Deals
Merck strikes €20m deal with Ablynx for new generation cancer drugs
Ablynx, a Belgian biotechnology firm, has agreed to a €20 million deal with Merck to develop immunotherapies that can bolster the human body's potential to combat cancer cells, the Financial Times reported.
Xanadu to acquire copper-gold project in Mongolia for $14M
Exploration company Xanadu Mines, together with its joint venture firm Mongol Metals, have agreed to purchase a 90% stake in the Kharmagtai copper-gold project in Mongolia from Turquoise Hill Resources in a $14-million deal.
Cfius set to scrutinize Lenovo's purchase of Motorola's handset business
The Committee on Foreign Investment in the United States or Cfius is expected to thoroughly scrutinize the $2.9 billion acquisition of Motorola's handset business by Chinese technology firm Lenovo.
Foreign direct investment in Seoul reaches five-year record high
Based on data gathered by the Seoul Metropolitan Government, foreign direct investment (FDI) poured into Seoul, South Korea, reached $6 billion in 2013, an all-time high since the global financial crisis hit in 2008.