Marvell Technology Group Ltd on Wednesday said it is not in talks with KKR & Co on a major transaction such as a buyout, a little over two weeks after the private equity firm reported a 6.8 percent stake.
Deals
Sweden's Vattenfall Europe AG to divest 74.9% stake in power grid back to Hamburg- report
Vattenfall Europe AG will be selling back to Hamburg the 74.9% stake it holds in the city's power grid operator after the citizens agreed on a repurchase, a Bloomberg report said.
France divests $614M Airbus stake
The French state divested a 1% stake in Netherlands-based aircraft and defense firm Airbus Group for €451 million ($614 million), according to the French economy minister.
Brookstone Co engages services of Jefferies Group, K&L Gates for debt restructuring- sources
To help it restructure its debt, retailer Brookstone Co has hired a financial adviser Jefferies Group and law firm K&L Gates, according to sources interviewed by Bloomberg.
India's Blume Ventures to introduce second venture capital fund later in 2014
Blume Ventures, an early stage investor, is set to launch its second venture capital in May or June this year. It will invest a significant portion of its capital to the existing companies in Blume's portfolio, The Economic Times reported.
Latest News
Canada-based Saputo Inc is closer to its takeover attempt of Australia's Warrnambool Cheese & Butter Factory Co as Bega Cheese Ltd said it had agreed to sell its holding to Saputo, Bloomberg reported.
Philippine-based food and beverage manufacturer RFM Corp bought the Royal brand and pasta business from UK-based firm Unilever Group in a deal valued at approximately $47.8 million (PHP2.1 billion).
Beverage companies who want to get a piece of the pie in the fast-growing instant coffee market in Asia will find that the best firm for a takeover would be Super Group Ltd, Bloomberg reported.
New York, US-based storytelling platform Contently raised $9 million in a Series B funding to expand its advertising enterprise tools and ensure that its journalists are equipped with important publishing tools.
OTI Greentech Group, a Switzerland-based cleantech engineering company, said it secured CHF 1.8 million or €1.5 million to mark the first close of its second round of expansion funding.
Gentium investors sued the company's board and Jazz Pharmaceuticals in an attempt to stop the acquisition of Gentium, claiming that the tender offer was flawed, Bloomberg reported.
Ontario, Canada-based academic research startup Sciencescape closed $2.5 million in a recent funding round to make the process of going through mountains of research sources easier.
Boston, US-based secretive startup ClearSky Data raised $12 million in a funding round led by General Catalyst and Highland Capital Partners, according to a report published by Boston.com.
Blackboard Inc, an enterprise technology company owned by private equity firm Providence Equity Partners, has bought MyEdu, a platform that helps students finish college and look for jobs.
