Group says major companies involved in tax scheme
CHICAGO -- A Chicago-area transportation agency on Wednesday alleged that some of the nation's largest and best known companies including AT&T, Sears Holdings Corp., Verizon and Target are running "sham" offices as part of a scheme with two small northern Illinois communities to avoid paying millions of dollars in taxes in Chicago and Cook County....
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Liberty’s Virgin Deal Sets Up Media Clash Between Malone and Murdoch
Liberty Global’s $16 billion deal to buy British cable group Virgin Media will create one of the largest broadband companies in the world, and will pit Liberty mogul John Malone in a clash of the media titans against longtime rival Rupert Murdoch and his News Corp. conglomerate. The deal is further evidence that the media and tech mergers and acquisitions market is revving up to levels not seen since the financial crisis. Earlier this week computer giant Dell announced plans to go private in a $24.4 billion deal. Virgin Media is the number two pay-TV company in the U.K. behind BSkyB, which is majority controlled by News Corp., so the merger instantly pits Malone against Murdoch in the European media market. The Financial Times was first to report news of the impending deal, which is worth a total of $23 billion including debt. Virgin Group’s Richard Branson, the colorful billionaire impressario, stands to make about $316 million from the Liberty takeover. Liberty Global already ...
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