Business news with words approved+deal+purchase. 19 news.

Harrah's Entertainment Inc. has tentatively cleared the last remaining regulatory hurdle to the largest casino buyout ever. Harrah's said Monday that the National Indian Gaming Commission has approved the company's $17.7 billion purchase by private equity buyers Apollo Management and Texas Pacific Group, pending final commission review. The conditional approval means Harrah's can go forward with the deal, which is expected to close in early 2008. Harrah's and the buyers received the go-ahead for the deal last week from the Nevada Gaming Commission, capping a 10-week campaign to obtain approvals from state gambling regulators in eight states, including Iowa and Missouri. Indian Gaming Commission approval is needed because Harrah's operates several tribal casinos as well. Harrah's used to manage a casino north of Topeka before the Prairie Band Potawatomi tribe took over operations in July. Harrah's, which had nearly $10 billion in revenue last year, operates more than 50 casinos including Caesars Palace and the Imperial Palace in Las Vegas and Bally's in Atlantic City.

WASHINGTON–The U.S. Federal Trade Commission has approved Google's $3.1 billion purchase of DoubleClick, saying the much-criticized deal did not threaten competition in Internet advertising.

Antitrust regulators approved Google Inc.'s $3.1 billion purchase of DoubleClick Inc., clearing the way for a formidable combination in...

U.S. antitrust regulators approved Google Inc.'s $3.1 billion purchase of DoubleClick Inc. Thursday, removing a key obstacle to a formidable combination in the burgeoning online advertising sector.

U.S. antitrust regulators approved Google Inc.'s $3.1 billion purchase of DoubleClick Inc. Thursday, removing a key obstacle to a formidable combination in the burgeoning online advertising sector. The transaction still faces substantial antitrust...

Antitrust regulators approved Google’s $3.1 billion purchase of DoubleClick, clearing the way for a formidable combination in the burgeoning online advertising sector. Microsoft and AT&T have lobbied heavily against the deal, but the Federal Trade Commission gave it the go-ahead Thursday. The transaction still faces substantial antitrust scrutiny in Europe, and Google has said that it won’t [...]

U.S. antitrust regulators approved Google Inc.'s $3.1 billion purchase of DoubleClick Inc., clearing the way for a formidable combination in the burgeoning online advertising sector.

RUPERT Murdoch may take until the end of 2010 to show he was right to pay US$5.2 billion for Dow Jones & Co., whose shareholders probably were to approve the takeover yesterday. By that time, Murdoch's News Corp should be able to double Dow Jones's pretax cash flow to US$600 million, giving it a 12-percent return on the purchase, said Larry Haverty, a fund manager at New York's Gamco Investors Inc, Bloomberg News reported. Dow Jones may start adding to News Corp's profit in 2009 following investments next year, said Laura Martin, an analyst at Soleil Securities in San Marino, California. "It's not a quick strategy," said Haverty, who helps manage Gamco's US$30 billion in assets, including US$308.1 million of News Corp shares as of September 30. "Where he's going, we're very comfortable with it. It's just going to take three years." More than 50 percent of shareholders approved the deal ahead of the meeting, the Wall Street Journal reported on Wednesday. The

(Reuters) -- U.S. antitrust authorities have approved mobile telephone maker Nokia's purchase of Chicago-based digital map maker Navteq Corp., the Federal Trade Commission said on Thursday. The approval was announced in a list of deals that have been okayed by antitrust authorities that is put ...

(Crain's) -- Printing management company InnerWorkings Inc. said Tuesday it will buy a promotional products distributor. Chicago-based InnerWorkings has an agreement to purchase Corporate Edge Inc. of New York. Terms of the deal were not disclosed except to say that the sale, approved by the ...

SAN FRANCISCO (MarketWatch) -- Pathmark Stores Inc. said Thursday that its shareholders approved the proposed purchase of a wholly owned subsidiary of Great Atlantic & Pacific Tea Company Inc., known as A&P. Under the deal, Pathmark stockholders will receive $9 in cash and 0.12963 shares of A&P common stock in exchange for each Pathmark share. The Carteret, N.J.-based supermarket chain expects the deal to close by the end of December.

