Private equity firms Columbia Capital and Rho Ventures purchase minority stakes in sports content producer Mandalay Sports Media.
Sectors
Source says possible collapse of Dell's buyout seen unless voting standard changes
A source said that unless Dell's special committee revises the voting standard, talks of Dell's buyout by CEO Michael Dell and private equity firm Silver Lake will collapse.
Two out of three Aussies have smartphones
According to research, almost 64% of Australians owned a smartphone. According to new research on the Australian smartphone market, almost two thirds of the entire population of the continent owned a smartphone.
IBM cooperates on SEC probe of cloud revenue
IBM cooperated on the SEC probe of its cloud revenue. IBM Corp. stated Wednesday that it was cooperating with US regulators on a probe of its cloud revenue.
Merz Pharma expands market reach after acquiring Neocutis
Merz Pharma acquires Neocutis in an effort to boost its presence in the field of both medical and cosmetics.
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Apigee secured an equity funding worth US $35 million, which will be used to expand its presence globally.
True Religion Apparel Inc. appointed David Conn as its new Chief Executive Officer. The portfolio company of TowerBrook Capital Partners, True Religion Apparel Inc.
Gimme Credit's analyst Dave Novosel downgrades Motorola's rating from "buy" to "sell."
Siemens will gain EUR400 million from selling stakes in Nokia Siemens Networks. Siemens's recent exit from its Nokia Siemens Networks stake will net the engineering group a total of EUR400 million or US$530 million, according to the company's chief executive Joe Kaeser.
The recently-held talks between Apple and China Mobile could benefit both companies. The recently-concluded talks between Apple CEO Tim Cook and China Mobile Chairman Xi Guonhua could be beneficial to both, Reuters said in a report.
The company's latest smartphone release failed in the market despite good reviews. Nokia recently released its latest offering with the Lumia 1020.
The rejection of Fiat SpA's request to value 54,000 Chrysler shares by the Delaware Chancery Court allowed the United Auto Worker's retiree trust case to go to trial but Fiat remained unfazed.
NXT Capital raised US $783 million after it finished its senior debt fund raising. Chicago-based NXT Capital said it closed its US $783-million Senior Loan Fund II, L.
Sweco completes the acquisition of Vectura, making it the largest single company to offer engineering consultancy in Sweden.
