European stocks were little changed, after their first weekly drop since January, as heightened deal activity outweighed data showing that Chinese exports unexpectedly slumped. U.S. stock-index futures were little changed and Asian shares fell.
Vodafone Group Plc increased its takeover offer to investors of Grupo Corporativo Ono SA before the Spanish cable company announces plans for a share sale next week, according to three people familiar with the matter.
Vodafone Group Plc has approached Grupo Corporativo ONO SA’s owners about a potential acquisition as the cable company meets this week to discuss an initial public offering or a sale, people familiar with the matter said.
Providence Equity Partners Inc. has inquired about buying Ontario Teachers’ Pension Plan’s 80 percent stake in the parent company of the Toronto Maple Leafs hockey team, the Toronto Star reported, citing an unidentified person.
Providence Equity Partners Inc. is in the lead to buy Blackboard Inc ., a maker of online educational courseware, a person with knowledge of the situation said. The shares surged as much as 5.5 percent.
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.