London-based broadcaster ITV Plc has sold its remaining 6.79% stake in Scotland-based broadcaster STV for £7.5 million, severing a shareholder relationship that goes back to the 1990s.

Private equity giant Blackstone Group stands to get a huge profit from the initial public offering of Hilton Worldwide Holdings scheduled for today, a Bloomberg report said.

Vice Media has bought New York-based digital company Carrot Creative to experiment with ways to distribute its editorial content, in a deal valued between $15 million to $20 million, according to a source familiar with the transaction.

Investment banks Macquarie Group and UBS AG managed to raise $521.2 million in Australian insurer Cover-More's listing. Shares offered are priced at $2 per share and will start trading before the year ends.

Hollywood actor Leonardo DiCaprio has invested an undisclosed amount in Monaco-based electric car startup Venturi Automobiles and co-founded a new electric racing team which will compete in the Formula E series next September.

Internet giant Yahoo Inc. could raise around $36 billion should it decide to divest its entire 24% stake in Chinese e-commerce company Alibaba. Yahoo will be forced to sell much of its stake if and when Alibaba sells its shares in an IPO.

Google said it would be investing $600 million in its data center in Taiwan in order to better serve the needs of the technology consumers in the region.

The $2.1 billion stake acquisition of Anbang Insurance Group in China Merchants Bank Co has added to the speculation that the insurer is no longer interested in acquiring Hong Kong-based Wing Hang Bank Ltd.

Discovery Communications is looking to buy Food Network majority owner Scripps Networks Interactive. The possible deal could bring in a combined market capitalization of $43 billion.

Australia-based dairy firm Bega Cheese's offered to merge with Murray Goulburn to to preserve the Australian ownership of Warrnambool Cheese and Butter (WCB), amid a three-way bidding contest with Saputo for WCB.