Due to Carlos Slim's mega investment, analysts believe that app developer Shazam will gain access to millions of Latin American customers.
Deals
Finance Fund awarded US$2 million
Ohio Development Services Agency gave US$2 million to Finance Fund as part of a US$10 million fund award.
Dutch firm ING starts divestment spree
ING Group will exit its South Korea-based investment management business to acquire Australia's Macquire.
Britain floats Royal Mail this financial year through an IPO
Britain would float its majority share in Royal Mail through an initial public offering this financial year.
ViaCyte raises fund to develop diabetes treatment
ViaCyte raised a US$10.6 million from selling Series C-1 Preferred Stock shares. ViaCyte announced on Wednesday that it has raised a total of US$10. 6 million in Series C-1 funding.
Latest News
Kaseya acquired leading cloud and IT service provider Zyrion. Kaseya announced its acquisition of Zyrion, Inc. today. Zyrion provided software solutions for cloud and IT service monitoring.
Eskom Holdings SOC Ltd. struggled to plug an income gap worth ZAR191 billion. Eskom Holdings SOC Ltd. admitted that it was struggling for ways to plug an income hole of ZAR191 billion equivalent to US$19.
Leading location and communication app gets US $10 million Series B funding from DCM. Location and communication app Life360 clinched a US $10 million Series B funding, which brings its total financing to US $20 million to date.
TECO Energy Inc filed an approval application of its acquisition of the New Mexico Gas Co that was priced at US$950 million.
Asian REITs improved. REITs or real estate investment trusts in Asia are improving. In Hong Kong, the New Century REIT debut with a gain of 0. 6%. This REIT was backed by the Carlyle Group.
The European Union plans to set aside US $22 billion to finance research for various industries. The European Union recommended a US $22 billion (Eur 17.
Warner Brothers' last minute bid for Thomas Tull failed to lure the producer; NBCUniversal succeeded.
Fitch gave a 'BBB-(EXP)' rating to Indonesia's USD-denominated global bonds. Fitch Ratings assigned a 'BBB-(EXP)' rating to Indonesia's USD-denominated global bonds.
The Indonesian coal producer is close to completion of a deal pegged at US $500M that will mark Bakrie's exit.
