Google purchases Wavii, a news summary app, to enhance its consumer news experience. Google Inc has announced the acquisition of Wavii, a start-up based out of Seattle that created a news summarization app for the price tag of US$30 million in cash.
Corporations
Etisalat Bids for Maroc Telecom Shares from Vivendi
Etisalat joins the Maroc Telecom shares race with an expression of interest. The Emirates Telecommunications Corp or ETISALAT has expressed interest in acquiring the 53% shareholdings of Vivendi SA in Maroc Telecom.
Kier Group Plc Acquires May Gurney
Kier Group Plc acquires May Gurney for an estimated GBP221 million. The UK company instrumental in the completion of the Channel Tunnel rail link, Kier Group Plc, has entered into an agreement to purchase May Gurney Integrated Services Plc.
GDC Technology to Undertake an IPO
GDC Technology to issue an IPO worth US$100 million in the United States, the biggest for a Chinese firm in the past two years.
KazMunaiGas to Issue US Dollar Denominated Bonds
KazMunaiGas are preparing two tranches of Eurobond issues each with a nominal value of US$200 million.
Latest News
For the second time in as many months, a major shareholder is selling off their stake in the buyout firm.
Sura and Bank of Nova Scotia shelled out US$258 million each to acquire BBVA Horizonte of Peru. The financial conglomerate Sura of Colombia together with the Bank of Nova Scotia had announced the purchase of BBVA Horizonte, the Peruvian pension fund.
Bowmark Capital invests in Drake and Morgan after the management buyout. Bowmark Capital, a medium market equity firm based in the UK expressed support for the financial expansion and management buyout of Drake & Morgan.
The Ugandan mobile telecommunications market grew smaller when Bharti Airtel, the second largest, acquired the third largest, Warid Telecom Uganda.
Piraeus obtains shareholder approval for share issues and convertible contingent bonds. The second largest banking institution in Greece, Piraeus Bank, obtained shareholder approval last Tuesday for a Eur7,33 billion or US$9.
Vitol purchases Rialto assets in Ghana and Ivory Coast for upstream financing. Vitol, the oil trader has purchased shareholdings in Rialto Energy's West African oil and gas exploration assets in order to improve and expand its channels for energy supplies.
Warburg Pincus invests an undisclosed amount in INEA of Poland for less than majority shareholdings.
The Costa Rican republic would issue two tranches of US dollar denominated bonds at US$500 million each.
PT Dyviacom Intrabumi is raising funds for expansion plans. PT Dyviacom Intrabumi, the Indonesian Internet service provider is aiming to raise 7 trillion rupiah or US$720.
