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BP taps Ericsson's Carl-Henric Svanberg (from Corporate Dealmaker)

Surprising onlookers, and what The Associated Press calls a move that caught the financial district off guard, BP plc (NYSE:BP) named Sony Ericsson's Carl-Henric Svanberg (pictured) as its chairman. BP has been looking for a new one for about two years now.Former Rio Tinto plc (NYSE:RTP) chairman Paul Skinner was...

Posted on June 25, 2009 12:58 PM

Sony-Ericsson needs financing, Svanberg to oblige? (from Corporate Dealmaker)

Ericsson AB's (NASDAQ:ERIC) president and CEO Carl-Henric Svanberg may need to make good on comments he made in April. The Swedish firm's JV with Japan's Sony Corp. (NYSE:SNE), Sony Ericsson Mobile Communications Ltd., says it will need €100 million ($136 million) by March.A Sony spokeswoman told Reuters that details...

Posted on May 19, 2009 11:55 AM

Cisco joins Clearwire WiMax effort (from Corporate Dealmaker)

Cisco Systems Inc. (NASDAQ:CSCO) is making good use of an old acquisition. In 2007, Cisco acquired WiMax technology developer Navini Networks Inc. for about $330 million. It's a transaction that helped lay the technological foundation for the company's deal announced Wednesday to be the core infrastructure supplier for Clearwire...

Posted on May 13, 2009 2:03 PM

When JVs hurt (from Corporate Dealmaker)

Joint ventures are a great way to scale up business and enter new markets without the major regulatory hassle acquisitions face, but as with any investment, there are risks.Sweden's Ericsson AB (NASDAQ:ERIC), the world's No. 1 in mobile equipment making, got a taste of that when it reported quarterly earnings...

Posted on May 1, 2009 10:14 AM