Time Warner has changed its bylaws to prevent an unwanted takeover in the future. The move comes after the CNN parent company turned down an offer to be bought out by Fox News owner Rupert Murdoch last week.
General Electric has been given the green light to buy Alstom’s energy business for an estimated $17 billion. The deal will give GE wider access to power plants in Asia and Africa, with Alstom getting a stronger footing in the US railroad business.
The man behind the Tesla electric car now wants to build one of the world’s largest solar panel plants in upstate New York. Rooftop solar installer SolarCity is expanding the effort to produce more panels in the US, not in China.
America’s second-largest wireless provider AT&T will buy the country’s largest satellite TV company for $48.5 billion, as well as assume the company’s net debt, giving the total transaction a value of $67.1 billion.
A meeting last year between top Apple brass and Tesla CEO Elon Musk has sparked speculation that the hugely successful electronics maker is interested in purchasing the forward-thinking electric car company.
The Russian government is demanding state-owned monopolies cut their spending by 10 percent annually over the next five years, as part of a larger concentrated effort to make state-owned companies more competitive.
In a historic vote, shareholders in Finland’s troubled high-tech firm, Nokia, have voted to accept a $7.4 billion takeover of its mobile division by Microsoft. The deal could boost the US software giant’s revenue by $20 billion.