion for Ericsson’s 50% share in their unhappy mobile phone joint venture, Sony Ericsson.
Sale of Iceland Foods Heats Up
Although much of U.K. M&A has been in a deep freeze of late, one deal that is heating up is the sale of supermarket chain Iceland Foods.
Save Ireland? Why Not LBO It?
The Continent is prepares a rescue plan for Ireland that some have pegged at roughly €100 billion, or $136 billion. That is a startlingly large number, both nominally and as a percentage of the country's GDP. At this rate, perhaps it makes more sense...
Does BP’s Tony Hayward Have a New Job?
Tony Hayward, the former chief executive of BP, has received a fair share of brickbats over his response to the oil-spill disaster in the Gulf of Mexico. So, is he still in demand? Well, Mark Kleinman, City editor of Sky News, says Hayward is "in talks...
The 411 on Douglas Flint, HSBC’s New Chairman
Douglas Flint may be the “compromise candidate” for the role of HSBC Holdings chairman following a power struggle, but the straight-talking chief financial officer of the U.K.’s largest bank is highly regarded by analysts and has a strong track r...
Breaking News: Deutsche Bank’s Olsher Decamps for Goldman Sachs
Deutsche Bank emerging-markets honcho Brett Olsher is decamping for Goldman Sachs, Deal Journal has learned. Olsher, until recently co-head of global M&A at Deutsche Bank in London, will join Goldman as a partner, people familiar with the matter s...
Is a Wide-Ranging Deal Between BP and Its Russian Partner in the Cards?
It wasn’t long ago that BP's Russian joint venture was a major headache, with the two sides sparring over management of the operation. Now, TNK-BP, as the venture is known, could help cure what ails the U.K. oil giant.
Breaking Down the Battle Royale in the U.K. Insurance Arena
British insurers Aviva and RSA Insurance Group aren’t sitting at a negotiating table yet, but they clearly are engaged in a public battle for the hearts and minds of Aviva shareholders.
Blackstone’s Man at Deutsche Telekom Changes Role at Buyout Firm
One of Blackstone Groups top private-equity officials in London is taking a step back from the day-to-day deal-making grind.
Forget The Bonus Tax, British Bankers Are Still Rolling In It
Average bonuses for U.K. bankers rose 40% last year and most industry professionals still received the bulk of their compensation in cash, according to a new survey that suggests the clampdown on remuneration in the country has had little impact on the level and structure of payouts.
What Is Wall Street’s Exposure to Greece?
So just what is the exposure of U.S. banks to debt in Greece, Portugal, Ireland and Spain?
Did Tony Chedraoui’s Tyrus Capital Bet the Ranch on Brazil?
Vivendi's disclosure Tuesday that it was buying a large stake in Brazilian telecommunications operator GVT Holding from Tony Chedraoui Tyrus Capital had fellow fund managers to wondering: had Chedraoui bet the house on one stock?
