Despite not gaining any revenue, Snapchat raised $60 million in Series B funding. Snapchat, a photo messaging application, announced that International Venture Partners was its biggest investor in the company's latest round of Series B financing.
Sectors
German retailer Douglas boosts perfume unit
Douglas, a retailer company from Germany boosted its perfumeries business. (Photo : Reuters)The image shows shoppers inside a perfume retail store. Douglas, a German retailing firm, announced that it was selling Eur500 million or US$655 million to its perfumeries and scents business.
Club Med's board sells stake
Members of the board of Club Med have agreed to sell their stake on the company. (Photo : Reuters)The image is just another idyllic day at Club Med. The board of directors of Club Mediterranee accepted an offer from two shareholders to take over the company.
CVC subsidiary's fund flotation generates Eur351 mil
CVC's private equity arm floated one of its credit funds to acquire Eur351.2 million. (Photo : Reuters)The image is the corporate logo of CVC Capital Partners.
ANA and AirAsia's economical airline joint enterprise faces deadlock
ANA Holdings will purchase AirAsia’s way out of their budget airline cooperative enterprise in Japan, leading to a disbanded bond.
Latest News
Artisan Partners launched Artisan Global Small Cap Fund, a new active equity fund on Tuesday. (Photo : Reuters)The image shows US dollar bank notes. Artisan Partners launched Artisan Global Small Cap Fund, a new active equity fund on Tuesday.
RiverPark/Wedgewood Fund announced today that as of June 21, 2013, the assets under its management have reached a total of US$1.9 billion.
Billabong lost HSBC Holdings Plc as a syndicated lender after the latter sold a portion of its loan to a specialized investment firm.
Billionaire Wang Jing of HKND Group said he has found global investors to fund the Nicaragua Canal construction.
Cerberus planned to increase its stake in Seibu Holdings Inc. by recommending people to the company's board however shareholders rejected said plan.
State run oil and gas companies, ONGC and Oil India announced to pay US$2.5 billion for Mozambique field stake from Videovon Industries Ltd.
Aegion Corporation announced today the executive of definitive agreement to acquire Brinderson LP and related entities valued at US$150 million.
bluebird bio Inc. announced closing of its initial public offering after selling 6,832,352 shares priced at US$17 per share piece.
Carrefour, the second largest retailer in Europe planned a sale on its China and Taiwan businesses. (Photo : Reuters)The image shows grocery carts from Carrefour.
