Sources told Reuters that KKR would be favored by Panasonic to acquire a majority stake in its healthcare business.
North America
American Tower shells USD4.8 billion for MIP Tower acquisition, to own Global Tower
American Tower said it would invest USD4.8 billion for the acquisition of MIP Tower Holdings LLC, parent of Global Tower Partners.
ZappRX receives USD1 million in seed funding, promises to update prescription process
Pharmaceutical platform startup ZappRX received USD1 million in a recent seed funding. Pharmaceutical software startup ZappRX received USD1 million in its recent seed funding.
XBox boards Tell Aviv Startup Jinni for content catalog recommendations
Jinni has been boarded by XBox as its newest partner to power its video content catalog. Natural language processing-based video content recommendations provider Jinni was boarded as Xbox's newest partner.
Edge Products files for Chapter 9 protection
Edge Products filed for bankruptcy, a court filing showed. A court filing revealed that Edge Products had filed for bankruptcy under Chapter 11. The company is a manufacturer of aftermarket performance electronics for vehicle industry.
Latest News
The Vehicle Production Group is under new management as AM General purchased the DOE denominated debt.
According to a recent Lipper report, there have been fifteen weeks of outflows recorded for 2013. There is a continuous decline in the outflows from US municipal bonds, with numbers dropping below USD1.
FNB Capital Partners would focus on investing in mezzanine debt, private equity, subordinated notes and other financial instruments.
Traditional insurer American Family Insurance buys out online insurance provider Homesite Group Inc for USD616 million.
Mercato Partners with other institutional investors provided USD30 million for an oversubscribed Series B financing round for Ingram Medical.
StartX had partnered with Stanford University and Stanford Hospitals and Clinics for a grant accelerator fund for Stanford affilated entrepreneurs.
Michigan had joined six other states in a lawsuit to block the proposed merger of US Airways and American Airways to create the world's largest airline company.
Glenview Capital Management LLC had joined Hayman Capital Management LP in raising its stake in retailer JC Penney even after the departure of Bill Ackman last month.
According to a Reuters report, the US government would likely give its approval for the Smithfield Food Corp. and Shuanghui International Holdings USD4.7 billion deal.
