A source told Bloomberg that Virtela Technology Services would be bought by NTT Communications Corp for USD 512 million.
Corporations
Mubadala Petroleum in expansion mode
The subsidiary of UAE's Mubadala is on an expansion mode. Mubadala Petroleum has been looking to expand into overseas markets such as Thailand and Indonesia, as well as commence exploration work in Tanzania within 2013.
Anheuser-Busch-SABMiller merger most likely to happen within the year - analysts
The consolidation of Anheuser-Busch InBev and SABMiller was a natural progression when there were only a few markets to tap, said industry analysts.
Treasure Island barge rises speculation of new Google floating data center
Google Inc had not been shy investing large amounts of capital in data centers to improve its Internet infrastructure.
Liberty Global sells Chellomedia business to AMC Networks in USD1.04 billion deal
AMC Networks was set to own international content business Chellomedia for USD1.04 billion. According to AMC Networks Inc, it would be purchasing the international content business of Liberty Global Inc.
Latest News
General Motors Co said there were no problems with its partnership with Shanghai Automotive Industry Corp.
Equifax Credit Information Services would receive an undisclosed amount from SBI as an investment. Equifax Credit Information Services, the India-based credit information bureau, announced that State Bank of India would be making an investment in the company.
If the new airline becomes profitable, expansion through acquisition of other airlines in the European countries would be next on the agenda for Air Serbia, according to Deputy Prime Minister Aleksandar Vucic.
Despite saying the deal is finalized, a Dongfeng executive said it may take a bit more time before its completion.
In nixing the deal to allow the exit of Marathon Oil, a below market offer would be made shortly by the Libya owned NOC for the shareholdings.
In order to avoid the fiasco of Facebook on the NASDAQ, the NYSE ran simulated IPO tests to iron out glitches and kinks in its systems.
In a recommendatory report, Rothschild said it would be best to have the bank's bad debts placed in an internal bad bank instead of breaking up the bank.
Blackstone Group LP President Tony James sold 3.25 million shares managed through a firm controlled by his family.
In a news report in the Italian daily Il Messagero, a letter from Air France CFO criticized Alitalia for the lack of information regarding key decisions made on their joint venture where it owns 25%.
