Huawei Technologies Co promised to deliver fast 5G wireless connection service to its customers. In its statement said on Wednesday, Huawei Technologies Co said it would be pouring USD600 million to improve mobile connections for consumers in the next four years.
Deals
Mobli obtains USD60 million investment from Slim, other investors to expand visual search engine capabilities
A recent investment round by Israeli startup Mobli had secured USD60 million in investment from Carlos Slim's América Móvil and other institutional investors.
Saudi Arabia's largest healthcare providers to do IPO
Sulaiman Al-Habib (HMG) and Almana General Hospitals have engaged the services of separate banks to assist in its IPO listing.
KKR to acquire 5% interest in Marvell - sources
One source told Businessweek that private equity firm KKR & Co might propose a leverage buyout offer to Marvell Technology Group Ltd.
PurThread Technologies closed latest funding round
PurThread Technologies raised USD7 million for its latest equity funding round. Renowned textile firm PurThread Technologies recently announced the closure of its latest equity funding round with pledges amounting to USD7 million.
Latest News
Chinese M&A activity was slow due to its country's leadership change while Japan and Thai tycoons led the way in 2013.
Zamin Ferrous purchases Anglo American shareholdings in Amapa iron ore mine in Brazil. The mining consortium established by Pramod Agarwal, Zamin Ferrous, had completed the purchase of the Amapa iron ore mine located in Brazil.
M/A-COM Technology Solutions Holdings agreed to purchase communications chip maker Mindspeed Technologies Inc. for USD272 million.
General Electric Healthcare India would be creating cost effective equipment to address global demands.
Dover Corp acquired industrial manufacturer Finder SpA for USD145 million. Dover Corp recently finalized a deal to purchase industrial company Finder SpA for USD145 million.
SFW Capital Partners made a strategic investment in California-based Industrial Dynamics Company (DBA Filtec) for growth and product expansion.
Brussels had launched a full state investigation on the joint venture between Solvay and Ineos due to antitrust concerns.
Experian said it would be buying Passport Health Communications for USD850 million. According to a statement by British credit data provider Experian, it would be acquiring Passport Health Communications.
OpenText Corp.'s shares rose to record high USD7.77 after its announcement to buy GXS Group Inc.
