AXA In Talks To Sell Arkadin Stake To Japan's NTT

Law360, New York (August 5, 2013, 1:39 PM EDT) -- AXA Private Equity has entered exclusive negotiations with Japan's NTT Communications Co. over the sale of its controlling stake in French Web conferencing firm Arkadin SA, it said Monday, staging an exit from its investment about a year after buying into the company.

The parties did not name a purchase price fro AXA's 91.2 percent stake. Arkadin, founded more than a decade ago, offers one of Europe's top video-conferencing services and has driven its yearly revenues past $200 million.

In the prospective deal, Arkadin's management team...
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