Italy's state backed Fondo Strategico Italiano (FSI) and private equity firm CCMP Capital are leading the race to secure a minority stake in Italian luxury goods group Versace.
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Bitcoin popularity leads to mini-boom in smartphone software- report
According to the South China Morning Post, the growing popularity of the Bitcoin has also led to a boom of sorts in bitcoin software for smartphones, the South China Morning Post reported.
Nielsen study says Asian American households spend 19% more than US households
A Nielsen study showed that Asian American households spend more than US households by an estimated 19%. They were also the top online shoppers. the South China Morning Post reported.
Dalmore could tip Whyte & Mackay sale price over £450M - sources
United Spirits could raise as much as £675 million ($1.1 billion) in the sale of Whyte & Mackay Scotch if it will include single malt Dalmore. Sources estimate that Whyte & Mackay's exit, excluding Dalmore, is worth £450 million.
Asia-Pacific M&A deals plunge to lowest since 2009- report
A report said merger and acquisition transactions fell in the Asia-Pacific region caused by a slowing in the energy and raw materials sectors.
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A US Bankruptcy Court gave its approval to Savient Pharmaceuticals to sell all substantially all its assets to Crealta Pharmaceuticals, a firm backed by private equity company GTCR.
San Francisco-based advertising technology company Delivery Agent Inc has picked Credit Suisse Group AG and Deutsche Bank AG to lead its planned initial public offering (IPO) in 2014.
The National Aeronautics and Space Administration (NASA) will turn over one of its idled space-shuttle launch pad to Space Exploration Technologies (SpaceX), according to officials on Friday.
US-based telecommunications company Sprint is eyeing the purchase of rival T-Mobile USA next year in a deal worth $20 billion, according to sources cited in a report by The Wall Street Journal.
Chemical firm FMC Corp inked a deal to sell its Peroxygens business to the private investment unit of JPMorgan Chase & Co, One Equity Partners, for a price tag of $200 million.
Intellectual Ventures has settled a lawsuit it brought against chipmaker Altera Corp, according to court filings in litigation against a group of semiconductor companies filed by the firm, which has purchased billions of dollars worth of patents.
Carl Icahn purchases Nuance's 416,200 common shares at $14.12, 7,200 shares at $14.15 - SEC filing Securities beneficially owned by carl Icahn following purchase is 60.7.
Maryland-based private equity firm American Capital divested DelStar Inc, together with subsidiary DelStar Technologies Inc to SWM for $97 million. The buyer is SWM International.
Louisiana-based big utility Entergy Corp ended its plans to transfer its high-voltage power lines to independent electricity transmission firm ITC Holdings Corp after Mississippi regulators rejected the deal.
