Cowboy Ventures, named after her son, received $40 million to focus on seed stage investment.
Ownership of the venture, named LG-Nortel Networks, will be 50-50, but Nortel will take one extra share.
The new venture, named "MetroFocus," is envisioned as a half-hour television show and, eventually, a mobile application as well.
BuzzFeed and CNN have announced today that they will be launching a joint video venture named "CNN BuzzFeed" on YouTube.
The new venture, named Softbank Emerging Markets, will provide seed capital to entrepreneurs building Internet businesses in poor countries.
Each partner is to own 50percentt of the joint venture, named the Custom Media Group, which is to be announced formally today.
The joint venture, named the Blue Diamond Truck Company, will begin building the trucks late next year at Navistar's plant in Escobedo, Mexico.
The missile activities of Matra and British Aerospace (later BAE Systems) were combined in 1996 in a 50-50 joint venture named Matra BAe Dynamics.
For instance, in 2006 WPP formed a joint venture named Team Detroit by combining five agencies that worked for the Ford Motor Company in North America.
The Sorrell venture, named WPP, soared with a string of audacious American acquisitions, including J. Walter Thompson in 1987 and Ogilvy & Mather in 1989.
In 1967 the Paris-based International Edition of The New York Times was merged with The Herald Tribune's Paris edition to create a three-way joint venture named The International Herald Tribune.
