America Movil offered to buy KPN's E-Plus for EUR 7.2 billion or USD 9.6 billion, a move that rivaled Spain Telefonica's bid made last month.
Corporations
Nova Capital agrees to buy Newell Rubbermaid brands for USD 214 million
Nova Capital signed an agreement to buy five brands of the Newell Rubbermaid Hardware Group in a deal worth USD 214 million.
Danone acquires YoCrunch
French food company Danone announced its acquisition of YoCrunch for an undisclosed amount. France-based food company Danone SA acquired YoCrunch. The deal enabled Danone to strengthen its foothold in the yoghurt market in the US.
Industry observers split over Wells Fargo's Amex-issued cards
Wells Fargo will release credit cards issued on American Express in 2014. However, industry observers see this as a potential move to rise above competition.
Sojitz Corp invests JPY 35 billion for solar plants
Sojitz Corp said it will be investing JPY 35 billion to build four solar power plants in Japan. Japan-based general trading company Sojitz Corp said it will be initiating its first few solar power projects in the country.
Latest News
Meiji Yasuda, Fujitsu and Microsoft Japan would all team up to upgrade 30,000 Windows XP computers to tablets running Windows 8 operating system.
TreeHouse Foods said it has forged an agreement with TorQuest Partners to buy Associated Brands GP Corporation.
SetPoint Medical scored USD 27 million in funding from new and current investors to expand its neuromodulation and bioelectronic treatment modalities for inflammatory diseases.
ConocoPhillips said it will be selling its leasehold in the Clyden oil sands for USD 720 million to Imperial Oil Ltd and ExxonMobil Corp's Canadian unit.
The Center for Innovative Technology (CIT)announced its investment in WealthForge Holdings Inc made through its private equity arm, CIT GAP Funds.
Honda Motor Co announced its plans to build a new car plant in Brazil. Honda Motor Co announced its plans to build a car plant in Brazil. The investment will cost the Japanese car manufacturer USD 440.
State-owned China Railway Corporation announced that it will boost its investment in fixed assets this year to CNY 660 billion.
California-based cloud and mobile testing company Soasta Inc announced that it was able to raise a total of USD 30 million in growth-stage funds.
GlaxoSmithKline (GSK), the biggest pharmaceutical firm in Britain, launched a USD 50 million venture capital fund for bioelectronic medicines and technologies.
