Chinese conglomerate Shenhua has dropped out from the bid for New South Wales (NSW) power generator Macquarie Generation (MacGen), leaving only three bidders, according to a report.
Deals
E-learning company Skillsoft explores $2B sale, including debt -sources
Skillsoft Ltd., which provides electronic learning solutions to over 6,000 customers worldwide, is reportedly seeking a sale that would value it at $2 billion, including debt. Skillsoft is owned by private equity firms Berkshire Partners, Advent International Corp. and Bain Capital.
Indian startup Little Eye Labs confirms acquisition by Facebook
Bangalore, India-based startup Little Eye Labs confirmed that it has been bought by social media giant Facebook for an amount between the range $10 million and $15 million.
Northwestern Mutual mulls over sale of subsidiary Russell Investments -sources
Northwestern Mutual Life Insurance Co. is reportedly looking to sell its asset management business Russell Investments, citing that it is not a core part of its business. Russell Investments has $247 billion in assets under management.
Oracle agrees to acquire cloud-based services firm Corente
Oracle said it had agreed to purchase Corente, a New Jersey-based cloud-services firm, pushing the technology giant further into the Internet age, The New York Times The Dealbook reported.
Latest News
Le Groupe Lactalis reportedly acquired India's Tirumala Milk Products for $275 million. Lactalis bought the 74% stake held by Tirumala Milk's founders and the remaining 26% from private equity firm Carlyle Group.
Gaming group Codere, which sought protection from creditors last week, got a 30-day extension on a €127 million ($173 million)loan due on January 5. Codere had €1.27 billion of debt as of last September.
Houston, US-based firm Fieldwood Energy LLC, a portfolio company of Riverstone Holdings LLC, bought the Gulf Coast unit of Oklahoma-based firm SandRidge Energy Inc in a deal valued at $750 million.
Texas, US-based private investment firm TPG Capital is in a tussle with two other potential buyers of the Australian assets of Netherlands-based petrol and refining firm Royal Dutch Shell, according to a report.
Health insurer WellPoint Inc. on Tuesday announced that it would sell its online contact lens business 1-800 Contacts to private equity firm Thomas H. Lee Partners for an undisclosed sum. WellPoint bought 1-800 Contacts for about $900 million.
California, US-based clinical genomic startup Omicia has raised $6.8 million in a Series A round led by Artis Ventures for the expansion of its marketing efforts and optimization of its big data offerings.
Forest Laboratories is close to an agreement to buy New Jersey-based specialty pharmaceutical company Aptalis Holdings from private equity firm TPG Capital. Forest will pay $3 billion for Aptalis.
For venture capital firm Atomico founder Niklas Zennström , Silicon Valley is not the only technology hub where great firms can come from. He says they can come from anywhere.
New York, US-based TV streaming startup Aereo has secured $34 million in a Series C funding round led by IAC, amid a lengthy legal battle with major rivals who want to bring it down.
