Newspaper wrap-up: NBC, British private equity firm expected to buy German games site

Posted Jun 9th 2008 8:10AM by Laurie Pasternack
Filed under: Newspapers, Magazines, General Electric (GE), Verizon Communications (VZ), Barclays plc ADS (BCS), JetBlue Airways (JBLU), Lehman Br Holdings (LEH)

MAJOR PAPERS:

The LiveTV unit of JetBlue Airways Corporation (NASDAQ: JBLU) is buying Verizon Communications Inc's (NYSE: VZ) Airfone network, the Wall Street Journal reported.
As Lehman Brothers Holdings Inc (NYSE: LEH) is about to report a second quarter loss of about $2B, the firm is closing in on raising over $5B in new capital, the Wall Street Journal reported. Once source of Lehman's new funding is reportedly the New Jersey Division of Investment.
The Financial Times reported that General Electric Company's (NYSE: GE) NBC Universal and British private equity firm GMT Communications Partners are expected to soon acquire Bigpoint, a German-based computer games website.

OTHER PAPERS:

According to the Independent, the credit crunch has cost the jobs of about 100 bankers at Barclays Plc (NYSE: BCS). The bank cut about 20 individuals on the leveraged finance team and will reportedly cut 80 more in investment banking and IT support.

Tags: Airfone, Barclays, BCS, Bigpoint, GE, General electric, GeneralElectric, GMTComm, JBLU, jetblue, jetblue airways, JetblueAirways, LEH, Lehman, lehman brothers, lehman brothers hold..., LehmanBrothers, LehmanBrothersHold..., LiveTV, NBC, NBC Universal, NbcUniversal, Verizon Communications, VerizonCommunications, VZ

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