Newspaper wrap-up: Bank of America invests in Countrywide

MAJOR PAPERS:

Bank of America Corporation (NYSE: BAC) is making a $2 billion equity investment in Countrywide Financial Corporation (NYSE: CFC), people familiar with the situation told the Wall Street Journal (subscription required).
Ticket seller Ticketmaster, which is owned by IAC/InterActiveCorp (NASDAQ: IACI), has halted talks with concert promoter Live Nation Inc (NYSE: LYV), failing to reach a new, long-term agreement. The talks have "grown acrimonious" over the last year and a half, say people close to the situation, with Live Nation CEO Michael Rapino threatening to start his own ticketing company rather than renewing with Ticketmaster, according to the Wall Street Journal.
Home Depot Inc's (NYSE: HD) sale of its wholesale supply division to a group of private equity firms is in doubt, due to uncertainty about the willingness of three investment banks to fund the deal, reported the Financial Times (subscription required).
The Financial Times reported that Motorola Inc (NYSE: MOT) lost more than 7% of market share in the handset market in Q2, according to new figures.

OTHER PAPERS:

Private equity firm Kohlberg Kravis Roberts has reportedly postponed its $1.25B initial public offering, after investors showed little interest in the IPO, reported the U.K. Times.

Tags: bac, bank of america, BankOfAmerica, cfc, countrywide, financial times, FinancialTimes, ft, hd, home depot, HomeDepot, iaci, interactive corp, InteractiveCorp, kkr, kohlberg kravis roberts, KohlbergKravisRoberts, live nation, LiveNation, london times, LondonTimes, lyv, mot, motorola, newspaper, paper, periodical, uk times, UkTimes, wall street journal, WallStreetJournal, wsj

8-28-2007 @ 1:51PM

Speculation from major news sources shows that Warren Buffett will buy Countrywide!

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