Yahoo has purchased 40 million shares owned by Third Point at US$29.11 per share. Third Point LLC, the firm headed by Dan Loeb, was at the forefront in the change of Yahoo's board a couple of years back.
Investors
Discount, Koor shares rise to highest number since May 2012
Discount and Koor shares rise to highest number in 14 months. Discount Investment Corp. (DISI) shares rose 8. 3 percent to 17. 29 shekels, resulting the highest value since May 2012.
Telefonica Deutschland Revives Acquisition Talks with KPN
Telefonica revives talks with KPN to acquire E-Plus mobile business. Spanish telecommunications company Telefonica SA (TEF) has restarted negotiations with Royal KPN NV to acquire German mobile-phone business.
India seeks help of non-resident citizens to reverse rupee slide
Indian government calls out to millions of non-residents for revival of rupee. India is planning on reviving the rupee by reaching out to millions of its non-resident citizens to assist in reversing the currency decline.
Telefonica offers to purchase KPN’s German business with cash and shares
Spanish telecomms company Telefonica has offered cash and shares of German unit for KPN's E-Plus.
Latest News
Hasbro Games remakes classic games and gains 19 percent increase in sales. World-famous toymaker Hasbro Inc. (HAS) is showing promising results in the sales of its games through iPad.
Beacon Equity Partners relinquishes its ownership over IP software Anaqua Inc in favor of Insight Venture Partners.
Clinicient gets USS $2.5 million investment from SaaS Capital to fund its product development and research including sales and market boost.
Creme Mel Sorvetes, mid-est Brazil's largest ice cream producer and distributor, gets investment from HIG Capital.
TriGate Property Partners closes at US $324.2 million; beyond its US $300 million target. Park Madison Partners, a real estate advisory firm, oversubscribed from its target fund raise of US $300 million for the closing of TriGate Property Partners.
Roark Capital acquires restaurant chain Miller's Ale House bringing its restaurant investment to 13.
Contatta raised US $3.25 million seed fund from investors Kickstart Seed Fund II and Grayhawk Venture Fund II.
SynapDx Corp accumulates US $15.4 million funding from investors led by Google Ventures. SynapDx Corporation closed US $15. 4 million in a funding round led by Google Ventures and joined in by Foundation Medical Partners.
Apposite sells portfolio firm ZONARE Medical to China-based Mindray Medical International Limited for US $101.7 million.
