The Japanese government will shoulder the decontamination costs from the 2011 Fukushima nuclear disaster through the sale of its shares in Tokyo Electric Power Co. Decontamination costs are estimated to reach ¥2.5 trillion.
Corporations
London-based global advertising firm DraftFCB acquires independent creative agency Inferno
London-based global advertising firm DraftFCB has acquired independent creative agency Inferno in a takeover transaction that could give the agency a market valuation of £20 million.
American software giant Oracle will acquire email marketing firm Responsys in a deal valued at $1.5 billion
American software giant Oracle said today that it will acquire email marketing firm Responsys in a deal valued at $1.5 billion, to combine it with recent acquisition Eloqua.
Info Edge invests more than $700,000 into Bangalore-based online photography startup Canvera Digital Technologies
Info Edge(India) Ltd, a company that runs several consumer Internet portals, has infused more than $700,000 into Bangalore, India-based online photography startup Canvera Digital Technologies Pvt Ltd.
New York-based media group News Corp acquired Dublin, Ireland's social news agency Storyful at €18 million
New York, US-based media group News Corp has acquired Dublin, Ireland's social news agency Storyful in a deal valued at €18 million ($25 million) to help surface and validate user-generated news online.
Latest News
Sprint chairman and SoftBank chief executive Masayoshi Son was reportedly meeting senior bank executives in New York. Sources said that banks are readying proposals for financing a bid by Sprint Corp. for T-Mobile US.
Veritas Investments, the owner of the Mad Butcher business in New Zealand, is poised to spend $3.4 million in combined cash and shares to acquire a stake in the local Burger King patty supplier Kiwi Pacific Foods.
Tokyo-based trading firm Mitsui sold its new shares in Indonesia-based motorcycle financier Bussan Auto Finance (BAF) to Ciptadana Capital and Yamaha Motor Group in a deal valued at IDR350 billion ($28.7 million).
Software company Dealertrack Technologies will buy out online marketing and sales provider Dealer.com for $1 billion. Dealertrack will pay $620 million in cash and $373 million in stock.
Boston-based firm Liberty Mutual Insurance Group reportedly paid more than €100 million to acquire a 49% stake in Irish Bank Resolution Corporation (IRBC), amid plans to open 150 new technology jobs in Dublin, Ireland.
Australia-based funds management group Alceon has acquired two shopping centers from Mirvac Group in a deal valued at $100 million as part of the listed group's non-core disposal program.
Facebook chief executive Mark Zuckerberg will be selling 41.4 million shares worth $2.3 billion as part of Facebook's follow-on offering of 70 million shares. The said stock offering is worth a total of $3.9 billion.
In a bid to expand its operations in China, The Hershey Company recently bought out Shanghai Golden Monkey Food Co, maker of over 200 varieties of candy, in a deal valued at $498 million.
Australia's treasurer Joe Hockey has given a conditional approval for State Grid Corporation of China's acquisition of stakes in Australian electricity and gas distribution assets.
