Providence Equity Partners Inc. is losing two managing directors, adding to at least three top departures last year, as the buyout firm struggles to raise a new fund less than half the size of its predecessor.
News Corp., the media company led by Rupert Murdoch, agreed to buy 49 percent of the YES Network, the cable channel that carries New York Yankees baseball games, in a deal that values the pay-TV outlet at about $3 billion.
AutoTrader.com Inc., which runs a website linking buyers and sellers of new and used cars, is talking to banks about a potential initial public offering, a person with knowledge of the discussions said.
Marsh & McLennan Cos. , the second- largest insurance broker, agreed to sell its Kroll security- consulting operation to a buyout firm for $1.13 billion to focus on its main business of matching insurance buyers and sellers.
KKR & Co., the private-equity firm run by Henry Kravis and George Roberts, is cutting costs at its European portfolio companies to prepare for an economic slowdown as the debt crisis worsens, said the firm’s head of global capital.
Microsoft Corp. , Yahoo! Inc. and Google Inc. have taken their battle to become the online advertiser of choice to the sandy shores of Cannes, wining, dining and making pitches to the world’s biggest ad agencies.