Family networking and genealogy website MyHeritage said it bought rival Geni.com as it continues to expand into the United States.
Deals
Lehman Brothers to Sell Archstone to 2 REITs for $6.5bn
In the wake of strong demand for apartments in key US markets, Lehman Brothers Holdings Inc has decided to sell its property group Archstone to two real estate investment trusts (REITs) -- AvalonBay Communities Inc and Equity Residential -- for a total consideration of $6.5 billion.
Blackstone, New Hope Line up for Final Bid on Inghams
Even as private equity and other investors train attention on Australian food manufacturers, reports indicate that Blackstone Group LP and China's agribusiness firm New Hope Group have entered the final round of bidding for Australia's largest poultry producer Inghams Enterprises which owns the Ingham Chicken brand.
Reckitt Goes Big on OTC Healthcare With $1.4bn Buyout of Schiff
Even as consumer companies and prescription drug-makers zero in on emerging opportunities in the OTC healthcare market, global consumer goods major Reckitt Benckiser has inked a deal to acquire US group Schiff Nutrition for $1.4 billion.
NY-based Strategic Hotels & Resorts Seen as Potential Takeover Candidate
New York-based $1.2-billion Strategic Hotels & Resorts Inc., which owns some of the best-known luxury lodgings in the US like Essex House and Ritz-Carlton Half Moon Bay in California, is beeping loud on the takeover radar following the exit of its founder Laurence Geller as CEO and President.
Latest News
Private equity firms' returns from investing in European buyouts have beaten the European stock market index over the last 10 years, according to data from Thomson Reuters.
Following a scandal involving the former co-Chair of the high-end online and retail furniture store, Restoration Hardware, the company is planning to sell 5.2 million shares in an Initial Public Offering, The New York Times reported in Dealbook, based on papers filed Tuesday.
Rumor has it that the world's top golfer, 23-year-old Irishman Rory McIlroy, is on the verge of signing a 10-year deal with Nike, worth $250 million, according to major media sources.
AirBnb Inc., which allows travelers to rent private accommodations online around the world, is in discussions with the venture capitalist Peter Thiel about an investment of approximately $150 million, according to inside sources, as reported by The Wall Street Journal.
The world's largest genealogy website, Ancestry.com, has entered a merger agreement valued at $1.6 billion in a deal led by the European private equity firm Permira funds, and co-investors, the company announced Monday in a press release posted on its website.
The nationwide meningitis outbreak linked to a contaminated injectible steroid made by the New England Compounding Center has stalled the sale of an Illinois drug compounding company, the private equity backed Pharmedium Healthcare Corp., Dow Jones’ LBO Wire reported last week.
An Indian lawmaker has filed a complaint with the government claiming that Walmart illegally invested in a local supermarket chain in violation of rules restricting direct foreign investment in the retail industry. Regulators have begun an informal inquiry into the matter, according to an article in Friday's New York Times.
Waltham, Massachusetts-based electric car battery manufacturer A123 Systems Inc. filed for Chapter 11 bankruptcy protection Tuesday, The Wall Street Journal reported. The company's collapse has been called a setback for the Obama administration's efforts to foster a domestic market for electric vehicles running on U.S.-built batteries.
After months of negotiations, Australia's Nine Entertainment television network, one of the country's biggest and best known, has agreed to swap more than $3 billion in debt for equity, Reuters reported Wednesday.
