The Canadian government has finally broken its silence about the Bitcoin, rejecting the digital currency as legal tender in the country, The Wall Street Journal blog Canada Real Time reported.
Investors
Singapore's Nalanda Capital ups stake in Indian firm Lovable Lingerie
Singapore-based private equity firm Nalanda Capital has increased its holding in Mumbai, India-based underwear manufacturer Lovable Lingerie Ltd to 8.79% in a deal valued at $3.25 million.
New York's RCS Capital agrees to purchase JP Turner
New York, US-based public holding company RCS Capital Corp entered a deal to buy Atlanta, Georgia-based investment banking firm JP Turner & Company for an undisclosed sum.
Warburg Pincus agrees to acquire UK-based asset management firm Source
Private equity giant Warburg Pincus LLC will be acquiring a majority stake in Source, an asset management firm based in London for an undisclosed amount, Bloomberg reported.
Canada's Avison Young buys Columbus-based firm PSB Realty
Toronto, Canada-based commercial real estate services firm Avison Young bought Columbus, US-based firm PSB Realty Advisors for an undisclosed amount and opened a new office there.
Latest News
After saying no to an informal acquisition bid worth $100 million from AOL last year, Business Insider is likely set to raise new funds from its existing backers, re/code reported.
Bangalore, India-based online real estate portal CommonFloor secured INR64 crore in its fourth financing round from existing investors Accel Partners and Tiger Global, as confirmed by co-founder Sumit Jain.
New Jersey, US-based medical device company Integra LifeSciences Holdings Corp completed the acquisition of dural repair product lines from Dublin, Ireland-based manufacturer Covidien for an undisclosed sum, to add to its neurosurgery product portfolio.
As Nintendo's sales of Wii U flopped, Japanese video game machines maker Nintendo Co is under pressure to think about abandoning its hardware operations, Bloomberg reported.
Grande Prairie-based municipal utility firm Aquatera Utilities Inc acquired Fairview-based industrial water and wastewater services provider Watchorn Rentals Ltd for an undisclosed amount as part of its strategic growth plan.
Sources told The Wall Street Journal that private equity-owned discount retailer Dots LLC is readying itself to file for bankruptcy as the company struggles from the competition given by flash sites.
Miller's Ale House, a chain of restaurants owned by private equity firm Roark Capital Group, has withdrawn from a deal to build a restaurant in Pittsburgh's SouthSide Works Complex, the Pittsburgh Post-Gazette reported.
India-based Aurobindo Pharma Ltd will be purchasing the generic drug operations of Dublin-based Actavis in seven countries in Western Europe in a deal worth around €30 million, Bloomberg reported.
The Office of the New York Attorney General will continue with the lawsuit without claim to damages it lodged against Bank of America over its 2009 purchase of Merrill Lynch, Bloomberg reported.
