Online music-streaming service Spotify has raised $250 million in a new funding round, making it one of the world's most richly capitalized start-ups.
Investors
Half of angel investors regret 2013 investments -survey
A recent survey by analytics company Worthworm found that 46% of Angel investors regretted the investments they made in 2013 because of overly optimistic financial projection and unrealistic pre-money valuations.
Party City gearing up for early 2014 IPO: sources
US-based party goods retailer Party City Holdings Inc is preparing for a potential initial public offering (IPO) in early 2014, according to anonymous sources familiar with the matter.
Jefferson County, Wall Street creditors agree on revised terms to end bankruptcy
Officials of Jefferson County in Alabama said it had arrived at a new agreement with its Wall Street creditors that would pave the way for its exit from its USD 4.2 billion bankruptcy.
Turning sewage into money and power in Africa
Nyeri County and Karatina University in Kenya are working on a project that can turn sewage into biogas that can power the local water pumps and reduce electricity costs.
Latest News
The following bids, mergers, acquisitions and disposals were reported on Thursday including Omnicom, General Motors, Deutsche Telekom, Devon Energy and others
Sources name the Carlyle Group LP and a combined group from Danaher Corp and Blackstone Group LP to have successfully advanced to the final stage of sale negotiations for J&J's diagnostics unit
Deutsche Telekom announced on Thursday that it would be selling its 70 percent stake of Scout24 to the SF-based Hellman & Friendman group while still retaining a 30 percent stake. The deal is worth 2 billion EU.
The scheduled $35.1 bilion tie-up of both advertising giants Omnicom and Publicis, would be pushed to mid-2014 as the latest date, as announced by both Chief Executives on Thursday.
Spanish telecom group, Telefonica, announced on Thursday that it was open to talks about mergers, acquisitions and deals to share its networks in Mexico in order to streamline its operations.
SF-based mobile payment and carrier billing provider, Boku, acquires India's largest carrier Billing company, Quebecell. Providing them with a centralized hub in penetrating Middle East and Asian markets.
Hotel operator Hilton Worldwide Inc, owned by private equity firm Blackstone Group LP, will increase the size of its initial public offering to about $2.25 billion, according to a source familiar with the matter.
Blackstone Group LP said Thursday it had hired David Calhoun, chief executive of television ratings company Nielsen Holdings NV, to work with the bosses of the private equity firm's companies in order to deliver more value.
Chinese drug retailer Asia Health Century International, backed by private equity firm CVC Capital Partners Ltd, is planning a Hong Kong IPO of up to $300 million next month, the Wall Street Journal reported on Thursday.
