Hotel booking startup HotelQuickly said on Tuesday that it had raised HKD9 million or USD1.16 million in its recent funding round that would go to developing its app and company expansion.
Sectors
Linc Energy CEO in talks with two groups for shale exploration project
Linc Energy CEO Peter Bond said they were already talking with two groups who were interested in taking part in its shale exploration project.
Telefonica increases stake in Telco to control Telecom Italia
Telefonica seeks to retain control over Telecom Italia through buyout of venture partners in Telco. Telefonica, the telecommunications group from Spain, had formalized a deal to secure control of Telecom Italia without the need to launch a full takeover.
BlackBerry worth 20% of book value
BlackBerry's valuation by Fairfax Holdings was set at 20% the book value, including cash. Once valued at USD83 billion, the Canadian smartphone maker Blackberry Ltd had declined to record the lowest ever valuation for a technology or telecommunications takeover for a North American firm.
Berjaya Philippines unit extends HR Owen buyout deadline
Berjaya Corporation Berhad's Philippines unit, Berjaya Philippines Inc, extended its GBP42 million or USD65 million takeover bid offer to minority shareholders of British auto dealer HR Owen to October 11.
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The rights to the Minas-Rio project is the main asset to be sold off by Anglo American as it faces mounting pressure to provide finances for the project.
Newmont Mining Corp CEO Gary Goldberg said they were looking at potential mine acquisitions as the value of gold fell.
A Reuters report cited two company sources who said Alibaba Group Holding Ltd would be going for a New York listing as plans for a Hong Kong initial public offering failed.
The largest US life insurer New York Life Insurance Co purchases Dexia Asset Management. The largest US life insurer owned by policyholders, New York Life Insurance Co had entered into an agreement to acquire a Dexia SA unit worth EUR380 million or USD512 million.
Chinese e-commerce giant Alibaba Group recently acquired similar Dropbox service Kanbox for an undisclosed amount.
California-based peer-to-peer lending company Prosper Marketplace disclosed that it had received USD25 million in funding from investors including Sequoia Capital and BlackRock, Inc.
On Wednesday, the Swedish government said that it has sold the last of its holdings in regional bank Nordea AB for SEK21.6 billion or USD3.4 billion.
A spokeswoman for activist hedge fund Cevian said the fund had increased its holdings from less than 3% to 5.2% in German multinational conglomerate corporation ThyssenKrupp.
Lufthansa Chief Executive Officer Christoph Franz said the European airline had left its door open for the possibility of forging a future alliance with Gulf airline companies.
