Entries tagged "Nokia Siemens Networks"
Privately held Avaya, which bought Nortel's European enterprise unit, also put in the stalking-horse bid for the bankrupt company's North American enterprise business.
The distressed investing buyout shop is gathering a consortium to bid against Nokia for Nortel's assets.
Jan. 6, 1976: Media mogul and obnoxious yachtsman Ted Turner buys the then-hapless Atlanta Braves for about $12 million. The acquisition gives Turner something else to show on his television station and nascent satellite broadcasting service. Turner, along with George Steinbrenner who had purchased the New York Yankees three years earlier, typified a new breed of baseball owner—the rich jerk. But, as Steinbrenner had done with the Yankees, Turner transformed the Braves into a winner. While the team has won just a single World Series championship since 1976, its streak of 14 division titles—extended in 2005—is unprecedented. And Turner couldn’t...
