In its first-ever acquisition, Seattle-based online dating site LikeBright picked up Utah-based matchmaking software firm MatchMate and is now embarking on a $1 million fundraising round.
Sectors
Indian billionaire buys luxury residences estate in Phuket
Indian business tycoon and Cosmo Films Ltd Chief Executive Officer (CEO) Ashok Jaipura bought the Malaiwana luxury residences estate in Phuket, Thailand for an undisclosed sum.
Pinterest name belongs to a social news startup - EU Trademark Office
Pinterest, the popular US social networking startup, will be having difficulties expanding in international markets after a ruling the European Commission's Office for Harmonization in the Internal Market, Trade Marks and Designs Division said the true owner of the brand name in the region is a London startup.
Israel's SuperCom completes Smart ID buy
Herzaliya, Israel-based National ID Electronic Intelligence solutions provider SuperCom announced the completion of its purchase of the Smart ID division of On Track Innovations.
Loeb's hedge fund outperforms peers with returns 25.2% returns in 2013
With its 25.2% gain, activist investor Daniel Loeb's Third Point beat rivals in 2013, Reuters reported. Loeb's hedge fund stayed in line with the Standard & Poor's 500 Index which rose 29.6% in the same period.
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Canadian Pacific Railway Ltd said it will be exiting a part of its Dakota, Minnesota & Eastern line to Genesee & Wyoming Inc for a price tag of $210 million.
Oleo e Gas Participacoes, controlled by Brazilian investor Eike Batista, promised to repay its $31.2 million debt in two oil fields located south of Rio de Janeiro. Oleo e Gas could lose its 40% stake in the said oil fields if it fails to repay its joint venture partners.
China-based rare earth metals producer Inner Mongolia Baotou Steel Rare Earth Group has added nine regional mining firms as part of a government bid to consolidate the industry.
Codere, a Spanish gaming group with €1.27 billion of debt as of last September, is seeking creditor protection and beginning talks to avoid insolvency. Codere may be unable to pay a €127 million loan due on January 5 if it fails to reach an agreement with its lenders.
Sources told the Financial Times that billionaire George Soros has bought a 3.1% stake in Spanish builder FCC. The acquisition happened just three months after Microsoft's Bill Gates also made a bet on the company.
Australia-based investment company Keybridge Capital Ltd is considering a share buyback using its $20.5 million cash in an effort to repel a takeover by its rival Oceania Capital.
The rising use of mobile computing has prompted the development of fresh technology startups around the world as international entrepreneurs hope to get a share of the markets for tablets and smartphones, the Financial Times reported.
Singapore sovereign wealth fund GIC has signed a deal to invest in London’s Broadgate development through a joint venture partnership with UK-based real estate developer British Land.
Blackberry Ltd has said in a statement on January 2 that it will be parting ways with its global creative director, musician and celebrity Alicia Keys.
