Bid & Ask: The Deals of the Week

Noteworthy expenditures of the week

Bid & Ask: The Deals of the Week
Verizon Wireless snaps up wireless spectrum; ITC doubles its high-voltage power-line network; luxury clothing brand Michael Kors plans an IPO; and more

1. U.S. mobile-phone carrier Verizon Wireless will purchase wireless spectrum from three cable companies for $3.6 billion. Comcast will net the biggest payment: $2.3 billion.

2. SAP agreed to pay $3.4 billion for SuccessFactors, a maker of employee performance management software, stepping up competition with archrival Oracle in the cloud-computing market.

3. Polish copper producer KGHM Polska Miedź is buying Canada’s Quadra FNX Mining for about $2.8 billion to add mines in the U.S. and Chile.

4. Warren Buffett’s MidAmerican Energy Holdings utility will pay First Solar $2 billion for its Topaz Solar Farm project, which will be one of the world’s largest photovoltaic power plants.

5. ITC Holdings will acquire Entergy’s high-voltage power-line business for $1.8 billion in assumed debt, doubling its network to become one of the largest U.S. owners of transmission lines.

6. Luxury brand Michael Kors Holdings aims to raise as much as $792 million from an initial public offering on the New York Stock Exchange.

7. Heineken, the world’s No. 3 brewer, will become one of Britain’s biggest pub owners when it buys 918 pubs it already manages for Royal Bank of Scotland in a $646 million deal.

8. Delta Air Lines will pay $100 million for a minority stake in Gol Linhas Aéreas Inteligentes, Brazil’s No. 2 airline by market value. This is Delta’s second investment in a foreign carrier this year.

9. Wisconsin’s Green Bay Packers football team, the only publicly owned franchise in U.S. sports, kicked off a share sale, aiming to raise $62.5 million to help fund a stadium renovation.

10. A Panavision PSR 35mm camera used to film 1977’s Star Wars: Episode IV—A New Hope fetched $624,000 at a Beverly Hills auction, more than three times its pre-sale estimate.

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