Spotify's revenues in 2012 grew more than twice as much after expansion. Spotify's revenues in 2013 more than doubled to Eur435 million or US$577 million from last year.
Deals
Sanlam's US $24 mln investment takes load off beleaguered First Strut
Sanlam, South Africa's leading life insurer, shells out US $24 million in favor of First Strut.
BMC Software Finance announces intention to privately offer USD 1,380 million in senior notes
BMC Software Finance Inc. said it intends to offer USD 1,380 million in senior notes through a private placement.
Source says possible collapse of Dell's buyout seen unless voting standard changes
A source said that unless Dell's special committee revises the voting standard, talks of Dell's buyout by CEO Michael Dell and private equity firm Silver Lake will collapse.
IBM cooperates on SEC probe of cloud revenue
IBM cooperated on the SEC probe of its cloud revenue. IBM Corp. stated Wednesday that it was cooperating with US regulators on a probe of its cloud revenue.
Latest News
Private equity firms Columbia Capital and Rho Ventures purchase minority stakes in sports content producer Mandalay Sports Media.
Apigee secured an equity funding worth US $35 million, which will be used to expand its presence globally.
Siemens will gain EUR400 million from selling stakes in Nokia Siemens Networks. Siemens's recent exit from its Nokia Siemens Networks stake will net the engineering group a total of EUR400 million or US$530 million, according to the company's chief executive Joe Kaeser.
The recently-held talks between Apple and China Mobile could benefit both companies. The recently-concluded talks between Apple CEO Tim Cook and China Mobile Chairman Xi Guonhua could be beneficial to both, Reuters said in a report.
NXT Capital raised US $783 million after it finished its senior debt fund raising. Chicago-based NXT Capital said it closed its US $783-million Senior Loan Fund II, L.
Sweco completes the acquisition of Vectura, making it the largest single company to offer engineering consultancy in Sweden.
The Australian TV media company hopes to raise AUD $1.2 billion in an initial public offering before this year ends.
Today, the merger between King & Wood Mallesons and SJ Berwin was concluded through approval votes by partners from different locations including China, Hong Kong, London and Australia.
Microsoft and Steve Sinofsky's entered into a "non-disparage" agreement. Steeve Sinofsky, a former chief of Windows, entered into a "non-disparage" agreement with Microsoft.
