Stake | featured news

Vodafone said Indian officials sent another notice that it owes more than $2 billion in taxes on the 2007 purchase of a stake in an Indian telecommunications company.

Delta Air Lines said it will buy almost half of Virgin Atlantic for $360 million as it seeks a bigger share of the lucrative New York-to-London travel market. Delta plans to form a joint venture with Virgin Atlantic, where the two airlines would share money from the flights operated under the partnership. In order to coordinate the schedules of the two airlines, they’ll need antitrust approval from U.S. and European regulators. Landing rights at London’s Heathrow Airport are limited.

Japanese mobile operator Softbank Corp is near a $20 billion deal to acquire control of U.S. carrier Sprint Nextel Corp, sources familiar with the matter said, as the firm led by billionaire Masayoshi Son seeks a foothold in the U.S. market.

Washington Post is buying a major stake in home health-care and hospice-services company Celtic Healthcare, branching out beyond its core media and education businesses.

Heineken agrees to buy Fraser and Neave's controlling stake in the maker of Tiger beer in a deal worth 5.6bn Singapore dollars (US$4.5bn, £2.8bn).

Porsche has rejected Volkswagen AG's bid to take a 49% stake in the sports carmaker, a company spokesman said Monday.