The fate of the joint venture firm of Founder Securities and Credit Suisse have yet to be known after the former reveals its plans to sell its stake in the joint venture and merge with China Minzu Securities.
Sectors
Paulson will not increase his gold bet - source
Gold might not have been a great investment, which was evident in a Reuters report about John Paulson not making any additional investments on buillion as his PFR Gold Fund lost 63% this year so far.
Uber seen leaving Berlin market with parting of management team
The three-person management team of private limousine service Uber had severed ties with the company six months after the car service company launched its services in the capital of Germany.
Alpine Data Labs obtains USD16 million in venture capital to support big data platform
Alpine Data Labs, creator of open source software framework named Hadoop, received USD16 million in new funding from investors including Sierra Ventures and Mission Ventures.
BC Partners, Onex and American Securities vie for Ikaria - sources
Ikaria Inc is being fought over by BC Partners Ltd, Onex Corp and American Securities LLC, of which the bidding war could fetch up to USD 2 billion for the former, according to sources who were familiar with the matter.
Latest News
Dealogic data showed a big increase in the acquisition activity of big tech companies in Israel, pushing the Middle Eastern country to become a global player in the innovative tech arena.
France-based multinational mass media and telecommunication firm Vivendi took a pause from big acquisitions to decide on how to spend the remaining USD14 billion from asset sales after cutting debt.
Sungy Mobile, a global provider of mobile internet products and services, has priced its initial public offering on NASDAQ at USD11.22 per American depositary shares (ADS).
Repsol Chairman told Bloomberg in an interview that the oil producer is willing to acquire assets in US, Canada and Northern Europe. The company is willing to spend up to USD 10 billion for the acquisitions.
Resolution Ltd. is looking to sell its business unit Lombard located in Luxembourg. However, terms of the deal were unknown as talks on the sale of Lombard are still in a preliminary stage.
German enterprise software group SAP announced on Friday that it was debating internally whether to accelerate moving more of its business to the cloud, a quick change in its overall strategy that could have a small impact on its target to grow sales to more than EUR20 billion.
Thirty-one percent of investors said the settlements with regulators and fines issued by regulators against banks for selling shoddy mortgages were not enough to cause a change in the behavior of the lenders, the Bloomberg Global Poll revealed.
In a report, the Business Standard said private equity firms are a significant contribution to the consolidation of IT services and BPO sector in India. There were five private equity transactions closed this year that totaled USD1.13 billion in value.
Billionaire Zhang Zhirong offered USD589 million to take Glorious Property Holdings Ltd private, a move is seen as an effort to save a troubled shipbuilder that he founded.
