Exploration company Xanadu Mines, together with its joint venture firm Mongol Metals, have agreed to purchase a 90% stake in the Kharmagtai copper-gold project in Mongolia from Turquoise Hill Resources in a $14-million deal.
Mergers & Acquisitions
American digital media firm SpinMedia acquires itself, nabs $10M in funding
Hollywood, US-based digital media firm SpinMedia Group acquired SpinMedia LLC for an undisclosed amount, and poured in $10 million in funding to deal with the company's debts.
Jos. A. Bank in talks to acquire peer Eddie Bauer from private equity owner
Clothing retailer Jos. A. Bank, which is in a takeover war with Men's Wearhouse, is reportedly in talks to buy Washington-based peer Eddie Bauer. Eddie Bauer is owned by New York hedge fund Golden Gate Capital.
Woodbridge International Opens Office in Santiago, Chile
Woodbridge International, a global mergers and acquisitions firm specializing in middle-market companies, announced the opening of its new office in Santiago, Chile. Senior M&A Advisors Giorgio Olivari and Andrés Bahamondes will be leading Woodbridge's Chilean team.
Total Gaming Technologies Inc, buys into parent firm Pacific Online- a Philippine lotto operator
Total Gaming Technologies Inc (TGTI), a subsidiary of Philippine-based lotto operator Pacific Online Systems Corp (LOTO) purchased 1,544,700 common shares of its parent firm for PHP23.29 million for investment purposes.
Latest News
The Committee on Foreign Investment in the United States or Cfius is expected to thoroughly scrutinize the $2.9 billion acquisition of Motorola's handset business by Chinese technology firm Lenovo.
Indian venture capital firm IDG Ventures and Canadian investor Ascent Capital picked up a minority stake in New Delhi-based software solutions provider Newgen Software Technologies for INR110 crore.
Private equity firm Vector Capital has acquired and made a growth equity investment in cloud-based application lifecycle management solutions provider CollabNet Inc. Financial terms of both deals were not provided.
According to analysts interviewed by Bloomberg, Hewlett-Packard Co. (HPQ) and Seiko Epson Corp may want to consider acquiring growing 3D printer company Stratasys as oppose to building their own printers if the former wants to tap the growing 3D printing market real soon.
High-end luxury brands might be able to demand their preferred deal prices as Asian, Middle Eastern and private equity buyers scramble to acquire a share in the profitable luxury goods market.
The mergers and acquisitions activity in the Southeastern portion of the US rose 17% last year, according to data from Mergermarket Group news service, The Tennessean reported.
Sunnyvale, US-based GPS app maker Telenav acquired Berlin, Germany-based navigation startup Skobbler in a deal valued at approximately $24 million in a combination of cash and common stock.
Bangalore, India-based online fashion retailer Myntra raised $50 million in funding as it got approached by e-commerce giants Amazon and Flipkart as the round closed.
San Jose, California-based digital video recording (DVR) company TiVo announced that it will add Durham, North Carolina-based cloud-based content discovery service Digitalsmiths for an undisclosed amount.
