The London-based online music provider tries to break into several Asian counties in an effort to race with Pandora in global expansion efforts.
Investors
RBS seeks buyer for Australian Schools Portfolio
The Royal Bank of Scotland announced their intention to sell their Australian Schools Portfolio. The Royal Bank of Scotland PLC announced that they are seeking a buyer for a unit that manages and maintains 11 schools in the Victoria state of Australia.
Lexington set to win Generali Portfolio
Assicurazioni Generali SpA agreed to sell private equity fund stake to Lexington Partners. Assicurazioni Generali SpA announced that they have agreed to sell private equity fund stakes to Lexington Partners, Inc.
Zambia to invest US$410 million in oil refinery to lower fuel costs
Zambia would invest US$410 million to build an oil refinery that could lower the fuel costs. Christopher Yaluma, Zambia's Mines and Energy Minister, stated that the country planned to build an oil refinery worth US$410 million.
Multimedia Plus gets private financing and new board of director
Multimedia Plus announced the successful conclusion of their private financing with individual investors. Seperately, the company also announced that Ernest Pomerantz has joined the company's board of directors.
Latest News
AT&T Inc's deal to sell Leap Wireless International Inc.'s block of airwaves clouded the real value of the acquisition.
Malaysia's Boustead planned to make its plantation REIT private and offer an IPO. Malaysian company Boustead Holdings Bhd stated that it would be making private its US$190-million plantation REIT.
Altamont partners with GSO Capital Partners to grant refinancing to Billabong to help stabilize the company and fund its expansion endeavors.
Cargotec's MacGregor announced that they have entered an agreement to acquire the privately owned Hatlapa Group.
Sany alleged Zoomlion of kidnapping Liang Wengeng and his assistant Two of the construction giants in China have escalated their rivalry in an attempt to get a bigger share in the construction equipment industry in the country.
Altamont entered into an agreement to purchase DAKINE from Billabong. San Francisco-based Altamont Capital Partners (Altamont) entered into contract to purchase DAKINE, a leader in action sports accessories, from Billabong International Limited.
Bernanke speech and US retail sales sent most Asian stocks down. US retail sales, which were weaker than expected, caused most Asian stocks to drop Tuesday.
The insurance deal between Athene and Aviva was placed under review. The insurance deal between Athene Holding Ltd. and Aviva PLC was placed under review.
Sims Metal Management Limited announced the sale of its interest in Metal Management Aerospace, Inc to ELG Utica Alloys.
