IBT Media ends weeks of speculation as it acquired Newsweek under undisclosed financial terms. In an announcement, IBT Media confirmed that it had reached a deal that acquires Newsweek from IAC/InterActiveCorp.
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Neiman Marcus Group to enlists banks for its IPO
Sources said Neiman Marcus Group had now enrolled several banks to help it in its IPO. Sources close to Neiman Marcus Group Inc. said the luxury retailer had now hired several financial institutions to help them on an initial public shares offering.
Third Point launches IPO
Third Point announced they want to put up around US$322.20 million in its IPO to bolster its underwriting capacity.
India records 391 M&A deals in the first half of 2013
According to a report by Ernst & Young, 391 merger and acquisition deals with a combined value of US$15.2 billion were recorded in the first half of 2013.
Shanghai Tower nears completion
Shanghai Tower's top beam was recently installed and now the interiors are to be completed. The tallest building in the financial district of Shanghai and all of China is nearing completion.
Latest News
Hellman & Friedman agreed to acquire Hub International Inc., an insurance company based in Chicago. San Francisco-based Hellman & Friedman agreed to acquire Hub International Inc.
Israeli-based cyber security company ThetaRay bagged a substantial investment from General Electric (GE) reported to be worth "several million dollars."
Brazos Private Equity Partners announced its partnership with Southern Tide, a growing lifestyle brand.
Lockheed Martin announced that it is developing a plan to make the upgrades of equipment that will be used by next-generation helicopters of the US Army more convenient and less expensive.
The Indian government decided to postpone its 5% divestment proposal in BHEL for the time being. Plans of the Indian government to divest in BHEL were shelved today citing the company's low share price.
Del Monte invested US$13 million in a banana plantation in Maguindanao province, according to recent reports.
South Korean retail chain Shinsegai said that it will continue to invest in the local market this year to boost local demand.
Private equity firm M/C Partners announced the completion of its sale of Baja Broadband to Telephone and Data Systems Inc in a transaction worth USD 267.5 million.
The governments of New Zealand and Taiwan created the Pan Pacific Capital Fund, a joint venture capital which is the first of its kind.
