A Techcrunch news report said that personalized e-commerce and gift-giving startup Wantful would be shutting its operations down due to its inability to get additional capital.
Deals
PE firm LDC expects windfall from Matrix buyout
Private equity firm LDC would be expecting a windfall from the recent sale of energy management group Matrix and its parent company Green Sky Energy to German energy company E.ON.
Kazakh President confirms signing of 22 agreements with China worth USD 30 billion
President Nursultan Nazarbayev confirmed that Kazakhstan would be inking 22 deals with China worth USD 30 billion on Saturday.
Daimler CEO discloses plans to build Mercedes car plant in Brazil
Daimler CEO Dieter Zetsche told a German newspaper that they would be constructing a new car plant in Brazil.
Nigeria's Dangote plans to build USD 400 million cement plant in Kenya- Kenyatta
President Uhuru Kenyatta's office said Africa's richest man Aliko Dangote would invest in a USD 400 million cement factory in Kenya.
Latest News
Shuanghui International Holdings and Smithfield Foods Inc released a joint statement saying they received another clearance from the U.S. Committee on Foreign Investment on the food firms' USD4.7 billion takeover deal.
Local and foreign oil firms in Iraq would be keeping low profiles as tensions regarding a possible Syria strike retaliation looms over Iraq.
Malkin Holdings, who manages the Empire State Building and its investors, to proceed with an initial public offering (IPO) of the building into a real estate investment trust (REIT).
The buyout of Onyx Pharmaceuticals was tainted with conflicts of interest and undervaluation, according to its shareholders.
Startup firm BoostCTR had announced it had raised USD8 million in Series B funding and hired a new CTO for the firm.
WestView Capital Partners had wrapped up a total of USD430 million which sources referred to as an oversubscribed fund.
Johnson & Johnson had launched a sale process for its Ortho Clinical Diagnostics unit valued at USD5 billion.
CHAMP Marlin Holdings and SEA6 Limited offered a total of USD150 million takeover bid for the remaining 25% stake it does not own in Miclyn Express.
Natalie Gordon, a shareholder at Verizon Communications filed a lawsuit against the company claiming that the deal with Vodafone Group Plc was overpriced.
