HomeAway entered Asia-Pacific via Travelmob acquisition. HomeAway has acquired a majority stake of 63% Travelmob, a Singapore-based startup. This acquisition allowed the vacation rental site to enter the Asia-Pacific region and compete directly with Airbnb.
Asia/Pacific
Private equity firms to exit India tech companies
Private equity firms, Providence Equity Partners and ChrysCapital, reported that it may exit Idea Cellular and HCL Technologies respectively in the near future.
Blackstone Group acquires India's Agile Electric Works
Blackstone Group placed more investments in India by acquiring Indian auto parts maker Agile Electric Works.
McGraw-Hill acquires shares in joint venture with Tata Group
McGraw-Hill Education acquired minority ownership share in Tata McGraw-Hill Education Private Limited originally held by two Tata charitable trusts.
Deals of the day -- bids, mergers and acquisitions
The following bids, mergers, acquisitions and disposals were reported by on Wednesday. The following bids, mergers, acquisitions and disposals were reported by on Wednesday.
Latest News
Billabong gets an unsolicited refinancing offer a day after it accepted a rescue package from Altamont Capital Partners and GSO Capital Partners.
Beijing Enterprises Water Group Ltd. would purchase Standard Water Ltd.'s two project units for CNY1.35 billion as it expands further in China.
NEC Corp's talks with Lenovo Group Ltd. was stalled due to disagreements on majority proprietorship and patents.
ET Now's Nikunj Dalmia advised investors to keep Aurobindo Pharma in their radar. Nikunj Dalmia of ET Now shared his views on the stock market. According Dalmia, "It is a fractured market, a divided market.
Coal India considered 3 Australian acquisitions. According to a source who was familiar with the matter, "Coal India is examining three proposals from Australia.
Reserve Bank of India's decision to increase borrowing costs eliminated the country's largest bond gains and further extended the US$8 billion fund outflow.
Bernanke's testimony caused world stock markets to waver between gains and losses. The testimony of US Federal Reserve Chairman Ben Bernanke made investors cautious.
China intend to develop seven latest gas fields worth US4.9 billion in the East China Sea, a territory claimed by Japan.
Jet Li-endorsed game developer planned to offer an IPO in Hong Kong. Suzhou Snail Digital Technology Co. , a game developer which online game was endorsed by Jet Li, was planning of offering an IPO in Hong Kong.
