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Hornbeck Offshore to sell downstream transportation business to Genesis Marine
2013-07-24 01:00:00| Ship Technology
Hornbeck Offshore Services (HOS) has agreed to sell the tug and tank barge (TTB) fleet of its downstream segment to Genesis Marine for $230m.
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transportation
marine
ST-Ericsson to sell GNSS Business to Intel
2013-05-28 10:45:00| Telecompaper Headlines
(Telecompaper) ST-Ericsson, a joint venture of STMicroelectronics and Ericsson, announced that it has signed a definitive agreement to sell the assets and intellectual property rights (IPR) associated with its mobile connectivity Global Navigation Satellite System (GNSS) business to an unnamed semiconductor company. Intel later confirmed that it was the buyer, according to Reuters. In addition to the assets and IPR associated with this business, a team of 130 industry veterans located in Daventry (UK), Bangalore (India) and Singapore are anticipated to join the buyer at closing of the transaction. The closing of the transaction is subject to regulatory approvals and standard conditions and is expected to be completed in August this year. ST-Ericsson estimates the proceeds from the sale, combined with the avoidance of employee restructuring charges and other related restructuring costs, will reduce the joint venture's cash needs by approximately USD 90 million.
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intel
gnss
Nestlé to sell Pfizers baby food business in Mexico
2013-04-16 01:00:00| Food Processing Technology
Swiss food company Nestlé will sell the assets of Pfizers baby food business in Mexico to an unrelated third party in order to ensure domestic competition, according to Mexico's competition watchdog Cofeco.
Microsoft to sell Mediaroom IPTV business to Ericsson
2013-04-08 16:04:01| CNET News.com
The software giant says the sale will allow it to focus its TV efforts on Xbox, which will be updated this year. [Read more]
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microsoft
ericsson
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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