Qualcomm sells Omnitracs to Vista Equity Partners for USD 800 million

Qualcomm inked a definitive agreement to sell subsidiary Omnitracs Inc to Vista Equity Partners in a deal valued at USD 800 million.


Slice raises USD23 million in Series B funding

Startup company Slice received USD23 million in Series B funding from Japan's Rakuten, among others.

Alibaba keen on controlling board after IPO: sources

Sources said Alibaba Group Holding would like to keep board control after its initial public offering in Hong Kong.

Rosneft CEO purchases USD 5.5 million shares

Rosneft CEO Igor Sechin bought company shares amounting to USD 5.5 million. The Chief Executive Officer of Rosneft acquired company shares worth USD 5.


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Baring Private Equity Asia would be acquiring Indian outsourcing firm Hexaware Technologies for USD 400 million.
China Mobile gave initial 4G contracts worth CNY 20 billion or USD 3.2 billion to both Chinese and foreign companies.
Sources told Reuters that Chinese copper company Jiangxi Copper Co could be a potential buyer for Glencore Xstrata’s Peru mine.
Nasdaq officials opted to ensure that no panic trading was to be done when they open after a 3-hour outage.
Fresh from the film success of "Man of Steel", Warner Bros has been bankrolling a 2015 production of another Superman sequel with Ben Affleck cast as Batman.
Although Nokia's restructuring efforts kept it financially afloat, Moody's predicted a wavering position for the Finnish company in the smartphone market.
Billionaire Carl Icahn announced on Twitter that he had set dinner with Apple CEO Tim Cook to discuss plans for the company's buyback program.
Smartphone accessory makers in China were not too happy about switching their product focus on non-Apple products.
Koch Industries confirmed in an email to BBC about a Daily Caller report of the company backing out on a bid for Tribune Co.'s publications, including Los Angeles Times and Chicago Tribune.
In a Form 4 filing done by George Lucas' wife Mellody Hobson with US Securities and Exchange Commission, GWL Living Trust purchased 141,573 shares on August 19 for USD10 million.