A report revealed in detail based on its records how China was able to acquire control of oil of countries Venezuela, Brazil, Angola, and now OPEC member Ecuador.
Deals
VC sentiment in Silicon Valley hit the highest level since the 2008 recession - report
Valuation results in 3Q13 showed a noticeable increase over 2Q13, including the greatest difference between up and down rounds in over six years. The software industry was especially strong, not only valuation-wise, but also in the number of deals.
Optimitive, a cleantech startup, secures Series A round
Optimitive, a cleantech startup from Spain, announced on Tuesday that it has successfully secured USD 1.9 million in a Series A round, led by GGM Venture Capital and Optimitive plans to use the funds in building up its sales and marketing team.
Private equity offers pour in to Ashland - sources
Ashland, a chemical manufacturer, is in talks with at least seven private equity firms that are all interested in purchasing its water technologies unit in a deal that could fetch upwards of USD 1.5 billion.
Snapchat-like Wire gets USD 1.8 million seed funding
Wire Labs, a company founded by two former Amazon engineers, raised USD 1.8 million in its seed funding round for their mobile messaging application Wire.
Latest News
German healthcare group Merc is looking for acquisitions and collaborations with start-ups to grow its drugs business in the United States, a senior Merck official said.
Despite investor criticism it received for paying more investment attention on its non-core division, Gazprom announced on Tuesday in a joint statement that it had acquired Profmedia from metals tycoon Vladimir Potanin.
On Wednesday, sources disclosed that the board of directors of Spanish oil major Repsol will resolve to agree on compensation for its 51% ownership stake in YPF, of which the latter will be nationalized by the government of Argentina.
The USD1.5 billion acquisition bid Men's Wearhouse Inc offered to Jos. A. Bank Clothiers Inc was the former's form of retaliation after receiving pressure from its largest shareholder Eminence Capital LLC to accept the takeover bid Jos A Bank extended earlier.
The resignation of billionaire Carl Icahn's director appointees in Take-Two Interactive Software Inc's board of directors was part of an earlier agreement should Icahn decide to sell his position in the video game publisher.
Occasio Growth Fund I will welcome investments from institutional and accredited investors in order to raise USD100 million to capitalize on the booming USD24 billion industry in villa rental, private equity firm Occasio Funds said in a statement today.
Despite the offer at a 27% premium from yesterday's trading close of Algeta ASA's shares, the Norwegian company said through a spokesperson that it does not guarantee that it will accept Bayer AG's offer.
Due to the swing of gold prices, South African mining company Gold Fields Ltd had resorted to negotiating with its creditors for an extension of its loan maturities, said Gold Fields CEO Nick Holland.
Tyber Medical, a privately-held medical device company, said it was able to successfully close its initial funding round. Names of the private equity investors who participated, as well as the amount raised were not disclosed.
