Two French banks, Societe Generale and Credit Agricole, disclosed plans to increase its ownership stakes in asset manager Amundi Group and derivatives broker Newedge Group.
Investors
Coresystems nabs USD15.5 million in first external Series A funding round
Swiss mobile app maker Coresystems had received its first external funding since 2002. Coresystems received USD15. 5 million from investors in a recently concluded Series A funding round, TechCrunch said in a report.
Dropbox, Cybozu enters into strategic partnership to boost foreign market share
Zendesk and Tokyo-based Cybozu's new partnership agreement would have both firms embarking on a joint product integration and marketing efforts to boost each other's product in Japan and the US.
Siemens to buy back EUR4 billion of own shares
Siemens AG said that it had set aside EUR4 billion or USD5.4 billion for its stock buyback program. In its statement, Europe's largest engineering company Siemens AG revealed plans to launch a EUR4 billion or USD5.
Phi Optics closes seed funding round
Imaging startup Phi Optics Inc secured USD250,000 in seed funding from venture capital funds. Imaging solutions developer Phi Optics Inc raised USD250,000 in seed funding through a funding round led by Champaign's Serra Ventures.
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Food giant Nestle announced its intention to sell the bulk of its Jenny Craig business to private equity firm North Castle Partners.
Some industry observers see the rise in Bitcoin value as a bloated valuation. In an article on TechCrunch, digital currency Bitcoin was reportedly on a comeback after a series of market value setbacks.
Petronas Chemicals Group Bhd would be selling a 93.1% ownership stake in Phu My Plastics and Chemical Company Ltd (PMPC) to Asahi Glass Co Ltd and Mitsubishi Corporation.
State-owned Tsinghua Unigroup Ltd offered to buy RDA Microelectronics Inc for USD 18 per share. RDA Microelectronics Inc said it received its second buyout offer after more than a month.
Power transmission product maker inked a definitive deal to acquire Danish energy company Svendborg for EUR80.1 million.
Toll Brothers Inc would be buying the home building business of privately-owned company Shapell Industries Inc for USD 1.60 billion.
Artists' social community DeviantART raised a new round of funding amounting to USD10 million from Autodesk.
All retail locations of video rental chain Blockbuster would be closed by January 2014, owner Dish Network said.
Some investors expressed discontent at the investment plans of giant phone maker Samsung Electronics.
