Bid & Ask

Compiled by Caroline Winter


• Stepping up acquisitions to cope with competition at home, Qatar Telecom offered to buy the shares of Kuwait’s National Mobile Telecommunications it doesn’t own, valued at about $1.9 billion.

SBA Communications will purchase 3,252 wireless network towers in the U.S. and Puerto Rico from TowerCo for $1.5 billion in cash and shares.

• Disposing of assets to help pay for the 2010 Gulf of Mexico oil spill, BP will sell its stake in Wyoming natural gas fields to Linn Energy for $1 billion and its stakes in two North Sea fields to Mitsui for $280 million.

Inner Mongolia Yitai Coal, the biggest coal producer in the Chinese region bordering Mongolia, is seeking as much as $1.1 billion in a Hong Kong stock offering.

• The world’s No. 1 provider of data-center real estate, Digital Realty Trust, is buying three properties near London for $1.1 billion.

• Qatar will pay as much as $943 million to acquire four hotels in Paris, Cannes, and Nice from Starwood Capital Group, according to the French newspaper Le Figaro.

• British Columbia-based MacDonald Dettwiler and Associates will purchase the satellite manufacturing subsidiary of Loral Space & Communications for $875 million.

8 Liberty Global and investment funds tied to Searchlight Capital Partners will pay $585 million for OneLink Communications, Puerto Rico’s No. 1 provider of cable TV and high-speed Internet.

Jean-Michel Basquiat’s 1982 acrylic and oil-stick work Warrior sold for $8.7 million at a Sotheby’s auction in London.

• David Rubenstein, co-founder of the Carlyle Group, paid $2.1 million for a rare copy of President Abraham Lincoln’s Emancipation Proclamation at a New York auction.


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