Kudu, the Saudi Arabian fast food chain, is set to sell off its majority shareholdings to private bidders.

Softchoice Corporation completes privatization deal through an arrangement set up by Birch Hill Equity Partners.

Sweden sells off the remaining shareholdings in Nordea Bank. Sweden has sold the remaining half of its stake in the biggest bank in the region, Nordea, The sale netted US$3.

Fairfax increases its shareholdings to 42% in Eurobank. Fairfax Financial Holdings would be raising its shareholdings in Eurobank Properties, the real estate firmn from Greece.

SoftBank is nearing the completion of the acquisition of the Sprint Nextel deal. SoftBank Corp of Japan had completed another step in its current bid to acquire Sprint Nextel Corp, the US wireless provider.

Russia is determined to sell its interest in private enterprises and one of them is their 53% interest in Rostelecom.

DP World, because of favorable market terms, was able to extend its revolving credit facility. (Photo : Reuters)The image is the signage infront of the DP Head Office.

ThousandEyes acquired $5.5 million in Series A funding led by Sequoia Capital. ThousandEyes, a San Francisco, California-based information and technology performance management provider, announced on Wednesday that it has successfully acquired $5.

Nextt, a new social networking app, said it has raised $700,000 in funding. New social networking platform Nextt announced on Wednesday that it has raised $700,000 worth of seed funds.

Robinsons Retail Group is planning to undertake the largest IPO in the Philippines. The Robinsons Retail Group, whose interests include operations in the consumer market through supermarkets, hardware and department stores throughout the Philippines, is now planning to raise US$924 million through an initial public offer in Manila.