Just what is the Bitcoin? A report from Wired gives a clearer understanding of what the digital currency is, how it is used, where it can be obtained and how to keep your Bitcoin wallet safe from thieves.
Investors
JG Summit raises more funds for Meralco stock purchase
Philippine-based JG Summit Holdings Inc raised PHP8.8 billion through an overnight equity placement to fund a stake acquisition in Manila Electric Company (Meralco) and other corporate purposes.
Transgene supports SillaJen plans to purchase Jennerex
France-based biopharmaceutical company Transgene supported the proposal of South Korean contract research and development firm SillaJen Inc to acquire biotherapeutics company Jennerex. Transgene owns 8.5% of Jennerex.
Social network Bubbly in talks over possible acquisition
Singapore-based mobile social network for voice Bubbly is in talks with interested partners, including one gaming company, over a possible acquisition, according to the firm's chief executive officer.
Venture capital turns to algorithms for good deals- report
A Reuters PE HUB report said venture capital firms like the Ironstone Group are now harnessing the power of algorithms in order to get good deals.
Latest News
US-based private equity firm Carlyle Group LP announced its plan to acquire Canada-based investor in hedge funds Diversified Global Asset Management Corp for USD33 million.
Connecticut-based private equity firm Littlejohn & Co. was said to be buying e-commerce company Newgistics Inc. The deal will be financed by Littlejohn's Fund IV, which has a capital commitment of USD1.3 billion.
US-based generic drug manufacturer Mylan and two Indian pharmaceutical firms are in talks to buy Chennai-based Bafna Pharmaceuticals for an undisclosed amount, according to two sources familiar with the transaction.
Ramot Tel Aviv University Ltd secured USD17 million in funding for its Technology Innovation Momentum Fund, which will invest in breakthrough technologies in various industries.
A US district court has rejected Citigroup Inc.'s injunction barring Abu Dhabi Investment Authority (ADIA) from seeking a secondary arbitration over its USD7.5 billion investment in the then-beleaguered bank.
Holliday Fenoglio Fowler LP or HFF was able to secure USD 100 million in financing to fund the acquisition of Tower at Cityplace by Parmenter Realty Partners.
Mexican broadcaster TV Azteca purchased financially troubled soccer club Atlas on Monday in an acquisition deal valued at USD50 million, according to the club's president.
Boulder, Colorado-based tech startup Revolv raised USD4 million in a funding round led by The Foundry Group to add support for more devices and hire more employees.
Toronto-based merchant bank Minerx Group was out to prove that there is a plethora of opportunities in the the advanced exploration market with its new private equity arm called Minvest Partners, according to a Mining Markets article.
