TPG Capital agreed to buy a stake in Phoenix Satellite Television from Star Entertainment for a price tag of USD 214 million.
Deals
Google, Facebook partner up to assist client ads in FBX platform
Rivalry between Google Inc and Facebook Inc seemed to have thawed after the former announced its partnership with the latter on aiding clients to purchase ad inventory.
Chancellor Osborne to decide on to retain or break up RBS
Chancellor of the Exchequer George Osborne is planning whether toxic assets of RBS would be put into a bad bank.
Investors applaud Yahoo's plans to keep bigger stake in Alibaba
Investors welcomed Yahoo's plans to sell fewer shares when Alibaba goes public. News of Yahoo Inc's plans to retain a larger stake than what it had originally announced was welcomed by the company's investors.
UK government to decide next month on RBS split- report
A report from the Daily Telegraph said the UK government would be deciding on the future of Royal Bank of Scotland by next month.
Latest News
The CEO of India's largest commodities bourse quit his job as CEO. Last Saturday, the Multi Commodity Exchange of India Ltd had announced its Managing Director and CEO Shreekant Javalgekar had formally submitted his resignation from the company.
Fresh investments were promised by BP and Reliance Industries in oil and gas. The top executives of BP and Reliance Industries, CEO Bob Dudley and Chairman Mukesh Ambani respectively, jointly promised fresh investments worth up to USD10 billion in oil and gas.
Caesars Entertainment would no longer be partnering with Suffolk Downs to bid for a casino gambling license in the Boston area.
Dubai Land Department's managing director announced the launch of its e-Market website during the GITEX Information and Technology Exhibition.
The New York Stock Exchange (NYSE) had approved a dry run on October 26 for trading firms to test its systems to check whether there are technical issues that could affect trading in the upcoming Twitter Inc IPO.
Voxeljet, whose technology was used to design Aston Martin cars for the James Bond film "Skyfall", traded as high as USD29.06 from its initial USD13 per share price after its debut on the German stock exchange.
Grupo Ser Educacional SA had 30 days to comply with Brazilian regulator CVM in order to life the suspension of its planned initial public offering.
JPMorgan is nearing settlement of a suit filed by FHFA for mortgage related securities fraud. JPMorgan Chase & Co had reached a tentative agreement for the settlement of USD4 billion with the Federal Housing Finance Agency.
According to Previ CIO, the goal of the investments is not diversification and not returns. The largest pension fund in Latin America, Banco do Brasil SA, would be investing in US and European stocks.
