February 3, 2005

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Tower Reaches New DIP Heights

Filings: Auto parts maker Tower Automotive files for Chapter 11 and gets a $750 million debtor-in-possession financing. (Read More…)

SourceOne Could Go on the Block

Private Equity: Two sources say Platinum Equity is exploring exit options for the portfolio company, but Platinum denies plans for a sale. (Read More…)

Blockbuster–Hollywood Plot Thickens

Hostile Takeover: Top movie rental company Blockbuster launches a $1.3 billion hostile bid for Hollywood Entertainment, trying to bust up its deal with Movie Gallery. (Read More…)

Take-Two Strikes MLB Deal

Deals: The video game company announces a deal that will make Take-Two the only independent gamemaker to hold a Major League Baseball license. (Read More…)

Xstrata Ups Bid for Miner WMC

Deals: The Australian mining group did not issue a formal response to the $6.5 billion offer and is expected to seek rival bidders. (Read More…)

Monster Hopes to Gobble up China

Deals: The job search Web site operator acquires a 40% stake in the owner of online recruitment site ChinaHR.com for $50 million. (Read More…)

PE Firms Cash in with Worldspan Recap

Private Equity: Citigroup Venture Capital and Teachers’ Merchant Bank will recoup their $320 million investment in the travel transaction processor. (Read More…)

Warburg Nets 500% Return

Private Equity: Sixty-two million shares of Bhartis, the private Indian telecom, go for $300 million. (Read More…)