Centerbridge Partners LP, a New York-based private-equity firm, is teaming up with Phil Falcone’s Harbinger Capital Partners and Fortress Investment Group LLC to acquire LightSquared Inc. for $3.3 billion, according to a person familiar with matter.
Mexican billionaires Carlos Slim and Emilio Azcarraga, who typically go head-to-head for phone customers and TV viewers, are taking their rivalry to the soccer field this week in their country’s championship game.
International Business Machines Corp., the world’s largest provider of computing services, continues to face economic challenges as it tries to reignite declining sales, Senior Vice President Erich Clementi said.
Verizon Wireless said it’s open to accepting unused airwave licenses as payment for at least part of the spectrum it’s trying to sell, giving likely bidder T- Mobile US Inc. more flexibility to prepare an offer.
IAC/InterActiveCorp, the Internet holding company owned by billionaire Barry Diller, got a bargain when it agreed to buy a group of ValueClick Inc. websites for $80 million, according to Goldman Sachs Group Inc.
AllThingsD editors Walt Mossberg and Kara Swisher, who are leaving News Corp. at the end of the year, completed a deal with NBCUniversal for a news and conference business that will bring their current staff to a newly named website, according to people familiar with the matter.
NII Holdings Inc., which sells Nextel-branded wireless service in Latin America, will cut at least 1,400 jobs and reduce its headquarters staff by more than 25 percent as the carrier struggles with subscriber losses.