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October 01, 2009 |

New Deals

Russian billionaire Mikhail D. Prokhorov has agreed to pump $200 million into the controversial Atlantic Yards project in Brooklyn in return for an 80 percent stake in the New Jersey Nets and a 45 percent share of the arena where the team would play once it moves to Brooklyn. Also, Xerox has reached a $6.4 billion agreement to acquire outsourcing company Affiliated Computer Services, expanding its presence in the growing consulting and outsourcing markets. Xerox will pay $63.11 a share in cash and stock for the company and assume $2 billion of ACS debt, making this the imaging giant's largest acquisition in its 103-year history.
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