Clearlake Capital Group closed its acquisition and recapitalization of Bluefly. Private investment firm Clearlake Capital Group announced the completion of its purchase and recapitalization of online retailer Bluefly.
Sectors
Billionire Elon Musk receives US$4.3 million of share options for his work on Model X
Billionaire Elon Musk would receive US$4.3 million in share-based pay for his recent work on Tesla's Model X sport-utility vehicle.
Nova Capital acquires Newell Rubbermaid brands
Nova Capital had agreed to purchase five Newell Rubbermaid brands. The specialist accquirer for portfolios in the corporate and private equity markets,Nova Capital, announced its entry into a definitive agreement with the hardware group of Newell Rubbermaid.
Tesco cedes control to China Resources Enterprise in new venture
Tesco said it has agreed on a joint venture with a state-run company in China. International retailer Tesco Plc agreed on a joint venture with China Resources Enterprise Ltd but will cede control to the state-run firm.
CORRECTED: Snowden-used Lavabit, Silent Circle email services shut down after US gov't order
Encrypted email platforms Lavabit and Silent Circle shut their services down after refusing to cooperate with the US government on data surveillance.
Latest News
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 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 signed an agreement to buy five brands of the Newell Rubbermaid Hardware Group in a deal worth USD 214 million.
Content monetization firm Skimlinks bought InvisibleHand, an eCommerce product matching and pricing comparison platform, for an undisclosed amount.
Tesla Motor Inc. rallied 14% after posting its second quarter earnings report which helped the fortune of Elon Musk to rocket by US$570 million yesterday.
French food company Danone announced its acquisition of YoCrunch for an undisclosed amount. France-based food company Danone SA acquired YoCrunch. The deal enabled Danone to strengthen its foothold in the yoghurt market in the US.
The sovereign wealth fund of Norway said it increased its share of equity holdings from 62.4% to 63.4%.
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.
