Term Sheet

The latest on private equity, M&A, deals and movements — from Wall Street to Silicon Valley

Mergers & acquisitions

March 27, 2013: 10:05 AM ET

Credit Suisse has agreed to acquire Morgan Stanley's wealth management unit in Europe, the Middle East and Africa. No financial terms were disclosed. The business manages around $13 billion in assets. www.credit-suisse.com

Microsoft
(Nasdaq: MSFT) is in talks to sell its IP television unit to Ericsson, according to Bloomberg. www.microsoft.com

Serena & Lily, a Sausalito, Calif.-based lifestyle brand for the home, has raised $10 million in new funding from ORIX Ventures. www.serenaandlily.com

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About This Author
Dan Primack
Dan Primack
Senior Editor, Fortune

Dan Primack joined Fortune.com in September 2010 to cover deals and dealmakers, from Wall Street to Sand Hill Road. Previously, Dan was an editor-at-large with Thomson Reuters, where he launched both peHUB.com and the peHUB Wire email service. In a past journalistic life, Dan ran a community paper in Roxbury, Massachusetts. He currently lives just outside of Boston.

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