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Taiwan's ProMOS agrees to sell 12-inch fab to GlobalFoundries
2013-03-28 12:21:27| Semiconductors - Topix.net
Taiwanese chipmaker ProMOS Technologies Inc said on Thursday that it has agreed to sell its 12-inch wafer fab to Silicon Valley-based contract chipmaker GlobalFoundries, after failing to dispose of the asset in two previous auctions.
TNT Agrees to Sell China Road Unit to Citic Private-Equity Funds
2013-03-28 09:48:51| Air Courier - Topix.net
TNT Express NV agreed to sell its Hoau domestic road operations in China to private equity funds as the delivery company focuses on European business following the failure of a takeover by United Parcel Service Inc.
Tele2 to sell Russian operations for USD 2.4 bln
2013-03-28 08:43:00| Telecompaper Headlines
(Telecompaper) Tele2 has agreed to sell its mobile operations in Russia to the bank VTB for USD 2.4 billion plus USD 1.15 billion in net debt. The deal values Tele2 Russia, the fourth-largest mobile operator in Russia with almost 23 million customers, at 4.9 times EBITDA for 2012. Tele2 said it expects a capital gain of SEK 15.6 billion on the sale, of which SEK 12.5 billion or SEK 28 per share will be distributed to shareholders. The remainder will be re-invested in its business, with a renewed focus on the markets Sweden, the Netherlands, Norway and Kazakhstan. VTB said it sees the takeover as a good financial investment, and it will seek financial and strategic partners to further develop the company. Bloomberg reports that Russian telecoms investor Alfa, which controls rival mobile operator Vimpelcom, has already expressed interest in taking over Tele2 Russia for USD 3.6-4.0 billion.
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eBay tests new program to sell your items to Goodwill
2013-03-27 15:57:31| CNET News.com
A new test program dubbed "Sell it Forward" rewards you with 50 percent of the selling price on certain items sent to Goodwill via eBay. [Read more]
Microsoft to sell IPTV business to Ericsson - report
2013-03-27 09:16:00| Telecompaper Headlines
(Telecompaper) Ericsson is in talks to buy Microsoft's IPTV business, people with knowledge of the matter told Bloomberg. The transaction could be announced within the next few weeks. After selling the MediaRoom software for set-top boxes to Ericsson, Microsoft would focus on delivering TV through its Xbox game console, the report said. Both companies declined to comment on the report. Microsoft's IPTV customers include AT&T, Deutsche Telekom, Beeline and Telefonica.
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