At the height of its business, BlackBerry servers provided supported its devices with secure email technology, which now is key to its survival.
Deals
Li Ka-shing's Power Assets seeks USD 4.8 billion loan from banks- sources
Sources told Bloomberg that Power Asset Holdings had approached banks for a USD 4.8 billion loan. Power Asset Holdings Ltd had been seeking a USD 4. 8 billion or HKD 37.
Zulily to confirm IPO plans this week -sources
According to anonymous sources, Zulily Inc would be disclosing the financial details of its public listing plans this week.
IPO to value Stock Spirits at least USD 675 million- terms of sale
The initial public offering of Stock Spirits Group would value the company at GBP 420 million or USD 675 million.
PM Letta wants a state-backed firm to ease Alitalia merger- sources
Sources told Bloomberg that Italian Prime Minister Enrico Letta was pushing for a state-controlled firm to back Alitalia in its planned merger with Air France-KLM.
Latest News
Upon the recommendation of the Telecom Regulatory Authority of India, new guidelines for spectrum sharing would be imposed by the Telecom Commission.
A source said Vodafone Group Plc was not interested in bidding for Telecom Italia's Tim Participacoes SA.
Abraaj Group would put an undetermined amount in AIS Group. The Abraaj Group had announced last Monday a decision to invest in one of its funds in the African Industrial Services Group.
A report released by the National Venture Capital Association showed a record USD4.1 billion was raised by 54 venture capital firms in the past 12 months.
Digital Generation (DG) announced its recent acquisition of Republic Project for USD1.4 million in cash and target-based earn-out payments.
New venture fund Flint Capital announced that it had invested an undisclosed amount in Russian task assignment platform startup Youdo.com.
In an announcement today, former executives of Finam Global launched Flint Capital, a USD30 million fund that is focused on placing investments in Internet and innovative hardware startups.
Yusuf Bin Ahmed Kanoo Holdings Ltd purchased the business interests of Thomas Cook Group in Egypt and Lebanon.
A Techcrunch report talked about the necessity of top mobile gaming companies and rivals Gamevil and Com2uS consolidating into one gaming empire.
