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Deutsche Telekom has sold T-Mobile USA to rival AT&T for $39bn (£24bn), creating the largest US wireless network.

The deal sent Deutsche Telekom’s shares to their biggest daily gain yet, and gives AT&T about 43% of the US mobile market.

The deal still needs approval from regulators.

It also gives the German telecoms giant the cash to buy backs shares and pay dividends.

Shares in Deutsche Telekom initially gained 16.3%, before slipping back to 10.79 euros a share – a 12.6% rise.

Deutsche Telekom said it would pay 3.4bn euros ($4.8bn; £3bn) in dividends between 2010 and 2012, pay down debt and spend 5bn euros on share buybacks in the three years after the deal.

AT&T will pay $25bn in cash and the rest in stock, while Deutsche Telekom will retain an 8% stake in the US carrier.

The deal means that AT&T is effectively about spending more than $1,000 per T-Mobile customer to overtake the industry leader Verizon Wireless.

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Man, this is what i call a perfect trailer. Absolutely awesome. Black Swan is a thriller flick which revolves around a dancer “Nina”  and her rival “lily”.

The movie goes around the rivalry that exist between the two dancers on who to be casted for the new season. The director however wanted a person who suites both the role of White Swan with innocence and grace, and the Black Swan, who represents guile and sensuality. Though nina fits into this role, she gets a  new competition from Lily who is an another dancer.

Nina decides to be friends with lily but later finds out the horror within lily that could lead her to destruction.

The movie release date is  1 dec 2010.

I have uploaded the trailer for you.

Twilight tops box office!

Vampires and werewolves ruled at the box office this Fourth of July weekend, with Summit Entertainment’s third installment of “The Twilight Saga” taking in $161.7 million since opening Wednesday.

That’s one of the biggest five-day debuts in Hollywood history, previously surpassed by just a handful of films including “The Dark Knight” and last summer’s sequel to “Transformers.”

After Monday, “Eclipse” is expected to gross around $181 million for the six-day holiday total.

The teen vampire franchise has pulled in major profits for its studio, Summit. A small independent studio in Hollywood, Summit spent just $68 million making “Eclipse,” far less than what many rival studios spend on summer blockbusters, which can cost as much as $150 million or $200 million.

“Eclipse” also helped boost the summer box office, which has trailed behind last year’s record-shattering revenue after a series of movies opened tepidly or flopped at the box office. Still, even with “Eclipse’s” performance, attendance continues to be down nearly 7% compared with last summer and revenue stands slightly lower, too.

Paramount Pictures’ “The Last Airbender,” a 3-D live-action adaptation based on a popular Nickelodeon cartoon, took the second spot at the box office this weekend, grossing $53.2 million since opening Thursday.

That figure stands in line with expectations after the film received poor reviews, but the movie has a long way to go before Paramount can recoup the roughly $150 million it spent on the movie, which the studio also paid to convert into 3-D earlier this year.

The film is, however, estimated to take in more than $70 million after Monday, significantly upping its total.

Source : WSJ.com.

Sachin Tendulkar has been named Master Blaster, Little Master, Legend by whole of cricket world. Right from ICC, Legends like  Sir Don Bradman,  rival players everyone a huge fan  of  Sachin .

But apart from these, Sachin has been called a kind hearted guy and named Gentleman.

Why do we call  Indian Cricketer and  legend Sachin Tendulkar a Gentleman.

Well Here is a small example to it