JBS SA, the world's largest meatpacker, has put off a plan to raise 4 billion reais ($1.7 billion) from the initial public offering of its pork, poultry and food-processing operations in Brazil, two sources with direct knowledge of the decision said.
French media group Vivendi has finalised an agreement to sell its Brazilian broadband business GVT to Spain's Telefonica for cash and shares worth around 7.2 billion euros ($9.29 billion), the companies announced on Friday.
Premium car maker Audi expects to sell more than 1.7 million cars in 2014 even as sales momentum in some emerging markets slows, Chief Executive Rupert Stadler said.
French media company Vivendi (VIV.PA) picked Telefonica (TEF.MC) for exclusive talks over the sale of its Brazilian broadband unit GVT, spurning a rival bid from Telecom Italia (TLIT.MI).
The battle over Brazil's telecoms market is heating up, with the country's biggest fixed-line firm Oi signaling it may make an offer for Telecom Italia's local mobile business.
Facebook Inc is expanding its new video advertisingservice, allowing marketers to show the television-like spots to users of the social network in Britain, Brazil and five other countries, the company told Reuters.
iZettle, Swedish mobile company, pockets $55.5 million in a series C round led by Zouk Capital with other participants such as Dawn Capital, Intel Capital, Creandum, Greylock, Index, Northzone, and SEB.
Sao Paulo, Brazil-based curated web platform Netshow.me closed an undisclosed amount in its seed funding round from Buscape co-founder Rodrigo Borges to offer online concert service for artists and musicians.
London, UK-based venture capital firm Amadeus Capital picked up an undisclosed stake in Sao Paulo, Brazil-based online insurance broker Bidu.com for $4.5 million to take advantage of the growth in emerging markets.
Milan, Italy-based mobile app development platform AppsBuilder bagged $1.5 million in a funding round from United Ventures to consolidate its businesses in the UK and the US.
Naguib Sawiris has been looking at a potential investment in Telecom Italia, his latest attempt after failing to get hold of stake two years ago, reported Ventures Africa.
Moscow, Russia-based affiliate marketing and advertisement firm CityAds Media nabbed a $5-million investment from private equity investor Klever Internet Investments in exchange of a minority stake in the ad company.
Because of its worsening economic climate, private equity and venture capital investors have reduced fundraising for Brazil by more than 70% in the past two years, the Financial Times reported.
Perth, Australia-based gold explorer Orinoco Gold entered an agreement to acquire the 70% stake of gold and silver producer Troy Resources in a gold mine in the Sertao gold mine located in Brazil.
Apple will be offering a no-contract iPhone 5s for $1,169 when it debuts its first store in Latin America, marking the most expensive price for its iPhones, Bloomberg reported.
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