The D.C. Council unanimously approved a final agreement yesterday to spend $79 million to help a for-profit company purchase the troubled Greater Southeast Community Hospital, despite a warning from the city's chief financial officer that the buyer is financially unstable.

Carlyle Group, facing increased scrutiny of its $6.3 billion purchase of Manor Care, took the unusual step of sending letters to state regulators pledging to provide adequate staffing to the nursing-home chain, The Washington Post reported. The Service Employees International Union has been holding protests over the proposed deal, which shareholders approved last week, contending [...]

Antitrust experts predict that Google’s purchase of advertising company DoubleClick for $3.1 billion will be approved by regulators despite vehement opposition from competitors Microsoft and Yahoo, Reuters reported. While Google’s rivals argue that the merger poses antitrust and privacy concerns, experts say advertising remains a big market and Internet advertising is wide open for new entrants. [...]

European Union antitrust regulators on Wednesday approved the purchase of Canadian aluminum company Alcan Inc. by global mining giant Rio Tinto, saying the deal would not hinder competition in the European market.

Google Inc. tried to assure senators Thursday that its planned US$3.1 billion purchase of online advertising company DoubleClick Inc. posed no threat to privacy or competition and that consumers would benefit if regulators approved it. But rival Microsoft Corp. countered that the future of the Internet was at stake, arguing that the deal should be stopped before Google could amass andquot;the largest database of user information the world has ever known.andquot;

DEUTSCHE Telekom AG agreed to buy the Dutch wireless and Internet unit of France Telecom SA yesterday for 1.33 billion euros (US$1.9 billion) including debt to gain 2.1 million clients. The cash purchase by Deutsche Telekom, Europe's biggest phone company, may be closed as soon as October 1. Approvals have been obtained, including authorization from the European Commission, France Telecom said in a statement yesterday. Savings after restructuring costs will reach 1 billion euros, Bonn-based Deutsche Telekom said in a separate statement. The purchase is the second for the Deutsche Telekom's T-Mobile division since Rene Obermann became chief executive officer in November. Deutsche Telekom this month agreed to buy SunCom Wireless Holdings Inc in the United States for US$1.6 billion. The Dutch purchase will allow Deutsche Telekom to leapfrog Vodafone Group Plc to become the second biggest mobile-phone company in the Netherlands. France Telecom, the largest French phone company, said in December its Dutch mobile unit, Orange Netherlands, was too small. Orange had 11.9 percent of the Dutch wireless market at the end of 2006, compared with 15 percent for T-Mobile and 22.4 percent for Newbury, England-based Vodafone, according to Credit Suisse Group estimates. Royal KPN NV, the largest Dutch phone company, led with 50.7 percent. Deutsche Telekom made its offer for Orange Netherlands in June, and has since been awaiting the outcome of discussions with the Dutch company's workers' council. European regulators approved the deal August 20. Also in June, France Telecom agreed to buy Deutsche Telekom's Ya.com Spanish Web operations to focus on faster-growing wireless markets such as Egypt and Romania. Obermann is relying on an expansion of T-Mobile, which accounts for half of the former monopoly's sales, to make up for a four-year slump in fixed-line phone revenue in Germany. Deutsche Telekom expects the purchase will lead to savings of about 1 billion euros, "with around half of this being generated in the first six years, in particular from network integration and reduced marketing expenses," Deutsche Telekom said in its statement.

SAN FRANCISCO (MarketWatch) -- Champps Entertainment Inc. said Friday its shareholders have approved the proposed $74.8 million purchase of the company by F&H Acquisition. The Englewood, Colo.-based operator of Champps Americana restaurants and franchises said the deal is expected to be completed on or before Oct. 22.

SAN FRANCISCO (MarketWatch) -- A.G. Edwards Inc. said Friday its shareholders have approved the proposed $6.8 billion acquisition of the company by Wachovia Corp. The deal, which will create the U.S.' second-largest retailer brokerage, is expected to close on or about Oct. 1.