Deals
Kellogg to acquire snack maker Diamond Foods for $1.5 Billion
The cereal maker Kellog Corporation is soon to buy Diamond Foods. The companies are apparently in the late-stage negotiations to close the deal, but both sides refused to comment.
Ferrari prices IPO at $52 per share, bringing its market capitalization to $9.8Bn
Ferrari priced on Tuesday its initial public offering at $52 giving the high-end car manufacturer a market capitalization of about $9.8 billion.
Conditional approval for Nokia-Alcatel deal in China
The Finnish telecom network equipment maker Nokia's acquisition plan for French rival Alcatel-Lucent has received the conditional clearance from the Chinese government. The China's Ministry of Commerce has approved it with some conditions on the Euro15.6billion ($17.6bn) deal's antitrust process.
Google buys a Portuguese startup
Google announces that the company has acquired a Portuguese based startup, Digisfera for an undisclosed amount. With the acquisition, Google is expected to improve its Street View application as all Digisfera's employees will be working with Google for its Street View team.