Yahoo to purchase 75% of Dailymotion. One of the Internet world's most popular video websites Dailymotion is now in discussion with Yahoo Inc. This deal, once it pushes through, may become one of the largest ones to date by Yahoo CEO Marissa Mayer since taking over leadership duties last July.
Corporations
Clean Seas Halts Trading
Clean Seas Tuna admits losses asks for trading halt. Troubled aquaculture firm Clean Seas Tuna has opted to halt stock trading at the bourse because of a pending announcement as to capital fundraising plans for the company.
Asian Paints Purchases Sleek Group
Terms on the purchase of Sleek Group by Asian Paints undisclosed. In a recent move, Asian Paints recently purchased 51% of the Sleek Group. This is in pursuit of its exploration of the home improvement market opportunities through the one of the top firms in the modern kitchen space market.
JV Formed for Elder Pharma and Kose Corp
Elder and Kose form joint venture for Indian cosmetic market. Elder Pharmaceuticals has formed a joint venture with Kose Corp of Japan for the manufacturing and sale of cosmetic products in India.
NC2 Media Paid $75M for Lonely Planet
Lonely Planet was sold for Aus$75 million. BBC's commercial arm, BBC Worldwide has decided to sell Lonely Planet, the travel guide business show, to Nashville based media group, NC2.
Latest News
CBQ purchases majority stake in Turkish lender Alternatifbank. In a move showing Gulf interests expanding overseas, the Commercial Bank of Qatar has purchased 70.
New investors infuse capital for development and growth of Liquid Robotics. Liquid Robotics had raised US$45 Million in financing, specifically Series E financing.
Armacell bids well below base price set by Investcorp. The sale of Armacell is creating issues as Investocorp's base price could not be reached by the existing bidders.
Affymax's drug recall Ormontys caused decline of the company. Pharmaceutical firm Affymax continued its decline after it fired nearly three fourths of its labor complement and is now in the process of opting for a sale or declaration of bankruptcy.
BGI-Shenzhen acquires Complete Genomics after regulatory approvals from China and the US were obtained.
Blackstone contemplates matching or even surpassing Silver Lake bid for Dell privatization. The Blackstone Group is contemplating to bid for Dell Inc in an amount over and above the proposed US$24.
After lengthy discussion, Bietz gives in to proposed share sale. ThyssenKrupp of Germany is in the midst of planning to undertake share sales in an effort to raise Eur1 billion to improve its financial position.
AmerisourceBergen does a deal with Walgreen and Alliance Boots. AmerisourceBergen, the pharmaceuticals distribution giant, has entered into a ten year distribution agreement with Walgreen Co and its associate Alliance Boots GmbH.
LIPTIC, the Libyan monopoly, management contract tender was halted by the government. The CEO of Etisalat, UAE's top telecommunications service provider had reported that Libya halted the tender of the country's telecommunications operations.
