Yahoo has purchased 40 million shares owned by Third Point at US$29.11 per share. Third Point LLC, the firm headed by Dan Loeb, was at the forefront in the change of Yahoo's board a couple of years back.
Regions
India seeks help of non-resident citizens to reverse rupee slide
Indian government calls out to millions of non-residents for revival of rupee. India is planning on reviving the rupee by reaching out to millions of its non-resident citizens to assist in reversing the currency decline.
Telefonica offers to purchase KPN’s German business with cash and shares
Spanish telecomms company Telefonica has offered cash and shares of German unit for KPN's E-Plus.
Defining currency risk and finding ways to minimize it
Currency risk is based on currency fluctuations of one currency as against another. In a nutshell, currency risk is a kind of risk that stems from the changes in the valuation of currency exchanges.
CFTC decides on landmark case
CFTC releases a decision penalizing Panther Energy LLC for its illegal activities done through spoofing.
Latest News
Hasbro Games remakes classic games and gains 19 percent increase in sales. World-famous toymaker Hasbro Inc. (HAS) is showing promising results in the sales of its games through iPad.
Beacon Equity Partners relinquishes its ownership over IP software Anaqua Inc in favor of Insight Venture Partners.
Clinicient gets USS $2.5 million investment from SaaS Capital to fund its product development and research including sales and market boost.
Creme Mel Sorvetes, mid-est Brazil's largest ice cream producer and distributor, gets investment from HIG Capital.
TriGate Property Partners closes at US $324.2 million; beyond its US $300 million target. Park Madison Partners, a real estate advisory firm, oversubscribed from its target fund raise of US $300 million for the closing of TriGate Property Partners.
Roark Capital acquires restaurant chain Miller's Ale House bringing its restaurant investment to 13.
Contatta raised US $3.25 million seed fund from investors Kickstart Seed Fund II and Grayhawk Venture Fund II.
SynapDx Corp accumulates US $15.4 million funding from investors led by Google Ventures. SynapDx Corporation closed US $15. 4 million in a funding round led by Google Ventures and joined in by Foundation Medical Partners.
Apposite sells portfolio firm ZONARE Medical to China-based Mindray Medical International Limited for US $101.7 million.
