Deutsche Telekom AG is nearing an agreement to sell a 70 percent stake in its Scout24 Holding digital-classifieds business to Hellman & Friedman LLC, according to three people familiar with the auction.
Blockbuster Inc. , the movie rental chain, received final authority from the bankruptcy judge yesterday to pay pre-bankruptcy claims of movie companies, regardless of whether the claims are secured or unsecured. Blockbuster sought the right to pay claims to assure a continuing supply of new movies.
A bankruptcy judge refused to dismiss a $346 million claim by Lehman Brothers Holdings Inc.’s brokerage against Royal Bank of Scotland Group Plc, saying he would “retain jurisdiction to hear and determine all matters” arising from his order.
Defunct brokerage Lehman Brothers Inc. asked a judge to expunge damage claims by New York State and New York City pension funds arising from Lehman’s role as an underwriter of Countrywide Financial Corp. securities before 2008.