Sources told Bloomberg that early talks were on-going between Liberty Global and Intel Corp for a possible purchase of the chip maker's online pay-TV service.
Corporations
Majid Al Futtaim to buy Spinneys supermarket chain
Majid Al Futtaim Holding LLC announced that it will be acquiring a Jourdan branch of the Middle East supermarket chain Spinneys. This year, the company also acquired a minority stake in Majid Al Futtaim Hypermarkets LLC.
Malaysia's Petronas divests stake in Canadian shale gas asset
Fortune Global 500 and Malaysian oil company Petronas will be divesting its shale gas assets in Canada's Progress Energy Resources Co. Petronas was reportedly selling part of its stake to Indian Oil Corp.
Russia's AdMoment raises USD3 million from venture funds
Russian mobile real-time bidding platform AdMoment Russian mobile advertising startup AdMoment raised USD3 million from two venture funds. Prostor Capital and international fund e.
Shuttersong raises seed funding for app that embeds music into photos
Boston-based tech startup Shuttersong raised USD1.675 in seed funding for the development of a unique app that lets users embed sound clips into JPEG images.
Latest News
Australian diversified company Abacus Property Group raised USD75 million in a share sale, the proceeds of which would be used to more properties in New South Wales, Queensland, and Victoria.
Pepsico CEO says that India has degraded from 'must invest' to 'must deal with' because of infrastructure issues such as corruption and unclear taxation policy.
Merz Pharma group recently bought Geneva-based aesthetics medicine specialist Antes SA for an unconfirmed amount in a transaction that would extend its product reach to North America
Fortune 500 Western Refining Inc. was negotiating a purchase of a majority stake in Northern Tier Energy LP for USD775 million to capitalize on the rising oil production in the US.
Kuwait's Zain blames the decline in the Sudanese pound as well as other foreign exchange factors for the company's fifth straight decline in quarterly profit.
Canadian company Saputo Inc's AUD449 million offer for Warrnambool Cheese and Butter Factory Holdings Ltd. has been recommended by the WCB board and subsequently approved by the Australian government.
Birmingham-based United States Pipe and Foundry Co. and US Pipe Fabrication acquired Minnesota-based company Fab Pipe Inc. to expand its waterworks fabrication and distribution network in the Midwest.
A USD1.4 billion settlement is being negotiated between Bank of America and Freddie Mac on the issues related to the repurchase of faulty mortgages sold by the bank to the mortgage lender.
Allete Clean Energy, a subsidiary of US power company Allete, recently announced its acquisition of three wind farms located in Minnesota, Iowa, and Oregon, for USD27 million.
