Mergers and Acquisitions Recap: Goldman Sachs and Nokia CHATTER

Goldman Sachs (NYSE:GS) is said to be in advanced talks to divest its hedge fund administration unit to State Street (NYSE:STT). If true, such a transaction would create a giant of an administration services provider, with a value near $700 billion.

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In a move to persuade the European Commission to approve its acquisition of Goodrich Corporation (NYSE:GR), United Technologies (NYSE:UTX) is offering to sell (so far unnamed) assets, according to Reuters. If allowed, the proposed acquisition would have a value of $16.5 billion; the EU, however, is worried about competition in the markets for AC power generators, fuel nozzles, aftermarket services, and engine controls if the deal goes forward.

The New York Times is standing by its report that Comcast (NASDAQ:CMCSA) is toying with the idea of an offer for British Sky Broadcasting (BSYBY.PK). A spokesperson for Comcast says of the story, “This is complete rubbish, speculation, and inaccurate”… which means that it’s probably true.

Samsung (SSNLF.PK) puts the kabosh on chatter that it’s mulling the acquisition of the distressed mobile major Nokia (NYSE:NOK), and shares of the latter plummet. It might be correct to assume that Samsung would benefit from Nokia’s brand, production expertise, and intellectual property, but merging the two giants would entail would be problematic, to wallow in understatement, plus the fact that regulators might well object.

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