Qunar, Baidu's online travel app, would be offering American Depositary Shares for its IPO in the New York Stock Exchange.
Deals
Macquarie to bid for Lloyd's Australian assets
Macquarie Group Ltd. offered a bid for the Australian assets of Lloyds Banking Group Plc, according to a Bloomberg report.
Compal Electronics offers to buy its wireless device division
Compal Electronics announced a deal to buy its wireless device production division to reduce the company's spending cost.
America Movil and KPN discussion encounters price issue
America Movil's plan to acquire Royal KPN encountered price disagreements as KPN's management wanted a higher price for the offer, said sources.
Blackberry to pay for a rare breakup fee
According to a Bloomberg report, BlackBerry became so desperate to find a possible buyer for the struggling smartphone maker which resulted to an agreement to pay its biggest shareholder a rare breakup fee.
Latest News
On Monday, TCW acquired private equity company Craton Equity Partners, according to statement from TCW's alternative products division chief.
Financing was released by RatPac-Dune Entertainment for about 75 films to Warner Bros. studio. Warner Bros, the studio unit of Time Warner Inc, would be receiving a USD450 million from RatPac-Dune Entertainment LLC to serve as funding for 75 films, including its summer franchise offerings.
Johnson & Johnson received numerous preliminary offers from hedge funds interested in acquiring its Ortho Clinical Diagnostics unit, said a Reuters report.
Warner Bros Pictures announced on Monday that it had entered a co-financing deal with RatPac Dune Entertainment to finance as many as 75 movies, said a Reuters report.
JC Penney shareholder Perry Corp had reduced its stake in the retailer, according to a filing showed on Monday.
The bid for independence of Activision Blizzard from Vivendi is still subject to shareholder approval.
After its creditors opposing the original auction process for the assets of LightSquared Inc, the new plan was approved by the bankruptcy court.
Trail camera software solutions provider HuntForce starts off its investment round with a USD400,000 funding from three Omaha based investors.
An undisclosed amount was invested by Dundee Corp in the Urbana Corp backed Canadian National Stock Exchange Markets operator.
