Paulson's Advantage Fund has declined gold shareholdings because of the decline in gold trading worldwide.
North America
Blackstone Group is Selling Off One of Its Portfolio Properties
Blackstone is in the process of selling Barker Block in Los Angeles. Blackstone Group LP is in the process of selling off its London West Hollywood hotel property to maximize the benefits provided by the surging Los Angeles lodging market.
Blackstone Quits Dell Race
According to anonymous sources, Blackstone Group withdraws from Dell takeover bidding. And now it has come to one, as Blackstone Group LP has withdrawn from the race for the takeover of Dell Inc.
Softbank Corp Bond Issue to Fund Sprint Bid
The dual tranche Softbank Corp bond issue proceeds would help fund the Sprint Nextel bid of the company.
IBM sells off server business to Lenovo
IBM has agreed to sell its x86 server business to Lenovo. The IBM Corp is discussing to sell off its x86 server hardware business to Lenovo Group, the Chinese computer manufacturer.
Latest News
Dish plays national security issue in its bid to stop the Softbank bid from pushing through. Dish Network has formally sought regulator intervention, specifically suspension of the review of the bid provided by Softbank Corp of Japan for the acquisition of Sprint Nextel Corp.
Johnson and Johnson accounted for 92.3% of shares bought back, complicating matters for the Royalty Pharma takeover of Elan Pharmaceuticals.
Verizon's CFO is in the process of putting together a bid for Clearwire. The Chief Financial Officer of Verizon Communications Inc had confirmed that the telephone company is in the process of putting up a bid for Clearwire Corp for its wireless spectrum.
DN Capital welcomes to the fold Imran Akram who would focus on finding equity deals in the digital media and software niche market.
GBP5 million was raised in the latest Series A financing round for Fits.me. Fits. me announced today that its Series A investment round had reached approximately GBP5 million.
Lone Star and Wells Fargo would divvy up the assets of Commerzbank. Lone Star, the private equity firm, and Wells Fargo are in talks to purchase a GBP4 billion or US$6.
TerraSim is acquired by Riverside. Pittsburgh, Pennsylvania-based TerraSim, has been acquired by The Riverside Company. TerraSim has been added to Riverside's platform of Bohemia Interactive Simulations.
Clairevest Group and its affiliate partners have invested in County Waste of Virginia. It was announced that Clairevest Group Inc. (Clairevest), Clairevest Equity Partners IV-A Limited Partnership and Clairevest Equity Partners IV Limited Partnership put together US$15 million to invest into Virginia's County Waste.
Hannon Armstrong Sustainable Infrastructure Capital is preparing for an IPO with a midpoint price per share of US$13.
