The sovereign wealth fund of Norway said it increased its share of equity holdings from 62.4% to 63.4%.
Sectors
Cheil Industries gets 50% stake of Novaled for EUR 260 million
Cheil Industries purchased a 50% stake in German lighting company Novaled for EUR 260 million. South Korea-based Cheil Industries bought a majority stake in Novaled, a lighting company in Germany that specializes in organic light-emitting diode (OLED) structures.
American Tower Corp okays deal to buy NII Holdings towers
American Tower Corp announced that it would be buying towers from NII Holdings for USD 811 million. For the price tag of USD 811 million, American Tower Corp (AMT) announced that it has agreed to buy 4,500 towers in Brazil and Mexico from NII Holdings.
Nova Capital agrees to buy Newell Rubbermaid brands for USD 214 million
Nova Capital signed an agreement to buy five brands of the Newell Rubbermaid Hardware Group in a deal worth USD 214 million.
Skimlinks acquires InvisibleHand
Content monetization firm Skimlinks bought InvisibleHand, an eCommerce product matching and pricing comparison platform, for an undisclosed amount.
Latest News
Wells Fargo will release credit cards issued on American Express in 2014. However, industry observers see this as a potential move to rise above competition.
Several sources said that BlackBerry is currently considering the possibility of taking the company private.
Sojitz Corp said it will be investing JPY 35 billion to build four solar power plants in Japan. Japan-based general trading company Sojitz Corp said it will be initiating its first few solar power projects in the country.
Apple would be given the upper hand if the International Trade Commission decided to favor the US tech titan.
NQ Mobile Inc of China aimed to hire US tech talents through a corporate structure that includes two CEOs in two separate headquarters.
The Croatian government issued an invitation for all interested bidders who are interested to acquire Hrvatska Postanska Banka, a state-owned local bank.
Sony Corp.'s hedge for its PlayStation game enterprise has backfired as dollar costs rise. The strategy of Sony Corp. that shielded its PlayStation game enterprise from a strengthening yen has backfired.
Tumblr founder David Karp gets US$110 million to remain in the company for the next four years. On Thursday, a regulatory filing revealed a US$110 million retention payment of Yahoo to David Karp, Tumblr's founder.
GDF Suez announced that it will be buying Balfour Beatty Workplace by the end of the year for less than GBP 190 million.
