Wednesday, October 31, 2012, 8:37 AM
Spectra Energy (SE) agrees to acquire a one-third interest in the Sand Hills and Southern Hills pipelines now under construction by DCP Midstream (DCM). SE, Phillips 66 (PSX) and DCM each would own a one-third interest in the pipelines and will equally fund the remaining capital expenditures through completion. SE's total investment in the two projects is expected at $700M-$800M.
Monday, May 14, 2012, 2:32 PM
NTT DoCoMo's (DCM) German subsidiary is spending $300M to acquire Buongiorno, an Italian mobile content provider that posted 2011 sales of $295M. Buongiorno, whose offerings include games, ringtones, and mobile payment services, claims its products are used by ~2B customers in 57 countries. DoCoMo has tried hard to gain a following for its i-mode mobile data platform in Europe, but with only modest success.