CVC and Betfair conclude discussions after second offer is rejected by Betfair board. According Reuters, CVC Capital Partners and Betfair have concluded their discussion regarding a takeover after the private equity firm advised Betfair that it would no longer make a third revision on their offer for the gambling company.
Deals
Five Telecom Firms Bid for MVNO Licenses from Saudi Authorities
Five telecom firms bid for Saudi Arabian mobile virtual network operator licenses. Applications for virtual telecommunications licenses in Saudi Arabia have been submitted by five companies, amongst them Virgin Mobile Middle East & Africa.
China Galaxy Securities IPO Price Range Set
China Galaxy Securities per share price range for its IPO narrowed down. China Galaxy Securities Co Ltd has announced the indicative price range for its US$1.
Commerzbank to sell off property loans business
Commerzbank is selling off its property loans unit to Lone Star and Wells Fargo Bank. Commerzbank is in deep discussion to negotiation the divestment of the bulk of its Eur5.
Dish announces completion of queries from Sprint Special Committee
Dish Network announced the completion of all the clarificatory questions posed on its US$25.5 billion unsolicited bid for Sprint Nextel.
Latest News
Polaris Private Equity acquires HTC Sweden for an undisclosed price. The leading Danish/Swedish investor in middle market private equity deals, Polaris Private Equity has acquired the world creator and maker of systems for professional floor grinding and floor solutions, HTC Sweden AB.
NewWave Communications purchased by Rural Broadband and GTCR. In an announcement today by GTCR, it disclosed its acquisition of NewWave Communications from Pamlico Capital.
Synalit Milk is now preparing for a possible IPO to fund its expansion plans in China. New Zealand dairy company Synlait Milk Ltd is planning to conduct an initial public offer of shares to fund its expansion plans into the booming infant formula market in China.
The XD Group of China in discussions as to purchase of GE stake in Mexico. The state controlled power equipment manufacturer China XD Group is in discussion to purchase General Electric Co's shares in its joint venture with Xignux SA of Mexico.
Wheelz's purchase by Relay Rides merges into the largest peer to peer car sharing marketplace. RelayRides announced today its acquisition of Wheelz, a peer to peer car sharing policy.
TransferWise raises funds with Paypal co-founder leading the funding round that totalled US$6 million.
Verizon Wireless announces a US$7 billion dividend by June,. The largest US mobile service provider, Verizon Wireless, announced Monday that it would be paying its parent firms Verizon Communications and Vodafone Group Plc dividends totalling US$7 billion in June of this year.
The Commercial Bank of Dubai has set the price of its bond issue with a volume of US$500 million. The Commercial Bank of Dubai has set the price of its US$500 million international bond issue after the launch of the deal at the higher end of the price guidance, showing healthy investor demand.
Fairway Market's outlook is positive but faces challenges especially from its market competitors.
