American Tower said it would invest USD4.8 billion for the acquisition of MIP Tower Holdings LLC, parent of Global Tower Partners.
Deals
GE may bid for Dresser-Rand, Dril-Quip - analysts
Analysts said that General Electric Co would be eyeing Dresser-Rand Group Inc. and Dril-Equip Inc as potential takeovers.
Alvar Aalto's design house sold to Vitra for global exposure
Finnish modern design house Artek sold its business to Swiss design firm Vitra. Alvar Aalto-founded Finnish modern design house was sold to Swiss firm Vitra.
IberiaBank expands with new branches
IberiaBank Corporation finalized the agreement that assumed the assets of Trust One Bank. The holdings company of the more than century old IberiaBank, IberiaBank Corporation, recently announced the finalization of an agreement where the bank would acquire assets and liabilities from Trust One Bank, a division of Synovus Bank.
BRICS countries to create fund for financial shocks
Brazil, Russia, India, China and South Africa have all agreed to create a USD100 billion fund as buffer for financial shocks.
Latest News
A memorandum of understanding was signed for the financing of SsaangYong Motor in Korea. A memorandum of understanding was signed between Mahindra Finance and Woori financials.
The initial closing of Quadria Capital's second fund raised USD 107 million in capital commitments.
Marche businessman Francesco Merloni said investors were willing to put capital in Banca Marche. A businessman told Reuters that locals were willing to help Banca Marche.
Pharmaceutical platform startup ZappRX received USD1 million in a recent seed funding. Pharmaceutical software startup ZappRX received USD1 million in its recent seed funding.
Jinni has been boarded by XBox as its newest partner to power its video content catalog. Natural language processing-based video content recommendations provider Jinni was boarded as Xbox's newest partner.
Edge Products, the manufacturer of high quality parts for vehicle manufacturers, recently filed for Chapter 11 bankruptcy protection.
Malaysia Airports Holdings was able to gather MYR 500 million from its sukuk issuance for the construction of its budget airlines terminal.
Telegraaf Media Group (TMG) was able to raise EUR 391 million by selling its non-core stake in ProsiebenSat 1.
As the fruition of months of planning and years of animosity, China and Taiwan formalizes the two way cross border transaction system for companies trading in the yuan.
