VENTURE CAPITAL POST

In an article on Reuters, two unidentified sources were cited saying that ThyssenKrupp is set to divest its US steel plant and expects to obtain around USD1.5 billion from its asset sale.

A major trend reversal was observed in private equity investing and foreign investing by local firms in India. Venture Intelligence's recent data noted that investment by private equity and strategic investors in Indian assets surpassed amount spent by local firms to invest abroad.

Sources who were familiar with the deal said the government of Turkey and the regional government of Iraqi Kurdistan inked a deal that would allow building of new infrastructure and cooperation in existing oil and gas resources to turn the latter into an oil and gas powerhouse.

In a bid to ensure the user security of in its platform, popular Bitcoin trading exchange Mt Gox announced today that it is implementing a new one-time password card system.

New music-focused messaging app for the iPhone PingTune was able to raise GBP1 million or USD1.6 million from seed investors Rupert Hambro of JO Hambro and serial entrepreneur Dominic Perks.

23 year-old Jacob Cook's open-source project Ark OS was able to get USD45,189 in backing from 859 investors to develop a full-scale Google Reader alternative.

A statement by investment firm Vasari said its chairman, Vivian Imerman, has shown interest in acquiring Whyte & Mackay should Diageo chose to divest them in order to comply with competition concerns.

A Bloomberg recounted how the Federal Trade Commission's decision to approve the USD2.3 billion buyout deal by Hertz Global Holdings Inc of Dollar Thrifty Automotive Group Inc was a mistake.

Bloomberg obtained information from two sources who were aware of the plans by the Basel Committee on Banking Supervision to sign drafts regarding capital requirements on banks worldwide who holds securitizations.

Shareholders will be casting their votes on December 4 on the two-step deal that would see Bakrie family of Indonesia exiting from coal producer Bumi Plc.

Westports Holdings Bhd founder and Chairman G. Gnanalingam said his company is looking to partner with strategic investors to expand the capacity of Port Klang in Malaysia.

New York-based auction house Sotheby's is gearing up for its first commercial sale in China with USD212 million worth of artwork consisting of western and Chinese paintings, jewelry and furniture by Picasso, Rembrandt and Zao Wou-Ki.

In an interview with Bloomberg TV India, billionaire Anil Agarwal expressed his disappointment about the outcome of his INR500 billion or USD8 billion investment in his aluminum business, and even commented that doing business in India is more difficult than elsewhere.

Both Archer-Daniels-Midland Co. and GrainCorp Ltd expressed their disappointment over the ruling of Australian Treasurer Joe Hockey regarding the US corn processor's takeover of one of the largest crop handlers in Australia.

On Thursday, Versace company president and former chief executive officer Santo Versace said there is a possibility of the Italian house to have a buyer of its 20% ownership stake by Christmas. Versace also revealed potential plans for an IPO in the future.