Private equity firm Carlyle Group had put up for sale its specialty chemicals business PQ Corp. for $3 billion. Carlyle has tapped investment bank Credit Suisse to explore an outright sale or IPO of PQ.
Deals
Bristol-Myers Squibb is reportedly exiting its stake in a diabetes joint venture with AstraZeneca for $3 billion
Bristol-Myers Squibb is reportedly exiting its stake in a diabetes joint venture with AstraZeneca for $3 billion. Bristol-Myers shifted its focus from producing diabetes and hepatitis C treatment drugs to medicines harnessing the immune system to fight cancer.
California, US-based firm Planet Labs has closed a fresh $52 million from a recent funding round to launch small satellites into space
California, US-based firm Planet Labs has closed a fresh $52 million from a recent funding round to launch small satellites into space and gather data about the Earth.
Dish Network Corp is looking to offer a bid to acquire telecoms company T-Mobile US Inc
Dish Network Corp., which lost out to Japan's SoftBank in its attempt to buy Sprint Corp., is looking to offer a bid to acquire telecoms company T-Mobile US Inc. Sprint last week said that it is considering to bid for T-Mobile.
FT says that the surge in initial public offerings in the US and Europe which started this year is set to continue next year
The revival of initial public offerings in the US and Europe which started this year is set to continue next year, the Financial Times reported.
Latest News
San Mateo, California-based big data analytics firm Datameer raised $19 million in a Series D funding round led by Next World Capital that brings its total funding to $36.6 million.
Munich, Germany-based travel marketplace Excursiopedia has added Moscow, Russia-based startup Travelatus in an effort to become a leader in the international travel industry and help travelers find local activities.
Boston-based firm Curoverse secured $1.5 from a seed funding round to develop and commercialize its private beta technology that helps biomedical researchers in storing and analyzing human genetic data.
Israel-based public transit app Moovit has closed $28 million from a funding round led by Sequoia to improve its service that gives commuters a real-time perspective of the best public transportation routes.
Two of the top websites that link businesses with freelancers, Elance Inc and ODesk Corp, have merged to form a service with 8 million registered individuals.
NWS Holdings Ltd, owned by Hong Kong tycoon Cheng Yu-tung, entered an agreement to purchase a stake in Beijing Capital International Airport Co from sovereign wealth fund GIC Pte.
Hungary-based state-owned utility MVM Zrt announced on Tuesday its plan to purchase a minority stake in natural gas supplier Fogaz Zrt in a deal valued at HUF41 billion ($187.4 million).
Sweden-based online payments company Klarna has bought Germany-based firm SOFORT in an acquisition deal valued at $150 million to become one of Europe's biggest independent payments alternative.
Darty, the third-largest electricals retailer in the European region, had agreed to sell Darty Turkey to eliminate losses in non-core markets. Darty has responded to weak consumer spending and competition from online retailers by exiting its loss-making operations.
