Russia-based telecommunications operator MegaFon announced that it would be acquiring Scartel, the only 4G provider in the country for USD 1.2 billion.
Deals
Chariot Oil & Gas agrees with Cairn Energy for 35% stake of Mauritania
A farm-out deal was signed between Chariot Oil & Gas Ltd and Cairn Energy Plc. A farm-out deal was signed between Chariot Oil & Gas Ltd and Cairn Energy Plc.
Soasta scores USD 30 million in funding from new and existing investors
California-based cloud and mobile testing company Soasta Inc announced that it was able to raise a total of USD 30 million in growth-stage funds.
TPG Capital investors okay time extension for unspent capital
Texas-based private equity firm TPG Capital was able to get the approval of its investors for a time extension to invest their money.
GlaxoSmithKline launches bioelectronics venture capital fund
GlaxoSmithKline (GSK), the biggest pharmaceutical firm in Britain, launched a USD 50 million venture capital fund for bioelectronic medicines and technologies.
Latest News
New York Times Co Chairman Arthur Sulzberger Jr announced they won't be selling the New York Times.
Wells Fargo Bank and American Express credit cards have agreed to offer a credit card to the consumer credit market.
Washington Post Co.’s future relied on Kaplan Inc.'s for-profit colleges. On the night of August 5, Kaplan Inc. 's chief executive officer, Andrew Rosen, sent a memo to the company's workers regarding its parent corporation's, Washington Post Co.
Energy platform drillMap Inc announced that it successfully closed its Series A funding round with USD 6.5 million.
YoungAndMinted.com, the photo sharing website for people who have succeeded in business, announced that it has received funding from two unidentified investors.
Mobile photography startup Foap said it was able to secure USD 1.5 million in funds from Maxwell Ventures and Industrifonden, a venture capital firm in Sweden.
Budapest-based Organica water closed its Series B financing round successfully. Budapest-based Organica water closed its Series B financing round successfully.
Global web services company AOL Inc announced that it would be purchasing Adap.tv for USD 405 million.
NXT Capital announced the granting of a USD 20 million loan to 1-800-Radiator & A/C. NXT Capital announced the granting of a USD 20 million loan to 1-800-Radiator & A/C.
