Murdoch's bid for U.K. team kicks up a fuss

Article Abstract:

British Sky Broadcasting Group PLC (BSkyB) is preparing to launch a $960.5 million bid for Britain's Manchester United soccer team. Manchester United is the world's most profitable soccer team. BSkyB, a London based satellite television company, is 40% owned by Rupert Murdoch's News Corp. The deal would tighten Murdoch's grip on British sports broadcasting and give him one of Europe's top sports brands. Murdoch is accused of using News Corp.'s media power to lock out competition. Politicians and fans have vowed to block the deal to buy Britain's most sacrosanct team.

Comment:

British Sky Broadcasting Group PLC is preparing to launch a $960.5 million bid for Britain's Manchester United soccer team

United Kingdom, Asset sales & divestitures, Acquisitions & mergers, Satellite Telecommunications, Satellite TV Communications, Sports Clubs & Racing, Spectator Sports, Satellite television, British Sky Broadcasting Group PLC, Manchester United Football Club PLC

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Elf Aquitaine delays plans to invest in Russian oil firm

Article Abstract:

Elf Aquitaine SA announced that its proposed investment of over $500 million in AO Sibneft will be suspended. The move reflects the concern over Russia's financial troubles. Elf Aquitaine is a French oil company. AO Sibneft is an oil firm based in Russia. A spokeswoman for Elf stated that the company was studying its alternatives. The company said that it had not decided to withdraw from the deal for the time being.

Comment:

Elf announces that its proposed investment of over $500 million in AO Sibneft will be suspended

Strategy & planning, France, Petroleum, Petroleum and Coal Products Manufacturing, Russia, Elf Aquitaine S.A., AO Sibneft

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