Yahoo, because of objections from the French government, has withdrawn its bid to acquire DailyMotion.
Sectors
Z Energy Ltd to Open for IPO
Z Energy Ltd open for IPO in New Zealand. Z Energy Ltd's owners, a gas station conglomerate that provides one third of all of New Zealand's fuel needs, has appointed a number of banking institutions for the possible sale of as much as 60% of the company on the public bourse.
Glass Lewis Changes Tune
Glass Lewis changes tune on Occidental Petroleum Chairman Ray Irani. Investor advisory firm Glass Lewis has made an about face on its recommendation for voting preferences for Occidental Petroleum Executive Chairman Ray Irani.
Uber's CEO Says No Financing Discussions Ongoing
Uber is said to be in venture financing discussions despite CEO pronouncements. Uber, the fast growing alternative taxi transportation service is now in discussion with a venture capital firm about a new funding round that is forecasted to value the company at about US$1 billion.
Icahn Increases Stake in Nuance Communications
Carl Icahn increases stake from 9.27% to 10.72% in Nuance Communications. Activist billionaire investor Carl Icahn has increaseed his shareholdings in software manufacturer Nuance Communications.
Latest News
Two private equity consortiums are bidding for BMC Software. A private equity consortium consisting of Bain Capital LLC and Golden Gate Capital Corp has become the leading bidder to purchase BMC Software for over US$6.
Veeva System to list IPO with the help of Morgan Stanley and Deutsche Bank AG. Software company, Veeva Systems, is planning to undertake an initial public offer of its shares.
Despite calls for his resignation, Vivendi Chairman Fortou remains steadfast in his plans for the company.
Judge rules the share-buyout provision in the offer is not violative of the law. In a ruling, a New York judge set aside a potential obstacle to sell the Empire State Building as part of an REIT IPO.
Shutterfly purchases and acquires MyPublisher. In an announcement calling the recent move as 'best in class', Shutterfly CEO Jeffrey Housenbold said that when MyPublisher is used with Shutterfly's cloud based system, the platform would 'set the standard for design, choice and quality in the personal publishing and social expression category.
Intel Capital appoints new Investment Director Intel's global investment and mergers and acquisitions organization, Intel Capital, appoints Tobi Oke as its new Investment Director to lead the investment team for the firm.
Armstrong Asset Management appoints Yasushi Ujioka as its investment director. Armstrong Asset Management appointed Yasushi Ujioka as the new Investment Director of the Singapore based company.
FIT's management buyout plan supported by FF&P Private Equity and acquirer EEMG. The private equity arm of Fleming Family and Partners, FF&P Private Equity has supported the buy-in management buyout of FIT, the specialist energy efficiency business.
Aepona bought out by Intel Aepona, a cloud-based network solutions company, has been acquired by Intel. Amadeus Capital Partners is the biggest venture financier of Aepona.
