PRESS DIGEST- British Business - Jan 19
Jan 19 - The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy.
One of Asia's richest men is in talks to buy O2, Britain's second-largest mobile phone operator, for as much as 9 billion pounds ($13.63 billion). City sources said Telefonica SA , which bought O2 a decade ago, was in early stage discussions with Three's owner, Hutchison Whampoa, controlled by the Hong Kong tycoon Li Ka-shing. (thetim.es/1ISmhoR)
Mclaren is looking to raise 300 million pounds from new investors, with two-thirds of the cash earmarked for an overhaul of the shareholder structure. Ron Dennis said about 200 million pounds would be returned to McLaren Technology's existing investors. (thetim.es/1yzR3jm)