Paulson & Co agreed to acquire Steinway Musical Instruments for USD 512 million. Steinway Musical Instruments entered into a definitive merger agreement with Paulson & Co Inc on Wednesday.
Sectors
Manchester United signs new sponsorship deal with Bulova
Bulova replaced Hublot as Manchester United's official timekeeper. Manchester United inked a new three-year sponsorship agreement with Bulova. The US watchmaker would now be the official timekeeper of the second-richest sports franchise in the world.
Manduka Llc acquires yogitoes Inc, Meriwether Group advises
Manduka purchased yogitoes in a deal advised by the Meriwether Group. Eco-friendly yoga gear maker Manduka Llc acquired Skidless towel maker yogitoes Inc in a deal advised by the Meriwether Group.
Foxconn's second quarter earnings boost by 40.8% due to strong iPhone sales
Foxconn Technology Group's second quarter earnings report showed a boost of 40.8% due to strong iPhone sales and reduced costs by building factories in China.
Incline Equity Partners scores over USD 301 million for third fund
Incline Equity Partners said it was able to raise more than USD 301 million for its third fund. Incline Equity Partners (IEP) announced the successful closing of its third fund, which scored over USD 301 million in capital commitments.
Latest News
Private equity company EQT invested CHF 44 million in Swiss Smile. Nordic private equity firm EQT announced that it has backed Swiss dental chain Swiss Smile with a CHF 44 million investment.
MannKind Corp revealed that Afrezza proved to be effective in two late stage studies. MannKind Corp announced a major breakthrough in its diabetes therapy drug Afrezza.
Sources said DoCoMo would select from the smartphone models of Fujitsu, Sharp and Sony for the company's major winter product lineup.
Sources said that BC Partners Ltd would be holding its IPO a month earlier than originally planned. Sources told Financial News private equity company BC Partners Ltd (formerly Baring Capital Investors Ltd) was preparing its initial public offering (IPO) for its Foxtons Ltd shares this August.
Zynga announced the exit of some senior executives, including David Ko, Zynga's Chief Operating Officer, as part of the company's streamlining plans.
Barclays Finance Director Chris Lucas left his post due to health reasons as the multinational bank preps for their GBP6 billion cash call.
India's biggest producer Tata Steel is looking for a comeback with a 30% rise in share price this year, prompting an industry observer to suggest that investors sell their Tata stake now.
Billionaire Carl Icahn's tweet influenced Apple share prices, making the leading tech company's stock valuation rise by as much as USD17 billion.
Tencent upgraded WeChat as the Chinese company hoped to boost its revenue through addictive games on mobile devices.
