Wonga acquires Germany equivalent of PayPal to expand its payment business
In its announcement today, Wonga said it had acquired Germany online payments service BillPay for an undisclosed amount.
Private Equity
Spotify Raises $1 Billion Through Financing Deal
Music streaming company Spotify raises $ 1 billion deal through financing in the form of convertible debt. TPG rounded the funds together with Dragoneer along with other institutional investors. The deal placed by Goldman Sachs is expected to close on April 2.
Yahoo Potential Buyers Have 14 Days to Present Their Bid
Yahoo potential buyers only have until April 11 to submit their bid. Along with the proposed amount are details on how the purchase would be financed, conditions or approvals to be met and what import..
Israeli investment firms get $665 million in 2016
Israel is witnessing an increasing number of new venture capital (VC) firms coming up. The country registered an inflow of $665 million VC funding during the first two months of the year. Unfazed wit..
Black Bear Diner Secured an Investment From PWP Growth Equity, Aims to Expand Business
Black Bear Diner had secured an investment from private equity fund PWP Growth Equity. The financial backing will be allocated to expand growth and coverage in new and existing markets. The restaurant..
Latest News
Kuwait invests in prime London real estate
The Kuwaiti Investment Authority's property division St Martins is in discussion to purchase the More London complex.
Money market fund flight occurred before passage of debt ceiling legislation in the US
About USD43 billion was pulled from the money market as investor fears of US debt crisis reached its height prior to Wednesday nights passage of much needed legislation.
New Dell board down to three seats
With Michael Dell owning 75% of his company, the new board would consist of himself and two other appointees from Silver Lake Management.
Poland to sell Euro denominated bonds post US shutdown
Poland, in order to finance the fourth quarter of the year, intended to sell Euro denominated bonds to increase the liquidity.
Dianping.com value higher than Yelp or Groupon - CEO
According to its CEO, Dianping.com's value is higher than Groupon and Yelp or about USD10 billion.
Ghana to receive first Deere-DuPont-Buffett Foundation grant
The partnership of Deere Co., DuPont Co., and the Howard G. Buffett Foundation would undergo its first project in Ghana's cocoa production region.
Hyundai Steel to make Hyundai Motor as its captive customer
The takeover of the Hysco businss ensures steady supply of steel for Hyundai Motor Corp.
New Silk Route acquires Moshe's
For an undisclosed amount, private equity firm New Silk Route acquires Mediterranean cuisine restaurant Moshe's for expansion purposes.
ICVL showed interest in Riversdale Mining coal mines
The International Coal Ventures Ltd consortium is interested in purchasing Rio Tinto.
