British Sky Broadcasting Plc , the U.K.’s largest pay-TV provider, spurned a 7.8 billion-pound ($11.6 billion) offer from Rupert Murdoch’s News Corp. , asking for the bid to be raised by at least 14 percent.
Vodafone Group Plc Chief Executive Officer Vittorio Colao was under shareholder pressure to sell assets when he took over after his predecessors’ decade-long takeover binge. This week, he showed that his patience paid off.
Vodafone Group Plc ’s $6.5 billion sale of its stake in China Mobile Ltd. is the biggest divestment since Chief Executive Officer Vittorio Colao took charge in 2008. Investors are looking to him for more disposals.
Williams Cos. , the third-largest U.S. pipeline operator by market value, fell 3.5 percent in New York trading after cutting profit forecasts for the next three years based on lower-than-expected prices for natural gas and petroleum products.
Vodafone Group Plc plans to sell securities in Japanese wireless operator Softbank Corp. for 3.1 billion pounds ($5 billion), hastening the disposal of minority assets to focus on data services and other growth areas.