Bain Capital and Hellman & Friedman said they would purchase much of Lehman Brothers’ money management business, including its Neuberger Berman asset management unit, for $2.15 billion.

As rank-and-file employees confronted an uncertain future, top executives huddled in all-day meetings and braced for takeover bids, expected by Saturday afternoon.

NBC confirmed on Friday, hours after Time Warner withdrew its bid, that it was in exclusive negotiations to buy the Weather Channel.

An investor group led by NBC Universal and two private equity firms appeared to be leading the bidding for the Weather Channel.

An investor group led by NBC Universal and two private equity firms appeared to be leading the bidding for the Weather Channel.

Clear Channel agreed to a revised $17.9 billion takeover by two private equity firms after settling a long and often acrimonious dispute with the six banks that agreed to finance the deal.

After a year of trouble and courtroom battles, two prive equity firms looking to buy Clear Channel were close to settling with the banks financing the deal.

The rejection by Bain Capital and THL Partners was the latest twist in one of the most prominent disputes since leveraged buyouts began collapsing last fall.