Automattic, Inc, parent company of open source blogging and content management system service WordPress, announced in a blog post that it had acquired content sharing technology startup Cloudup with no financial details disclosed.
Deals
NASDAQ OMX set out new offers to retain clients
New product offers have been made by NASDAQ OMX such as USD10,000 contracts for its clients in the currency market.
Royal Park sues Credit Suisse over residential mortgage backed securities
Royal Park claims fraud in the marketing and sale of residential mortgage backed securities. A suit was filed against the Credit Suisse Group AG in New York for USD359 million worth of residential mortgage-backed securities.
OAO Gazprom Neft seeking new loan terms
OAO Gazprom Neft, the Russian state owned natural gas giant, has been shopping around for lower interest rate termed loans.
Fibrocell shares fell after announcement
Fibrocell Science's market value fell after it offered 11 million shares of stock. Fibrocell Science shares fell in market value after the company had announced it would be selling 11 million shares of its stock.
Latest News
Sources revealed to Bloomberg that British private equity firm 3i Group Plc was seeking to add members who specialize in buyouts for its UK and Germany private equity teams.
TVV Capital's acquisition of Pitonyak Machinery Corp serves to complement an earlier acquisition for the buyout firm.
The executive council had earmarked funds for construction of hospitals and roads in Abu Dhabi. The executive council of Abu Dhabi last Wednesday approved funds worth AED15.
Sofitel would be opening hotels in Qatar and Saudi Arabia. Sofitel, the luxury hotel brand, is owned by French company Accor, was said to be in active discussion to sign new hotels located in Qatar and Saudi Arabia.
RidePal gathered USD 3.2 million for its Series A round. San Francisco-based shuttle service provider RidePal announced that it was able to score USD 3.
Ares Capital Corporation announced plan to conduct a public offering of 11 million shares of its common stock.
According to a Techcrunch report, Foundry Group pledged a USD5 million Series A investment to Minneapolis landing pages services startup LeadPages.
JPMorgan Chase & Co are deep in the negotiations to settle the probes conducted at the state and federal levels.
In an announcement today, fashion retailer JustFab said it had raised USD40 million in investment commitments from investors like Shining Capital and Rho Ventures.
