Struggling high tech firm Blackberry has agreed to a three point five billion Euro buyout. The offer is coming from a consortium led by Canadian firm Fairfax Financial Holdings, already Blackberry's biggest shareholder.
In line with an announcement made earlier this month, Italy's troubled carrier Alitalia is starting a full-scale tender process in the hope of finding a suitable buyer. The airline filed for insolvency in May.
Crisis-stricken German airline Air Berlin is seeking protection from its creditors after running out of cash to stay solvent. But the airline says it wants to remain in operation following a government bailout.
Electronics giant Samsung has announced it's buying US auto tech company Harman. The move is intended to speed up the South Koreans' entry into the growing market for technology needed for connected cars.
Alitalia workers have rejected a management restructuring plan to cut jobs and salaries, betting that the government will be asked to step in to save the loss-making Italian airline with an alternative plan.
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