IBM has agreed to sell its x86 server business to Lenovo. The IBM Corp is discussing to sell off its x86 server hardware business to Lenovo Group, the Chinese computer manufacturer.
Investors
EBRD purchases 5.75% share in Tarnow
EBRD announces the purchase of 5.75% share in chemicals maker Azoty Tarnow. The European Board for Reconstruction and Development's Board of Directors has agreed to purchase a 5.
San Miguel Corp Raises Corp Bond Issue
The largest corporate bond issue of the Philippines was recently launched by San Miguel Corp. The Philippines' most diversified corporation, San Miguel Corporation has raised a US$800 million through a ten year bond issue.
Polyus Gold Raises New Fund
Polyus Raises nearly US$750 million through a bond issue. Polyus Gold, the biggest gold miner in Russia, has raised nearly US$750 million through a seven year Eurobond issue.
Blackstone Quits Dell Race
According to anonymous sources, Blackstone Group withdraws from Dell takeover bidding. And now it has come to one, as Blackstone Group LP has withdrawn from the race for the takeover of Dell Inc.
Latest News
Seaworld sold 10 million shares at US$27 per share totaling US$702 million. SeaWorld Entertainment Inc is backed by Blackstone Group LP, which has priced the shares for initial public offering of the theme park operator at US$27 per share.
Silver Lake Partners have completed Silver Lake Partner IV fund worth US$10.3 billion. Silver Lake Partners, the partner of Michael Dell in the privatization bid for Dell Inc worth US$24.
Paulson's Advantage Fund has declined gold shareholdings because of the decline in gold trading worldwide.
Tohiba and SunEdison have entered into an agreement to build megasolar plants. Toshiba Corp and a unit of MEMC Electronic Materials Inc, SunEdison have entered into an agreement to build solar power plants in Japan.
Dish plays national security issue in its bid to stop the Softbank bid from pushing through. Dish Network has formally sought regulator intervention, specifically suspension of the review of the bid provided by Softbank Corp of Japan for the acquisition of Sprint Nextel Corp.
Johnson and Johnson accounted for 92.3% of shares bought back, complicating matters for the Royalty Pharma takeover of Elan Pharmaceuticals.
CVC to purchase all of shares of Ista it does not already own. CVC, the private equity group is purchasing shares that it does not already own in Ista, the energy metering firm from Germany.
OPKO Health announced investment in OAO Pharmasynthez and partnership with Rusnano. OPKO Health Inc has announced that it would be investing about US$9.
Verizon's CFO is in the process of putting together a bid for Clearwire. The Chief Financial Officer of Verizon Communications Inc had confirmed that the telephone company is in the process of putting up a bid for Clearwire Corp for its wireless spectrum.
