Newsweek, after announcing it would end its print edition, was sold to online news giant IB Times for an undisclosed amount.
Consumer Electronics
Jeff Bezos buys the Washington Post
The Washington Post announced that Jeff Bezos had acquired the newspaper for US$250 million in cash.
Alliant Techsystems to buy Bushnell
A report stated that Alliant Techsystems are in discussions to buy Bushnell for around US$1 billion.
EZE Trucking with Atlantic Street Capital buys Rig Runners
EZE Trucking, with the backing of Atlantic Street Capital, acquired Rig Runners. EZE Trucking together with Atlantic Street Capital, a private equity firm, announced they have acquired Rig Runners.
Jones Lang LaSalle to acquire Kansas City realty firm
Jones Lang LaSalle stated it wanted to acquire Capital Realty in an effort to expand its industrial market presence in the Kansas metropolitan area.
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IBT Media ends weeks of speculation as it acquired Newsweek under undisclosed financial terms. In an announcement, IBT Media confirmed that it had reached a deal that acquires Newsweek from IAC/InterActiveCorp.
Brazos Private Equity Partners announced its partnership with Southern Tide, a growing lifestyle brand.
Del Monte invested US$13 million in a banana plantation in Maguindanao province, according to recent reports.
South Korean retail chain Shinsegai said that it will continue to invest in the local market this year to boost local demand.
Private equity firm M/C Partners announced the completion of its sale of Baja Broadband to Telephone and Data Systems Inc in a transaction worth USD 267.5 million.
For the first time in over six years, activity in the services sector in the UK grew to its fastest pace.
Rotunda Capital announced its exit from Worldwide Express today. Mid-market private equity firm Rotunda Capital Partners announced its exit from Worldwide Express today.
TJ Maxx and its rival Off Fifth planned to launch an online store this year that was expected to boost the sales of the business.
The Bay Area Rapid Transit workers union was poised to go on strike but was averted by the 11th hour intervention of California Governor Jerry Brown.
