Intel Corp is asking USD 500 million for OnCue, the service that allows users to access pay TV programs through a high speed Internet connection, according to sources interviewed by Bloomberg.
Sectors
DBS and ABN AMRO place final bids for Societe Generale's Asian private bank -sources
Singapore's DBS Group Holdings, Credit Suisse, and ABN AMRO are among the shortlisted suitors that have placed their final round bids for Societe Generale's Asian private bank.
Indian Angel Network eyes investment opportunities in UK, Singapore
The Indian Angel Network, the country's oldest and largest angel investor network, is hunting for investment opportunities in the UK and Singapore. IAN expects to announce its first UK deal during the first half of 2014, while it will begin its Singapore operations in the latter half of next year.
Report cites reasons to invest in small and mid-cap equity funds in India
For Indian investors comfortable with the risks of investing in small and mid-cap stocks, a report from The Economic Times gives reasons why now would be a good time to invest in this segment.
Chinese game developer Giant Interactive receives USD2.82 privatization bid
Chinese billionaire Yuzhu Shi and a Baring Private Equity Asia affiliate sought to take Giant Interactive Group Inc. private for USD11.75 per American Depositary Share (ADS). The consortium values the Chinese online game developer at USD2.82 billion.
Latest News
German-based pharmaceutical giant Bayer is preparing an acquisition bid amounting to NOK306 (USD49.9) per share for its Norwegian partner Algeta, according to a German newspaper.
Bain Capital has began raising USD3.5 billion for its fourth European private equity fund. The American private equity firm also offered its investors two fee structure to choose from.
Prompt.ly, a startup that provides a mobile-based SaaS platform for "The Invisible Economy" of service providers has received USD 1.5 million in seed funds from Facebook's Ethan Beard, Subtraction Capital and other investors.
Investment firms Carlyle Group, Blackstone Group, Apollo Global Management, Bain Capital, Ares Management and a consortium of Onex Corp and Canada Pension Plan Investment Board are reportedly bidding for Illinois Tool Works' industrial packaging unit in a deal that could bring in USD3 billion.
New York-based online auction site CharityBuzz has raised USD100 million in funding for good causes such as UNICEF, Breast Cancer Research Foundation, St. Jude's Children's Research Hospital, by auctioning off time and possessions of famous people.
Palo Alto, California-based digital magazine app Flipboard might be raising an additional USD50 million in funding as continuation to its first USD50 million capital, according to sources cited in a Fortune report.
Jones Energy Inc has signed a deal to purchase oil and gas assets in the Andarko Basin from a private seller. The price tag for the producing and undeveloped assets is USD 195 million.
Big Data firm ColdLight Solutions has obtained growth capital from Kayne Partners. The amount of funding was not disclosed but ColdLight said it will help expand operations and scale their business solutions.
After all the speculation, denial, and rumors, Apple finally confirmed its purchase of Israeli-based 3D sensor firm, Primesense. So the question now is - what happens next? What would Apple develop next that would revolutionize technology?
