Verizon is now in discussion with banks to fund the USD130 billion buyout offer for Vodafone's 45% shareholdings.
Deals
Vivendi wants to close sale of Maroc Telecom unit this year
Vivendi CFO said the company still plans to complete the sale of its Moroccan unit this year. French multinational mass media and telecommunications company Vivendi said that it is still aiming for the sale of Maroc Telecom by the end of 2012.
Elster acquisition boosts revenues of Melrose Industries
The purchase of Elster helped Melrose Industries increase its revenues for the first half of this year.
Advanced Semiconductor Engineering Inc to gather USD 400 million through convertible bond sale
Taiwan-based Advanced Semiconductor Engineering Inc would be selling convertible bonds to raise USD 400 million.
Allianz nears deal to outsource IT services
German insurance firm Allianz announced that it is nearing a deal to outsource its information technology services.
Latest News
Global firms had eyed on agrochemical manufacturers as agrochemical patents in India would expire by 2020.
Aircel Ltd announced refinancing its existing debt through a tie up of nearly INR8 billion loans. Aircel Ltd. is a privately held telecom operator. The company had announced seeking nearly INR8 billion in loans with IDFC and Credit Suisse.
ShopPad announced today that it had received a total of USD500k in seed funding from angel investors.
Delta Apparel Inc. announced today that its wholly owned subsidiary, To The Game LLC bought all assets of Salt Life Holdings including domestic and international trademark rights.
Today, Peer Advisors LLC had announced its acquisition for Celink, the biggest sub servicer of reverse mortgage loans in the US.
China Grand Auto is planning for a USD500 million IPO offering in Hong Kong. TPG backed China Grand Automotive Services Co had plans to list at least USD500 million of its shares in the Hong Kong bourse.
Endo Health Solutions announced acquisition of Boca Pharmacal for USD225 million. Endo Health Solutions Inc. is a specialty pharmaceutical company manufacturing both generic and branded drugs.
Investec would coordinate lending facilities for two power plants to be built in South Africa. Investec Plc would provide financing for GDF Suez as it develops two South African gas power plants.
Wayra, Telefonica's start-up accelerator announced its second global "Demo Day" scheduled on November 14, 2013.
