The Nigerian sovereign wealth fund's head was in the process of determining among eight asset classes which one should be in the fund's portfolio.
Deals
Microsoft expands music streaming to other operating systems
Microsoft allows Xbox music service to iOS and Android devices. In its latest move, Microsoft is allowing its Xbox Music service available to its Android and iOS devices in order to better compete with iTunes services from Apple, as well as Spotify Ltd and Pandora Media Inc.
Tyres on the Drive receives additional GBP 1.5 million in funding
Tyres on the Drive scored GBP 1.5 million in a round led by MMC Ventures. Tyres on the Drive (TOTD) announced that it received an additional GBP 1. 5 million in a funding round.
Law firms advise American Tower and MIP Tower Holdings deal
The law firms provided able legal support to the American Tower and MIP Tower Holdings. The largest operator of cellular towers in the United States, American Tower Corp, had entered into an agreement to purchase the parent firm of its rival Global Tower Partners.
Apollo Global Management okays acquisition of NCG Banco's Evo Banco
Apollo Global Management would be buying Evo Banco for USD 79 million. Apollo Global Management agreed to acquire Evo Banco for EUR 60 million or USD 79 million.
Latest News
Sources said China Huishan Dairy Holdings would be filing for a Hong Kong IPO to raise USD 1.3 billion.
BBA Aviation plunged as much as 4.1% after merger talks with Dubai Aerospace Enterprises Ltd ceased.
NYSE Euronext bought a minority stake in startup ACE Group Inc. NYSE Euronext acquired a minority stake in ACE Group Inc. No financial terms were disclosed.
Marubeni-Itochu Steel announced its purchase of US pipes trader Sooner Inc for USD 600 million. Marubeni-Itochu Steel Inc said it would purchase Sooner Inc for USD 600 million.
The Financial Times reported that Vodafone may not be able to acquire Kabel Deutschland for lack of shareholder approval.
Ping An Bank would sell more than 1 billion in new shares to its parent company Ping An Insurance to raise core capital.
Andre Esteves' Grupo BTG Pactual exercised option to purchase MPX Energia shares. The investment bank controlled by tycoon Andre Esteves, Grupo BTG Pactual, had announced the exercise of an option to acquire 28.
According to sources who told Wall Street Journal, Neiman Marcus would be wrapping its over USD6 billion exit deal with Ares Management LLP and the Canada Pension Plan Investment Board soon.
Debuting on Comcast Corp's television network NBC, "The Million Second Quiz", its advertisement partners were optimistic that the novel format show would provide revenue opportunity.
