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Sony to Sell Whole 13% Stake in DeNA for About $438 Million

2013-03-04 15:37:06| Electronics - Topix.net

Troubled gadget-maker Sony is selling off its whole 13.14 percent stake in Japanese mobile gaming firm DeNA .

Singtel to sell stake in Warid Telecom

2013-01-29 14:27:00| Telecompaper Headlines

(Telecompaper) Singtel has agreed to sell its 30 percent stake in the Pakistani operator Warid Telecom to the Abu Dhabi Group. This gives the latter 100 percent of Warid's shares. Singtel will receive USD 150 million plus a 7.5 percent share of the net proceeds from any future sale, public offering or merger of Warid. The cash consideration is payable in several tranches up to the third anniversary after completion of the deal. Closing is dependent on a number of conditions still, including approval from Warid's lenders. Singtel previously provided a guarantee of USD 90 million and equity undertaking of USD 51 million for a credit facility provided to Warid. After selling its stake in Warid, it will no longer be subject to these obligations. Singtel expects to book a loss of SGD 230 million on the sale.

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UPDATE 1-Softbank to sell stake in eAccess to Samsung, others-source

2013-01-12 16:11:18| Telecom - Topix.net

Japan's Softbank Corp is in final talks to sell its stake in eAccess Ltd, representing around 67 percent of voting rights, to Samsung Electronics Co and 10 others, a source with direct knowledge of the matter told Reuters.

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