Germany-based incubator program Rocket Internet is planning to team up with telecom provider MTN Group to form Middle East Internet Holding, to develop e-commerce firms in the region

Germany-based incubator program Rocket Internet is planning to team up with telecom provider MTN Group to form Middle East Internet Holding (MEIH), which will invest $410 million to develop e-commerce firms in the region.


What to watch in the Week ahead

It's the final countdown for retailers who have done their best to whet U.S. consumers' appetites for Christmas shopping deals, and the stores may show whether they have made the best of a truncated shopping season

AlienVault secures $30 million to close its Series D round led by GGV Capital

AlienVault, a provider of Unified Security Management solutions, secured $30 million to close its Series D round led by GGV Capital and first announced in September

UK engineering solutions provider Costain Group Plc exits its minority stake in three joint ventures to publicly traded water utility Severn Trent Plc

UK engineering solutions provider Costain Group Plc exited its minority stake in three joint ventures to publicly traded water utility Severn Trent Plc to raise investment funds and working capital.


Latest News

Singapore's national flight carrier Singapore Airlines Ltd announced on Friday its purchase of an additional 7.3% equity stake in budget carrier Tiger Airways Holdings Ltd in a deal valued at S$49 million ($38.7 million).
Hamilton, Bermuda-based global commercial property firm Brookfield Property Partners LP increased its offer to buy New York, US-based firm Brookfield Office Properties Inc by $1 per share after a bid evaluation.
Frankfurt, Germany-based private equity firm Nordic Capital said on Friday it has raised €3.5 billion ($4.8 billion) for its eight buyout fund amid decreased volatility in Europe.
London-based global advertising firm DraftFCB has acquired independent creative agency Inferno in a takeover transaction that could give the agency a market valuation of £20 million.
American software giant Oracle said today that it will acquire email marketing firm Responsys in a deal valued at $1.5 billion, to combine it with recent acquisition Eloqua.
Info Edge(India) Ltd, a company that runs several consumer Internet portals, has infused more than $700,000 into Bangalore, India-based online photography startup Canvera Digital Technologies Pvt Ltd.
New York-based online eyeglasses company Warby Parker has scored $60 million in a Series C funding round from its existing investors to beef up its customer support team.
New York, US-based media group News Corp has acquired Dublin, Ireland's social news agency Storyful in a deal valued at €18 million ($25 million) to help surface and validate user-generated news online.
Washington-based international law and lobby powerhouse Patton Boggs LLP has ended merger discussions with Texas-based law company Locke Lord LLP, according to a joint statement on December 19.
Shanghai-based investment fund China Media Capital (CMC) purchased a stake in Beijing-based business media entity Caixin Media Company Ltd from Zhebao Media Holding Group Co Ltd for an undisclosed amount.