Dropbox purchases app maker Mailbox for an undisclosed amount. Leading online file storage technology firm Dropbox Inc announced that it would purchase the start up firm behind Mailbox, the hottest email management application in the market today.
North America
Pinnacle Foods Eyeing US$2 billion in IPO
Pinnacle expecting IPO to net US$2 billion. Pinnacle Foods, the packaged food maker owned by the Blackstone Group LP is deep in preparations for its initial public offering.
Taylor Morrison to Start Marketing IPO
Taylor Morrison is now undertaking plans to market its IPO. Renowned homebuilder in the U. S. and Canada, Taylor Morrison Home Corporation (TMHC) will proceed with its initial public offering next week according to sources.
AB InBev and Justice Dept extend talks
AB InBev and DOJ continue discussions on sale to Constellation of Grupo Modelo brands and brewery. Anheuser-Busch InBev NV and the Justice Department will seek court permission to extend talks on a settlement proposal of a lawsuit blocking the beermakers acquisition of Grupo Modelo SAB.
Time Spin Off Cuts Both Ways
Time Inc will split from Warner Inc. The creation of the largest publicly traded magazine publishing company may just be the portent of deals that would also include ownership stakes in People Magazine and Sports Illustrated.
Latest News
Ackman's investors seeking clarifications on investments in JC Penney and Herbalife. Two of the institutional investors comprising William Ackman's US$12 billion hedge fund are planning to ask more information on the investment made in beleaguered retailer JC Penney.
Ameren to sell merchant generation business to Dynegy. Ameren Corp, the American power company, will be selling off its merchant generation business to Dyegen Inc.
AT&T puts to rest speculations on the sale of its non-core assets. AT&T announced last Thursday that it would be selling off its non-core assets in order to gain additional financial flexibility.
Hostess brand Drake's to be bought by McKee Foods. Bankrupt snack cake icon Hostess Brands Inc announced that its Drake's snack cake subsidiary would be purchased by McKee Foods Corp.
DirecTV withdraws from race to buy Vivendi's GVT. The largest American satellite television provider, DirecTV, has ended its chase of Vivendi's GVT.
Morgan Stanley passes Fed test for JV purchase. Morgan Stanley is now nearing the completion of its acquisition of the rest of its wealth management joint venture after completing its testing with the US Federal Reserve.
AEG now off the market according to owner Phil Anschutz. Phil Anschutz, billionaire owner of AEG, has pulled out his sports, music and arena company from the market.
IBM and EMC are partnering to discuss takeover of SoftLayer. EMC Corp and IBM are quietly discussing with web hosting company SoftLayer Technologies Inc to purchase the privately held database web hosting company.
Hulu appoints Andy Forsell as Interim CEO pending decision by Disney and News Corp on future of the website.
