Qatar's Al Jazeera is mulling over a bid for a controlling stake Turkish pay-TV company Digiturk. Digiturk is an Istanbul-based satellite TV provider with an enterprise value of $1.5 billion.
Corporations
Bayer to acquire Algeta in $2.9 B deal
Germany-based healthcare and agricultural products company Bayer said it will be buying Norway-based Algeta, its partner in developing a prostate cancer therapy, in a deal worth $2.9 billion, Bloomberg reported.
Paddy Power expands in Ireland by buying nine Hacketts bookies
Ireland-based gambling group Paddy Power has expanded the number of its outlets in Ireland through the purchase of nine bookies from Hacketts for an undisclosed sum.
GT Capital purchases 40.7% of Toyota dealership in the Philippines
Philippine-based conglomerate GT Capital Holdings Inc bought more than 40% of car dealership Toyota Manila Bay Corp (TMBC) in a deal valued at PHP502.25 million.
Bloomberg report says Jack Ma, Zhang Jindong poised to shake up China's wireless market
A Bloomberg report said Jack Ma and Zhang Jindong may be allowed to create phone companies in China with the possible issuance of their licenses this month.
Latest News
According to Nordea Bank, Norway-based Atlantic salmon farmer Marine Harvest will be leading the consolidation of the seafood industry as fish prices improve, Bloomberg reported.
3D printing company 3D Systems has bought the solid ink product design, chemistry, and engineering teams of Xerox in Wilsonville, Oregon for $32.5 million, according to a press release.
Bristol-Myers Squibb is reportedly exiting its stake in a diabetes joint venture with AstraZeneca for $3 billion. Bristol-Myers shifted its focus from producing diabetes and hepatitis C treatment drugs to medicines harnessing the immune system to fight cancer.
Dish Network Corp., which lost out to Japan's SoftBank in its attempt to buy Sprint Corp., is looking to offer a bid to acquire telecoms company T-Mobile US Inc. Sprint last week said that it is considering to bid for T-Mobile.
The revival of initial public offerings in the US and Europe which started this year is set to continue next year, the Financial Times reported.
Munich, Germany-based travel marketplace Excursiopedia has added Moscow, Russia-based startup Travelatus in an effort to become a leader in the international travel industry and help travelers find local activities.
A 50-50 joint venture to develop a CNY 2.58 billion or $425 million land in Hangzhou was formed between Greentown China Holdings and Wharf Holdings.
Two of the top websites that link businesses with freelancers, Elance Inc and ODesk Corp, have merged to form a service with 8 million registered individuals.
NWS Holdings Ltd, owned by Hong Kong tycoon Cheng Yu-tung, entered an agreement to purchase a stake in Beijing Capital International Airport Co from sovereign wealth fund GIC Pte.
