Deutsche Telekom is nearing an agreement to sell 70% of its stake in German online-classifieds business Scout24 holding. It will be sold to private equity firm Hellman & Friedman in a deal that would value the business at EUR2 billion.
North America
August secures USD8 million for smart lock device
California-based home automation startup August secured USD8 million in a Series A funding round to be used to manufacture the company's flagship smart lock product.
Yahoo! Inc returns more cash to investors, increases share repurchase plan by USD 5 billion
After its July buyback of shares held by Third Point, Yahoo! Inc has increased its share buyback authorization by USD 5 billion. The company also aims to offer convertible notes worth USD 1 billion.
CenturyLink buys cloud service provider Tier 3
US-based telecommunications giant CenturyLink acquired enterprise cloud service provider Tier 3 in a deal that improved the combined company's speed, security level, and product offerings.
Acquisitions help bolster Salesforce revenue
Salesforce.com Inc said acquisitions help increase the company's sales in the third quarter. Salesforce posted third quarter revenues of USD 1.08 billion, which represented a 35% increase compared to figures from the previous year.
Latest News
Massachussetts-based TV advertising platform Clypd raised USD7.2 million in Series A-1 funding from Atlas Ventures, Freestyle Capital, Boston Seed Capital, and angel investors John Battelle and Brightcove.
International consumer packaging company Chesapeake Services and packaging solutions firm Multi Packaging Solutions Inc entered into a definitive agreement to merge, subject to customary closing conditions and regulatory approval.
Desert Hot Springs on Tuesday announced that it would run out of money in March due to higher-than-expected salary and pension costs. It said that it could join other California cities that filed for bankruptcy last year.
JPMorgan Chase & Co finalized a USD13-billion settlement with the US Justice Department to end a long legal fight over the bank's risky mortgage practices that helped pull down the country's economy.
Cloud-based recurring revenue management solutions provider Aria Systems was able to get USD 40 million from Bain Capital Ventures and other investors for its fourth funding round.
Petroleum company Devon Energy Corp. was nearing a deal to takeover Texas-based GeoSouthern Energy Corp. for USD6 billion. This would be Devon's second large transaction in less than a month.
After years of continued growth since the first modern accelerator began in 2005, the startup accelerator trend has slowed for the first time in 2013, according to a report from TechCrunch.
Private equity firm New Mountain Capital LLC is exploring a sale of Inmar Inc, a provider of coupon processing and logistics services to companies, seeking more than $600 million, according to three people familiar with the matter.
The following bids, mergers, acquisitions and disposals were reported on Tuesday including Nokia, IntercontinentalExchange Group, Goldman Sachs and others.
