Philippines-based personal care manufacturer Splash Corp announced the sale of its minority interest in Medical City owner and operator Professional Services Inc for PHP295 million.
Sectors
Charter preparing official bid for US cable firm Time Warner
US-based company Charter Communications is reportedly preparing to make an official offer to acquire Time Warner Cable for less than $140 per share, according to a news report.
China Everbright Bank raises $2.6B in Hong Kong IPO
Chinese lender China Everbright Co raised $2.6 billion in its third attempt at a Hong Kong initial public offering (IPO) of 5.08 billion shares priced at HK$3.98 apiece.
PLDT completes sale of 27% ePLDT stake to Philippine firm Philweb
Philippine-based telecommunications firm Philippine Long Distance Telephone Company (PLDT) completed the divestment of its 27% holding in its wholly owned subsidiary ePLDT Incorporated to Philweb Casino Corporation (PCC).
KKR, Goldman exit stake in US retailer Dollar General for $252M
KKR & Co and the private equity arm of Goldman Sachs Group Inc quietly exited their investment in US discount retailer Dollar General Corp on Wednesday in a stock sale valued at $252 million.
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Recent study about the unfamiliarity of Bitcoins in most of Americans deduced that unless the virtual currency actually collapses, speculators, especially early investors, could continue reap gains as the virtual currency continuously rises.
Australia-based oil explorer Senex Energy Ltd has made a preliminary offer to buy and merge with AWE Ltd, according to two sources familiar with the matter.
US-based oil and gas company BreitBurn Energy Partners LP has announced a definitive agreement to acquire oil and gas properties in Texas' Permian Basin for an estimated $282 million.
The news about Google Inc's plan to use the technology of British chip designer ARM Holdings Plc for the former's server chips had seen the latter's shares rising to as much as 5.7%.
BlackBerry Ltd released a brief statement late Thursday that it has extended its deadline for debtholders who would like to purchase additional shares to January 13 next year.
With Microsoft wanting to consider an internal employee for its new chief and its rumored shortlist dwindling with the promotion of Steve Mollenkopf as new Qualcomm chief, a TechCrunch report said the tech giant's new CEO might be Microsoft Cloud and Enterprise chief Satya Nadella by default.
Cambridge, England-based ARM's acquisition of graphics and lighting tech for games maker Geomerics was strategic, as the former intends to extend its reach in visual computing.
According to one of the two sources who were knowledgeable of the process, private-equity firm Sycamore Partners might announce its $1.2 billion acquisition of Jones Group Inc as early as next week.
SecondMarket founder and chief executive Barry Silbert claimed in an article on Entrepreneur that Wall Street will soon invest their money in hundreds of millions into Bitcoin.
