Airbnb co-founder and CTO Nate Blecharczyk said the company was not interested in releasing financial information, including its USD200 million investment round held a year ago.
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Audi, Porsche and Volkswagen distributor set to expand in UAE
Al Nabooda Automobiles had set plans to expand its German car imports operations in Dubai and Sharjah.
Morgan Stanley projects recovery in Middle Eastern investment banking market
The Gulf region, after years of doldrums, is now on the road for recovery according to Morgan Stanley executives.
Cloud service for scientists Paxata nabs USD8 million in investment round
California-based startup Paxata has aided scientists in grueling data preparation leading to work analysis.
Russia's Sovcombank agrees on purchase of local GE Money Bank unit
General Electric decided to exit from its local banking unit for an undisclosed amount. On Monday, Sovcombank had signed an agreement to acquire General Electric's local banking unit.
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A total of USD545 million in capital commitments was raised from five cornerstone investors included Chow Tai Fook Enterprises Ltd and China Vanke Co Ltd.
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.
Apple co-founder Steve Wozniak said he thought that there was no need to upgrade to any of the new iPads as he was perfectly fine with his iPad unit for the moment.
Russian state-owned diamond miner Alrosa had reduced its capital investment expectations for its planned IPO.
UK-based security services provider G4S did not want the GBP1.55 billion offer extended by private equity firm Charterhouse Capital Partners.
Lagardere's statement released on Monday was unclear regarding its rumored exit from pay-television operator Canal+.
A source disclosed to Reuters that a sale of Techpack Solutions Co Ltd could fetch over KRW432 billion or USD407 million.
Sources told the Wall Street Journal that KKR & Co would be pouring in an initial USD100 million in a wireless communications infrastructure project with investment firm Associated Partners LP.
Payfone was able to gather a USD 10 million investment from Early Warning Services. Payfone Inc said it was able to raise USD 10 million from Early Warning Services.
