Alibaba Group has purchased 28% of AutoNavi Holdings Ltd for US$294 million. China's largest e commerce company, the Alibaba Group has purchased a 28% share in AutoNavi Holdings Ltd, the digital mapping company.
Regions
Lloyds pay back LTRO
Lloyds pay back Eur3.5 billion of LTRO received from ECB. Lloyds Banking Group had announced that by next week, it would be paying the remaining Eur3. 5 billion or US$4.
Warburg Pincus Raises US$11.2 billion
In a watershed moment, Warburg Pincus raises US$11.2 billion. One of the largest private equity funds raised since the 2007 crisis has been put together by Warburg Pincus LLC.
Greek three month Tbill sale underway
Greece is again selling a three month treasury bill to pay off a previous issue. Greece will commence the auction of Eur1. 0 billion or US$1. 29 billion treasury bills with a term of three months from issue.
Nigeria to Sell Eurobonds
Nigeria is preparing to sell nearly US$1 billion of Eurobonds. According to Nigerian Finance Minister Ngozi Okonjo-Iweala, Nigeria is planning to sell US$1 billion worth of Eurobonds.
Latest News
Icahn and Southeastern Asset Management sent a letter to indicate interest in bidding for the world's third largest PC maker.
Ares purchases AREA Property and undertakes management shakeup. Ares Management LLC disclosed through an announcement that it inked a final contract to purchase AREA Property Partners, LP.
Rio Tinto's Northparkes mining rights in Australia are in the cross hairs of the Carlyle Group.
Scale Venture Partners raise US$300 million. Scale Venture Partners announced today that it was able to secure US$300 million in pledges at the conclusion of ScaleVP IV LP, going beyond the actual amount it was aiming to raise.
Lehman may sell off US$14 billion in unsecured claims to raise funds to pay off debts and other claims.
NLB and NKBM, Slovenian banks are planning capital hikes totalling Eur767 billion. Two of Slovenia's largest banks, namely NLB and NKBM are planning to introduce capital hikes worth a combined total of Eur767 billion or US$1 billion.
eleni LLC would build African commodity exchanges with the help of Sir Bob Geldof's 8 Miles Fund.
Dell Corp responds to the Icahn-Southeastern Asset Management offer. On Friday, Dell Inc. issued its reply on the suggested alternative presented by Southeastern Asset Management and Carl Icahn.
uParts signs a US$2 million financing deal from GRP and Fraser uParts, Inc disclosed the conclusion of its Series A investment round, headed by GRP Partners and Fraser McCombs Capital plus the participation of other prominent personalities in the automotive industry.
