Canada-based digital media firm Aimia Inc is purchasing a minority stake in Malaysia-based firm Think Big Digital Sdn Bhd, the owner and operator of AirAsia-Tune Group's loyalty program.
Archives
San Diego-based Origo Ventures receives $1M CORFO grant
San Diego-based venture capital fund Origo Ventures secured a grant worth $1 million from the investment arm of the Chilean government called CORFO. Proceeds will be used to invest in promising startups in Chile.
Private equity group 3i completes $48M of exits in last quarter of 2013
Private equity group 3i said it was able to close exits worth £29 million or $48 million in the final quarter of last year, bringing its overall proceeds for the year to £557 million, Reuters reported.
Greece's National Bank intends to sell private equity business-sources
Three banking sources told Reuters that Greece's National Bank has plans to divest its London-based private equity arm NBGI in order to increase its capital.
Oracle's Ellison eases concerns about possible NSA access on firm's cloud computing clients
Chief Executive Officer Larry Ellison eased worries that the private information of Oracle's cloud computing clients could be accessed by the National Security Agency, Reuters reported.
Latest News
Female focused Australian angel investor network, Scale, has invested $655,000 in Paloma Mobile. This is the first investment of the angel network founded by women, Business Insider Australia reported.
Ireland-based food and agribusiness group Origin Enterprises completed the purchase of a 60% stake in Ukraine-based firm Agroscope in a deal valued at $17.6 million (€12.7 million).
Venture capitalists in Silicon Valley are more upbeat in the future of the high-growth entrepreneurial environment, according to a new study done by Professor Mark Cannice of the University of San Francisco School of Management.
Baar, Switzerland-based mining giant Glencore-Xtstrata is preparing to divest its stake in the Tampakan copper-gold mine in South Cotabato, Philippines, according to a disclosure to the Australian Stock Exchange.
The government of Australian Prime Minister Tony Abbott will not be giving fruit processor SPC Ardmona Ltd a $25 million grant because its parent company Coca-Cola Amatil Ltd can restructure the firm on its own, Bloomberg reported.
New York, US-based clean tech firm BrightFarms pocketed $4.9 million in Series B funding to expand its network of greenhouses and promote locally-grown produce in the urban areas of the country.
The $31 million deal between Dish Network Corp and Grupo Elektra for the sale of Blockbuster Mexico allows the video rental service to continue to live on as an upscale chain in Mexico, Bloomberg reported.
George Jarkesy Jr, a hedge fund manager, has filed a case in a Washington federal court to block a hearing by the US Securities and Exchange Commission which alleged that he defrauded hedge fund investors, Bloomberg reported.
Sydney, Australia-based online tailoring startup InStitchu expanded to the UK by partnering with two London-based entrepreneurs who planned to open a similar business but instead bought a minority stake in the company's new UK subsidiary.
