XPO Logistics Inc completed its acquisition of 3PD Holdings in a deal valued at USD 365 million. Arcapita sold its North American logistics company 3PD Holding to XPO Logistics Inc.

Ethiopia signed an USD800 million contract with ZTE for the expansion of the country's mobile phone infrastructure.

Blackstone announced plan to acquire Hong Kong's Tysan Holdings to establish foothold in China market.

Royal DSM announced plans of slowly transferring back-office work to India in the next couple of years.

NMDC obtains infrastructure contract from Indian PM led council. The National Manufacturing Competitiveness Council, which is led by Indian Prime Minister Manmohan Singh, had awarded the task of creating the infrastructure in the completion of the first ultra mega steel plant in India to NMDC.

Nine Entertainment's ownership has decided to undertake an IPO. The majority owners of Nine Entertainment of Australia, namely US hedge funds Apollo Global and Oaktree Capital, have appointed several banks to oversee the initial public offering of the company.

The Edwards Group;s purchase price was pegged at GBP1 billion for Atlas Copco. In a report from Sky News, it was revealed that the Edwards Group, which is based out of Sussex, is the subject of a GBP1 billion takeover bid.

Bahrain based Investcorp announced the sale of Skrill to CVC Capital Partners in a deal priced at USD79 million.

It has been a week after Amazon founder Jeff Bezos announced acquisition of Washington Post, a deal said to be the convergence of old and new media.

General Electric pursued its renewable energy program in Estonia after abandoning a solar plant project in the United States.