The State Grid Corp of China officially completed the $7.5-billion purchase of interests in Australian power firms SP AusNet and Jemena from utilities group Singapore Power.
Mergers & Acquisitions
Retail chain Elektra to complete its takeover of Blockbuster Mexcio next week
Retail chain Grupo Elektra, controlled by Mexican billionaire Ricardo Salinas Pliego, is expected to close a deal to acquire video and video games sales and rental company Blockbuster Mexico next week.
Argentine market regulator CNV rejects Braskem's bid for Solvay Indupa
Argentina's stock regulator CNV on Friday rejected Braskem's $1.35 per share bid to buy roughly 30% of the shares of plastics maker Solvay Indupa that are traded on the Buenos Aires bourse. CNV said that the offer was below Solvay Indupa's book value of $2.81 per share as of September.
US video syndication startup Vidible secures $3.5M in Series A funding
New York City, US-based video syndication startup Vidible closed $3.35 million in a Series A fundign round led by Greycroft Partners, according to a regulatory filing in December.
Australian telecom firm BigAir to add Anittel Communications in $6.5M deal
Australia-based wireless network provider BigAir Group plans to add telecommunications firm Anittel Communications Pty Ltd (ACPL) from Anittel Group Ltd in a deal valued at $6.5 million.
Latest News
South Carolina-based 3D printing solutions provider 3D Systems bought California-based 3D modeling firm Gentle Giant Studios for an undisclosed amount just a month after announcing its intention to acquire Xerox Corp's engineering group.
45 year-old recycling magnate Chen Guangbiao, whose charity works and publicity stunts are more known rather than his business sense, has claimed that he will be extending an offer to acquire the New York Times Co for $1 billion.
In an attempt to argue against beliefs that this year will bear witness to a lot of bubbles, Jeff Bussgang said on his report that the technology sector will be contributing majority of groundbreaking records in terms of initial public offerings.
Shares in Tata Teleservices rallied to as much as 14.79% on Friday following news on buyout talks with British telecom company Vodafone. Indian conglomerate Tata Group is reportedly in talks with Vodafone to sell its 59.45% stake in Tata Teleservices.
FireEye-Mandiant merger signals shift of US companies regarding NSA surveillance and hacking attacks
The consolidation of security software companies FireEye and Mandiant was said to have signaled the hesitation of US firms to entrust the federal government the responsibility to protect its computer systems and will turn to private security providers instead, said a New York Times report.
Citing sources, Bloomberg reported that Singaporean lender Oversea-Chinese Banking Corp or OCBC has submitted a binding offer for Hong Kong-based family-run lender Wing Hang Bank Ltd.
In a bid to generate sales outside the country, Switzerland-based dairy company Emmi has signed an agreement to buy half of Mexico-based cheese and fresh product exporter Mexideli for an undisclosed sum.
Cox Enterprises, a media conglomerate based in Atlanta, has bought back its 25% stake in e-commerce company AutoTrader Group for $1.8 billion. Cox sold the said stake to private equity firm Providence Equity Parters for $640 million in 2010.
US-based firm Cooper Tire & Rubber Company announced via press release that it has called off its merger plans with India-based manufacturer Apollo Tyres and will focus on building its business instead.
