$18.7 Billion Private Buyout Of Clear Channel Announced

It only took Clear Channel three weeks to accept the third-largest buyout offer ever in the U.S., after announcing in late October that it was considering “strategic alternatives.” The nation’s biggest radio station operator agreed to an $18.7 billion offer from Thomas H. Lee Partners LLC and Bain Capital Partners LLC. Clear Channel owns or operates 1,150 radio stations and is the largest operator of radio stations...

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Will Sony Ericsson Release A Walkman Based “RAZR” In 2007?

Hot on the heels of the latest Apple iPhone rumor, Sony Ericsson, the world’s fourth-largest handset maker, plans to launch an ultra-slim, high-end Walkman camera phone in early 2007 to take on Motorola’s blockbuster RAZR according to industry sources. The RAZR’s huge success inspired Samsung Electronics Co. Ltd. to launch a copycat line of slim phones in the summer, which helped boost the South Korean firm’s...

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