Corporations

Mobility gets creditor protection as it prepares for buyout

Canadian wireless telecom company Mobilicity said on Monday that it had obtained approval of a CAD30 million or USD29.2 million debtor-in-possession financing in preparation of its buyout by an anonymous buyer.


Sacyr eyes sale of Vallehermoso property unit

Spanish property builder Sacyr announced the possible sale of its Vallehermoso unit. Spain-based builder Sacyr SA would be selling its property development unit in Vallehermoso.

CA Immobilien sells majority stake in Tower 185

CA Immobilien Anlagen announced it would sell two-thirds of Tower 185 in Frankfurt to two German pension funds.

NBA 2K14 set to launch October 1

NBA 2K14, the latest update of the popular video basketball game, would be launched on October 1. The new version of the video game NBA 2K14 would be launched on October 1, according to CBSSports.


Latest News

Rockstar North warned enthusiasts of possible problems with the online version of GTA 5 set to go live today.
Telecoms group SoftBank Corp founder Masayoshi Son was said to have purchased Tiffany Building for USD326 million, according to people who were familiar with the transaction.
Cooper Tire & Rubber Co shareholders voted in favor of the proposed merger with Apollo Tyres Ltd yesterday, according to a Bloomberg report.
Mercator had appointed BMO Capital Markets to lead a potential sale of the company after sales slumped, said a Bloomberg report.
According to a Bloomberg report, Brookfield Property intends to acquire the stake it doesn't own in Brookfield Office to consolidate both firms as one.
Compal Electronics announced a deal to buy its wireless device production division to reduce the company's spending cost.
America Movil's plan to acquire Royal KPN encountered price disagreements as KPN's management wanted a higher price for the offer, said sources.
According to a Bloomberg report, BlackBerry became so desperate to find a possible buyer for the struggling smartphone maker which resulted to an agreement to pay its biggest shareholder a rare breakup fee.
Vodafone Group Plc would appoint Aldo Bisio to be the company's new chief executive for Vodafone's Italian unit.
Dish Network Corp and Walt Disney Co. had reached an extension agreement while both parties were still in discussions over a long term deal.
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