Multiple sources and data from purchasing contracts indicated that Intellectual Ventures had slowed down in its patent buying to raise USD3 billion in capital.
Sectors
Robinson Retail starts gauging IPO appetite in investors
The Wall Street Journal cited a source who said the Robinsons Retail Group of the Philippines had started testing investor demand in the company's planned USD800 million initial public offering.
Ackman pares USD1 billion bet in Herbalife to 40%
Activist investor William Ackman told investors through a letter dated October 2 that he had reduced over 40% of his USD1 billion investment with nutritional supplements company Herbalife.
Oi SA's merger with Portugal Telecom would be simple
The ownership structure of the new merged firm between Oi SA and Portugal Telecom would be simple, compared to the previous structure.
AEG Live is cleared of liability in Michael Jackson's death
Concert promoter AEG Live was not responsible for Michael Jackson's death, the jury ruled. A jury in a Los Angeles court cleared concert promoter AEG Live of any liability in Michael Jackson's death in 2009.
Latest News
Credit analysts said that the divestment of DONG Energy's 26% stake to two funds managed by Goldman Sachs and two Danish pension funds may lead to a reassessment of its negative credit outlook.
Rosneft chief executive Igor Sechin said to reporters on Thursday that his company would be considering buying Lukoil's stake in its Venezuelan consortium.
The Alibaba Group led the Series C round for Quixey, of which its latest funding round raised USD 50 million in capital commitments.
Investment advisor Jemstep said it was able to add USD 4.5 million for its Series A follow-up round.
Aqua Capital said it was able to close its Agribusiness & Food Fund with USD 173.4 million. Private equity firm Aqua Capital announced the close of its Agribusiness & Food Fund, of which had gathered USD 173.
Veeva Systems Inc filed for a USD 182.6 million IPO in the New York Stock Exchange. Cloud computing company Veeva Systems Inc filed for an initial public offering to raise up to USD 182.
Under the joint venture agreement, Essar Energy can exercise a USD5 million option to sell its shareholdings in the joint venture project with the Kenyan government.
Veeva's cloud software solutions expansion would go full blast after the capital infusion post-IPO.
Blackstone completed its acquisition of Multi Corporation. Private equity firm Blackstone recently finalized its purchase of Multi Corporation, a Netherlands-based shopping center.
