Shares of SFX Entertainment Inc dropped 2.6% in early trading post-IPO. Music festival producer SFX Entertainment Inc saw its share price dropped in early trading just after raising USD260 million in its public listing.
Sectors
Microsoft ups hacker offer, pays USD100,000 for Windows 8.1 bypass
A hacker identified as James Forshaw received USD100,000 in prize money from Microsoft Corp's bug bounty program for finding a new way to bypass security of Windows 8.1.
Meetup makes first acquisition, buys Dispatch
Meetup had acquired its first company, tech startup Dispatch, for an undisclosed amount. Offline group meeting facilitator platform Meetup had made its first acquisition.
Bharti Retail and Walmart dissolve partnership
In a joint statement, Bharti Retail and Walmart dissolve their Best Price partnership in India. After weeks of speculation, Bharti Enterprises and Wal-Mart Stores Inc had announced that they are going on their separate ways for operations in the retail sector.
Stonepeak Infrastructure Partners secures USD 1.65 billion for Fund I
In an oversubscribed funding round, Stonepeak Infrastructure Partners raised USD 1.65 billion in capital commitments for its first fund.
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In a bid worth AUD1.5 billion, Westpac stands to acquire the asset finance and commercial lending units of Lloyds Banking Group in Australia.
Thoma Bravo would be purchasing Empirix Inc for an undisclosed amount. Private equity firm Thoma Bravo announced that it had inked a definitive agreement to purchase Empirix Inc.
A total of USD24 million in investments was received by Website translation software startup Smartling in a recent founding round led by Tenaya Capital.
GTCR announced that it had approved a deal to sell portfolio firm Six3 Systems to CACI International.
A report from The New York Times' The DealBook said the US government would stand to lose billions of dollars in lost tax revenues should corporate inversion continue.
A joint venture firm was agreed to be formed between Siemens AG and John Wood Group John Wood Group Plc, the energy service firm together with Siemens AG, the German industrial conglomerate, have announced the formation of a joint venture entity to create a globally integrated rotational equipment service unit.
Saks Inc Stephen Sadove was appointed to the Board of Directors of JC Penney. JC Penney Co said the Chief Executive Officer of Saks Inc, Stephen Sadove, would be joining its board of directors.
Meridian Properties did not push through with its planned EUR 170 million due to adverse market conditions.
Multiple issues regarding the imposition of collectible tariffs have affected the schedule of imported coal power plants of Tata Power.
