Evergrande Bought 50% of Great Eastern Life Assurance for Share 3.9 billion yuan to diversify into insurance

One of the largest property developers in China, Evergrande Real Estate Group Ltd., acquired 50 percent share from Great Eastern Life Assurance Co for 3.9 billion yuan, or $610 million, to get into the insurance industry.


Apple officialy confirms the acquisition of motion-capture firm Faceshift

It is to everyone's knowledge that there is a growing demand for virtual reality technology in the global market. It has enabled many tech-oriented companies to step up the ladder to acquire the technology to upgrade their sales and reputation, Apple being one of them.

CVC and Canadian Pension Plan near deal to buy Petco for $4.7B

CVC Capital Partners and Canadian Pension Plan Investment Board (CPPIB) are in the advance stage of closing the acquisition process for the takeover of Petco for $4.7 billion.

HomeAway started looking for buyers three years ago, Expedia to purchase HomeAway for $3.9 billion in cash

Austin-based HomeAway reportedly started off its search for a potential suitor nearly three years ago. But now, the travel booking site Expedia wants to buy the short-term rental marketplace HomeAway for $3.9 billion to boost its presence in the vacation rental market.


Latest News

Anheuser-Busch (AB) InBev NV, maker of the world's most famous beer has achieved a formal agreement to buy SABMiller PLC in a $106 billion deal. However, the deal will face a long process to pass regulatory approval in countries like from U.S., to India and China.
Denver-based Molson Coors Brewing Co is in advanced stage of buying rest of the stake of SABMiller in Miller Coors LLC for $12 billion. This buyout will make the way clearer for $106-billion merger of SABMiller Plc and Anheuser-Busch InBev NV.
AP Moeller-Maersk will buy $845 million worth of Africa Oil Corp.'s shares to revive a declining energy unit in the North Sea. According to Bloomberg Business, Maersk will buy the African oil company's onshore exploration license in Kenya, and two more in Ethiopia.
Anbang Insurance Group Co. Ltd., a China-based leading global insurance group, has agreed to buy U.S. annuities and life insurance provider Fidelity & Guaranty Life (FGL) for about $1.57 billion in cash.
Bahrain-based Investcorp Bank BSC has acquired hedge fund business from SSARIS Advisors LLC. The acquisition of hedge fund from the fund business of the US company will enhance product range of Bahrain's bank as the business is expected to add $800 million in discretionary and advisory assets to Investcorp Bank.
Boeing Co and Tata Advanced Systems (TASL) will float a joint venture (JV) for manufacturing fuselages for the AH-64 Apache attack helicopter in India. The JV will set up a center of excellence (CoE) and it'll also be in competition for getting contracts to make additional Boeing platforms including commercial and defense.
Google acquired New York City-based Fly Labs, the photo and video editing software company responsible for apps like Flt, Tempo, Crop, and Clips in the iOS App Store. Google seeks to provide better video and photo editing features for its users through the acquisition of the small app maker company, according to Information Week.
Timber giant Weyerhaeuser Co will buy Plum Creek Timber Co. Inc., creating a $23 billion timber, land and forest firm, the largest the United States.
Swedish-digital writing company Anoto has agreed to acquire California-smartpen maker Livescribe for $15 million. The agreement was announced on November 6 by Livescribe, which has a licensing partnership with Anoto since its foundation in 2008, according to a report from Venture Beat. Anoto Group AB operates in the consumer, healthcare, finance, transportations, and education industries.
Activision Blizzard Inc, a leading player in the mobile game publishing giant, is buying King Digital Entertainment Plc, a mobile publisher, for $5.98 billion. After beating the market expectations for third quarter results, Activision has announced its decision of acquiring King. Activision is keen on expanding the mobile gaming activity as the acquisition will create biggest games powerhouse in the world. It's estimated that after the acquisition, it will be next to the market leader Tencent in the global market. The company's stock rose to its all-time high as investors responded positively to the acquisition news.
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