These are carried at book value of 13 billion baht, but will be re-valued post transaction to 69 billion baht.

FORBES: Even Billionaires Do Dumb Deals

Post-transaction, SoftBank will own approximately 70% and Sprint equity holders will own approximately 30% of New Sprint shares on a fully-diluted basis.

ENGADGET: Softbank confirms 70 percent Sprint acquisition for $20.1 billion

The boards of directors of each company and shareholders of The Huffington Post have approved the transaction, but the proposed transaction is subject to customary closing conditions, including receipt of government approvals, the two groups said.

CNN: AOL agrees to purchase Huffington Post for $315 million

The Dealmap, which announced the transaction Monday in a blog post, launched service in May 2010.

FORBES: Google Buys The Dealmap

"As part of the transaction, Arianna Huffington, The Huffington Post's co-founder and editor-in-chief, will be named president and editor-in-chief of The Huffington Post Media Group, which will include all Huffington Post and AOL content, " the statement said.

CNN: AOL agrees to purchase Huffington Post for $315 million

Lord Turner has once again tried to put a sizeable bomb under the economic orthodoxy that has determined government and regulatory policies towards banks ( as I noted in my post this morning, a couple of years ago he suggested that a financial transaction tax might be a decent idea, and argued that some financial innovation and trading might well be "socially useless").

BBC: Bank lending 'should be controlled'

As an investor who likes the Facebook story, I would prefer Facebook to post another quarter in order to reverse its margin compression and to prove its ability to leverage the Instagram transaction into a revenue-generating mobile strategy.

FORBES: Facebook IPO: Seriously, Why Now???