As expected, P-E firms Silver Lake and Warburg Pincus buy Interactive Data Corp. (IDC) for $3.4B, netting Pearson (PSO) $2B for its 61% controlling stake. The deal is one of the largest leveraged buyouts since the credit crisis began. (PR)
Private-equity firms Warburg Pincus and Silver Lake Partners are reportedly close to a deal to buy Interactive Data Corp. (IDC) for around $3.1B. A deal could be announced as soon as today. (previously)
Interactive Data Corp. (IDC) up 12.3% as it confirms it's looking at potential buyers. The data provider, 61% owned by Pearson (PSO +1%), could go to a business like McGraw-Hill (MHP) or Thomson Reuters (TRI), though Bloomberg has said it's not looking at IDC.
: $AAPL was 3rd in US shipments growing 4% to represent 12% of overall sales.
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