In order to comply with competition issues surrounding its July acquisition of Whyte & Mackay owner United Spirits Limited, Diageo PLC offered to sell majority of the latter's distilleries.
Sectors
Blackstone to exit from La Quinta via IPO
Blackstone Group LP's decision to sell its La Quinta Inns & Suites hotel chain was reportedly done in order to obtain higher returns as oppose to conducting a private sale, sources said to Bloomberg.
Line hits 300 million registered users, targets 500 million in 2014
Line, a message app based in Japan, proudly announced at a press conference in Tokyo that it has added another 100m people to its registered user count, totaling the number of registered users since its launch at 300 million. It hopes to hit 500 million registered users by 2014.
Markit industry report reveals private sector to bounce back in November
Despite positive Purchasing Managers Index data in both the manufacturing and services sectors, Markit's recent industry report also reflected a slowdown of hiring in the private equity sector.
Harris Interactive agrees to be acquired by Nielsen
Harris Interactive Inc. today announced that it has entered into a definitive merger agreement to be acquired by Nielsen Holdings N.V., a leading global provider of information and insights into what consumers watch and buy.
Latest News
Although Dubai seemed to have recovered from the 2009 debt crisis it experienced in 2009, it needs to sell some of its assets, including Mauser, to repay some USD50 million in debt, according to sources who told Reuters.
Italian automaker Fiat SpA said in its announcement today that although Chrysler Group LLC has postponed plans for a 2013 initial public offering, the former expected the latter to carry on with its plans for a share sale next year.
Hunter Walk and Satya Patel's creation of venture capital firm Homebrew was spawned out of the need to provide private equity investors accountability in their investments.
Facebook CEO Mark Zuckerberg gave his thoughts about NSA surveillance techniques in an episode of 'This Week on ABC today.' Zuckerberg thought that the government failed regarding its actions on privacy matters and calls for more transparency.
A shift in demand from big firms like KKR, Blackstone and Bain Capital to midsize firms like HIG Capital, Sentinel Capital and KPS Capital in investors was seen in a recent survey conducted by Preqin.
A joint bid that would later split up Time Warner Cable between Comcast Corp and Charter Communications Inc may allow the deal to avoid strict scrutiny from antitrust regulators and the Federal Communications Commission.
Chemring Group, a UK based firm that caters to the ordinance disposal, pyrotechnics, countermeasures and munitions markets, said it will be divesting some of its business units.
In his interview with The Cornell Daily Sun, former analyst of private equity firm Blackstone and incoming associate of venture capital firm New Enterprise Associates Andrew Schoen explained why venture capitalists exist.
The government of Taiwan has encouraged state-run Mega Financial to consider the possibility of merging with Chang Hwa Bank amidst difficulties in the banking sector.
