Iron Pearl has been acquired by Paypal for an undisclosed amount. PayPal has announced the acquisition of Iron Pearl for an undisclosed amount. The renowned online payment service provider has been seeing fast growth as there are more than 5 million people who have been signing up and using the services.
Investors
Singapore's Heliconia to Acquire 2.6% Stake in Kotak Mahindra Bank
Singapore's Heliconia Pte Ltd is set to buy 2.6 percent stake in private sector Kotak Mahindra Bank for Rs 1,296 crore.
Private Equity Firm Carlyle Group Set to Sign Investment Deals in Africa
Private equity firm Carlyle Group is set to sign investment deals in Africa to tap the increasing customer spending in the continent.
Syros Pharmaceuticals Gets Additional Funding
Syros Pharmaceuticals gets US$30 million financing through a Series A round with institutional investors.
AXA Private Equity sells its Aixam Mega to Polaris Industries
European private equity firm AXA Private Equity has sold its majority stake in Aixam Mega to Polaris Industries, a US in group specializing in powersports.
Latest News
Riverstone Holding invests in Ridgebury Tankers and the management invests in itself. Riverstone Holding has invested US$200 million in the new tanker company, Ridgebury Tankers.
Gladstone purchases a farm in Michigan and leases it out to a corporate farmer. In an announcement, Gladstone Land Corporation has acquired a farm with a land area of 119 total acres where 89 is arable land.
The merger of Zon Multimedia and Optimus is being reviewed by Portuguese authorities to avoid the creation of duopolies in the country's pay-TV market.
Concerns about money laundering and violations of the Bank Secrecy Act hold back M&T Bank's purchase of Hudson City Bancorp Inc.
Wind of Italy is investing on a 4G network powered by Sirti and Huawei. Wind, the Italian mobile phone operator, is now investing US$1. 3 billion to build a fourth generation mobile broadband network to become more competitive against rivals Vodafone and Telecom Italia.
Preplay raises US$4.7 million in Series B funding. At the relaunch of PrePlay Inc's MLB PrePlay v2. 0 for Android and iOS, the company announced the closure of their Series B Financing at US$4.
The world's richest man can now get a license to operate a pay for TV service. Carlos Slim, the Mexican billionaire, is now undertaking an aggressive incursion into the Mexican television market to take advantage of the benefits provided by new legislations passed on telecommunications.
Sankaty offers CLOs for US and Europe through its first fund. The credit investment unit of Bain Capital LLC, Sankaty Advisors LLC, had begun raising its first fund focused on collateralized loan obligations.
Turkish conglomerate Calik Holdings is in the process of selling off its media shareholdings. Calik Holdings of Turkey has talks in progress to sell off its ATV television subsidiary to Time Warner Inc.
