The Wall Street Journal

Sime Darby purchases 70% stake in Australian car dealer

Malaysian conglomerate Sime Darby Bhd announced that it has agreed to purchase a 70% stake in Australian car dealer Brisbane BMW Unit Trust and LMM Holdings Pty Ltd for AUD22.7 million (USD20.75 million).

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Sinopec, Apache eye Kitimat investment in Canada -sources

Chinese refiner Senopec is in discussions with American oil-and-gas firm Apache Corp regarding the purchase of a minority stake in a liquefied natural-gas (LNG) project in Canada, according to sources familiar with the matter.

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Carlyle to Buy Investor in Hedge Funds

US-based private equity firm Carlyle Group LP announced its plan to acquire Canada-based investor in hedge funds Diversified Global Asset Management Corp for USD33 million.

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TPG sees many opportunities in health-care cost containment

TPG Capital believes there are still many opportunities can still be found in the cost-saving goal of the country's current health-care reform, as stated by a principal at the megafirm.

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Delayed Sprouts stock offering to push through next week

Observers said the delay in Sprout Farmers Market Inc's stock offering is a rare occurrence, but the said plan is expected to push through next week.

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Vena inks deal to sell Uranium assets to Azincourt Uranium

Vena Resources Inc agreed to sell its 50% stake in Minergia SAC, the company's joint venture with Cameco Global Exploration Ltd, to Azincourt Uranium Inc.

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Three exchange companies weigh bids for Euronext

Euronext attracted individual bids from three exchange firms just a week after the company was acquired by IntercontinentalExchange Group Inc, according to sources familiar with the matter.

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LightSail Education raises USD3.5 million for literacy improvement

New York-based startup LightSail Education received USD3.5 million in a Series A funding round led by Viceroy Capital Advisors for marketing an app that helps improve students' literacy.

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Hiplogiq secures USD7 million in Series B financing

Texas-based marketing startup Hiplogiq raised USD7 million in a Series B funding round from Hadron Global Partners, to be used for the company's growth, expansion, and product promotion.

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Corporate Travel Management to buy majority stake in Westminster Travel

Australia-based Corporate Travel Management (CTM) announced that it is seeking to raise AUD53 million (USD49.6 million) to buy a 75.1% stake in travel service provider Westminster Travel.

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Duxton buys farm stake in New Zealand

Singapore-based fund manager Duxton Asset Management purchased a 50% in seven cattle and sheep farms in Otago, New Zealand, and is looking for further investments in the country.

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Jolla to launch Nokia-powered smartphone

Finland-based tech startup Jolla Ltd announced that it will launch of its first pricey smartphone called Jolla on Nov 27, which is powered by Nokia's obscure MeeGo software.

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IPO candidate King reveals 500 million Candy Crush downloads

IPO candidate British game maker King revealed its Candy Crush Saga title has been downloaded over half a billion times and played over 150 billion times to date.

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Apax may create conflict of interest in Cengage bankruptcy

United Kingdom-based Apax Partners aimed to become one of the largest equity holders of textbook publishing company Cengage Learning Inc after the latter exits from bankruptcy.

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Zulily prices IPO above range at USD22

Seattle-based online clothes retailer Zulily Inc raised its initial public offering (IPO) price to USD22 per share above the previously expected range of USD18 to USD20 per share.

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