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Pentagon accuses Alibaba, Baidu and BYD, three of China's biggest companies, of supporting the Chinese military

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Costco CEO Ron Vachris rose from forklift driver to the C-suite without a college degree: ‘Don’t chase a title’ is the career advice that got him there

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Pentagon accuses Alibaba, Baidu and BYD, three of China's biggest companies, of supporting the Chinese military

2

'We are rapidly running out of time': Watchdog sounds Social Security alarm after 22% cut confirmed for 2032

3

Costco CEO Ron Vachris rose from forklift driver to the C-suite without a college degree: ‘Don’t chase a title’ is the career advice that got him there

M&A

By
Dan Primack
Dan Primack
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By
Dan Primack
Dan Primack
Down Arrow Button Icon
December 22, 2011, 2:35 PM ET

AT&T said that it has received regulatory approval to acquire wireless spectrum from Qualcomm Inc., in a deal valued at around $1.93 billion. www.att.com

Deutsche Boerse received U.S. antitrust approval for its $9 billion acquisition of NYSE Euronext, although it is still awaiting European regulatory approval.

Power Machines of Russia has acquired EMAlliance, a Russian engineering company that makes power station boilers. No financial terms were disclosed. EMAlliance had planned to go public last year, before abandoning the effort.

Audax Group has completed its sale of ColorMatrix Corp., a Berea, Ohio-based maker of liquid color and additive concentrates for thermoplastic product, to PolyOne Corp. (NYSE: POL). www.colomatrix.com

Motorola Mobility has acquired SetJam, a New York-based video discovery startup. No financial terms were disclosed. SetJam had raised seed funding from New York Angels and Hudson River Angels. www.setjam.com

Williams Partners LP (NYSE: WPZ) has agreed to acquire the Laser Northeast Gathering System and other midstream businesses from Delphi Midstream Partners for $750 million. Delphi is a portfolio company of American Securities. www.williamslp.com

Akamai Technologies Inc. (Nasdaq: AKAM) has agreed to acquire Cotendo, a developer of cloud-based acceleration technologies with offices in Israel and Silicon Valley. The deal is valued at approximately $268 million in cash, and is expected to close in the first half of 2012. Cotendo had raised around $36 million in VC funding from Benchmark Capital, Sequoia Capital, Tenaya Capital, Citrix Systems and Juniper Networks. www.cotendo.com

eBay Inc. has acquire BillSafe, a German provider of purchase-on-invoice technology. No financial terms were disclosed. www.ebay.com

Teliasonera has agreed to acquire a 49% stake in Kazakh telecom company Kcell for around $1.52 billion. The deal is expected to close next year, after which Kcell is expected to go public.
Apax Partners has sold 4.42 million shares of PVH Corp. (NYSE: PVH), which were acquired as part of Apax’s $3 billion sale of Tommy Hilfiger to PVH in May 2010. www.apax.com

Yahoo‘s board today will consider a proposal to sell its stakes in Yahoo Japan and Alibaba Group, via a tax-free cash-rich split that would value the positions at approximately $17 billion, as first reported by the NY Times. Under terms of the deal, Yahoo would retain a 15% stake in Alibaba., while selling all of its remaining Yahoo Japan position to Softbank. If Yahoo rejects the offer, Alibaba and Softbank may move forward with plans to acquire all of Yahoo, in partnership with private equity firms Bain Capital and The Blackstone Group. Yahoo also still may accept a minority PIPE offer led by either TPG Capital or Silver Lake Partners. www.yahoo.com

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