The initial public offering of Chegg was highly anticipated by the technology community following its impressive growth
Deals
The Abraaj Group exits from Opalia Pharmaceuticals
The Abraaj Group sells its shares in Opalia Pharmaceuticals to Recordati. The Abraaj Group of Dubai recently announced it full exit from Opalia Pharma of Tunisia.
Observers worry about bloated valuation of Twitter
Not many industry observers were convinced that Twitter could support its hyped company valuation pre-IPO.
IDB invests in Saudi Arabian cheese industry
The IDB investment in Saudi Arabia's cheese industry includes the acquisition of shareholdings and the construction of a cheese factory.
Fairfax having difficulty in funding for Blackberry offer - sources
Fairfax Financial Holdings Ltd had until November 4 to negotiate a definitive agreement to buy out Blackberry Ltd.
Latest News
Investor hype had been observed in recent initial public offerings. In a report by USA Today, investors were seen in a frenzy to invest into everything that has a ticker symbol.
Apollo and Cooper Tire decided on a tentative agreement with trial to begin on Tuesday. NDTV Profits reported that a tentative agreement with workers of United Steelworkers union and Cooper Tire & Rubber Co was reached.
Greece’s growing tech scene has aided in the recovery of the country’s economy. According to a Reuters column article, Greece suffered an unemployment rate of 27.
Despite its planned investment in Peugeot Citroen, General Motors Co said its relationship with the Shanghai Automotive Industry Corp or SAIC remained strong.
CSC agreed to buy Ignition Partners-backed enterprise cloud management company ServiceMesh. Next-generation information technology services and solutions leader CSC, originally called Computer Sciences Corporation, said it had agreed to purchase ServiceMesh.
A regulatory filing showed that Yucaipa Cos has given a USD 261 million or USD 8 per share offer for Morgans Hotel Group Co.
Qunar, China’s travel booking service, raised USD167 million in initial private offering on its first day of trade.
NEWSCYCLE Solutions announced that it had bought the Atex AdBase advertising systems business from the Atex Group.
Twitter initial public offerings increased to USD26 per share by The Wall Street brokerage. On Friday, Morningstar united with three brokerages after setting price aim for Twitter Inc.
