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Accor to sell Motel 6 to Blackstone for $1.9 bln

Accor is to sell its troubled U.S. budget hotel business for $1.9 billion to private equity group Blackstone.


Warburg leads $32 million investment in Indian online firm

U. S. private equity firm Warburg Pincus WP. UL along with existing investors have pumped $32 million in fresh funds into Indian online classifieds firm Quickr, the e-commerce company said on Tuesday.

TPG, Savills to invest in failed Japanese apartment developer

Private equity firm TPG Capital agreed to jointly buy bankrupt apartment developer Joint Corp with property consultancy Savills.

Media expansion in Abu Dhabi: Digital Domain Media Group's fundraising and plan

The region of Abu Dhabi will establish a presence of a major, global studio for the first time, with Digital Domain Media Group planning to have a studio of animation, visual effects and motion capture and a media school.


Latest News

Chinese Internet entrepreneur Jack Ma's Alibaba Group is buying back up to half of Yahoo Inc's 40 percent stake for $7.1 billion.
South Africa's Vodacom said it will fight a court ruling that it must pay $21 million in consultancy fees or submit to the mandatory sale of its shares in its joint venture in the Democratic Republic of Congo.
Motor racing business Formula One will start pre-marketing for its up to $3 billion Singapore initial public offering on May 22.
Galaxy S3 is set to first release in Germany on May 29, and then in UK on May 30, followed by U.S. June 1.
Google Chrome has become the world’s top browser, surpassing Internet Explorer in recent weeks. Google Chrome has become the world’s top browser, surpassing Internet Explorer in recent weeks, according to a report of statcounter.
Yara has agreed with Orica and Apache to form joint ventures to build a 330,000 metric tons ammonium nitrate (TAN) plant on the Burrup peninsula.
Uzbekistan has signed a deal with a consortium of foreign banks to obtain loans worth a total of $2. 54 billion to build a gas and chemicals complex on its Surgil field, state oil and gas company Uzbekneftegaz said.
News and developments in Asia private equity from Reuters News for the week ending May 18. News and developments in Asia private equity from Reuters News for the week ending May 18.
Private equity group Nordic Capital said on Monday it has bought Sport-Master, Denmark's largest sporting goods chain, continuing a string of recent deals in the region's buoyant buyout market.
Bids, mergers, acquisitions and disposals involving European, U.S. and Asian companies. The following bids, mergers, acquisitions and disposals involving European, U.