Doha Bank, a Qatar based lender, has entered into a definite acquisition agreement with HSBC Holdings Plc's HSBC Bank Oman to purchase its lending arm in India pending regulatory approvals in India, Jersey, Qatar and Oman.
Investors
Singapore backs travel-focused chocolate retail chain The Cocoa Trees
Singaporean sovereign wealth fund Temasek Holdings (Private) Ltd backed chocolate retail chain The Cocoa Trees with an undisclosed amount of fresh capital as the travel retail sector of Asia enjoys a sudden rise in income.
EmergeVest picks up controlling stake in UK chilled food distributor NFT
Hong Kong-based private equity firm EmergeVest picked up a controlling stake in Derbyshire, UK-based chilled and frozen food distributor NFT Distribution Operations for an undisclosed amount to expand its sales.
Canadian firm Cannabis Rx purchases 9-acre property in Florida for $1.2M
Canadian real estate investment firm Cannabis Rx reportedly purchased a 9.26-acre property near the Sarasota-Bradenton International Airport in Florida in a $1.2-million deal to turn it into a licensed grow facility or distribution center.
Square denies acquisition talks with Google
Although Google reportedly considered San Francisco, US-based mobile payments system Square Inc as a potential acquisition or merger candidate, the latter denied reports that it has entered acquisition talks with search giant.
Latest News
The territorial dispute between China and Japan has caused the latter to pull out its investments from the country and redirecting its focus to other South East Asian countries where it has already funded companies with USD22.8 billion last year.
Two coincidental events took place as Weibo executives rejoiced the warm welcome it received from the international financial markets after its IPO on the NASDAQ and the release of venture capitalist and Weibo user Charles Xue.
Missouri, US-based holding company Enterprise Holdings, the operator of the Enterprise Rent-A-Car and National Car Rental, purchased Denver-based car-sharing services provider OccasionalCar for an undisclosed sum to widen its local network of transportation options.
Dubai, United Arab Emirates (UAE)-based firm Abraaj Group picked up a stake in Casablanca, Morocco-based chocolate manufacturer Kool Food for an undisclosed amount to back the latter's international distribution plans.
Today, home-rental Airbnb has received a rare funding that reached a hefty USD500 million from a funding round from investors led by TPG, Dragoneer Investment Group and T. Rowe Price along with other mutual funds.
Preact announced releasing a new software platform that makes uses of "leading-edge behavioral science, machine learning, and big data analytics" along with receiving a Series A funding round valued USD4.6 million led by Trinity Ventures.
Santa Clara, US-based semiconductor chip maker Intel Corp shelled out $100 million to establish an innovation center in China to accelerate the innovation of smart equipment in the Asian country.
Kansas, US-based wire rope manufacturer WireCo WorldGroup Inc acquired the assets of Gouda, Netherlands-based construction and transport materials supplier Endenburg BV for an undisclosed amount to beef up its delivery system.
Cloud storage giant Dropbox spent an undisclosed amount to add San Francisco, US-based photo and video cloud storage and smart collaborative tool Hackpad to expand its product offering and improve its auto-upload features.
