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Tesla Motors Inc and SolarCity Corp have made progress in putting together a deal that will merge the electric car maker and the solar panel installer, people familiar with the matter said. The two companies, which count billionaire Elon Musk as a major shareholder, are in the final stages of carrying out due diligence on each other, and could agree on the terms of a deal in the coming days, though it is still possible that their negotiations end unsuccessfully, the people said on Saturday. It could not be learned whether SolarCity would be successful in including a go-shop provision in a merger agreement with Tesla that would allow it to continue to solicit bids from other potential buyers for a short period of time.
Robbie Keane and Gyasi Zardes scored early goals and the Los Angeles Galaxy ended the Timbers' nine-match unbeaten streak with a 2-1 Major League Soccer victory in Portland. Zarek Valentin scored for reigning MLS Cup champions Portland, who lost veteran defender Nat Borchers to what looked like a left ankle injury in the first half.