Online publication BuzzFeed announced on Tuesday that NBCUniversal agreed to invest $200M for the website to expand on movies and TV.
Deals
AOL buys web developer Ashe Avenue
AOL recently acquired Ashe Avenue, its second acquisition after being acquired by Verizon. AOL also acquired Velos, a predictive analytics startup group that they also almost immediately shut down.
Oshkosh wins $6.75B defense contract to build Humvee replacement
The Pentagon has decided to dispose of its ancient Humvees with a new fleet of trucks for combat. They tested out prototypes from AM General LLC, Lockheed Martin Corp and Oshkosh Corp in January.
Punch Taverns sells 158 pubs to NewRiver; Deal Closed at £53.5M
Punch Taverns decides to sell 158 of its pubs to NewRiver for an agreed sum of £53.5 million. The decision to sell off its non-core businesses is in line with their goal to take care of its accumulated debts.
Maxymiser acquisition to fortify Oracle Marketing Cloud
In a move that will strengthen the leadership of Oracle Marketing Cloud, Oracle (NYSE: ORCL) has acquired Maxymiser, a New York-based provider of cloud-based software for mobile marketing.
Latest News
KKR is about to lose its cash investment in Samson Resources worth $4.1 billion from its $7.2 billion buyout four years ago. The unexpected and prolonged downward move of oil and gas pushed Samson to file for Chapter 11.
Billionaire investor Warren Buffett makes his biggest acquisition ever just a few weeks before his 85th birthday. For $37.2 billion, including debt, Buffett's Berkshire Hathaway has bought Precision Castparts Corp., a global manufacturer of aircraft and engine components.
Informatica, the enterprise software provider based in Redwood City and announced in April that it will be bought for $5.3 billion by Canada Pension Plan Investment Board and Permira Advisers.
China's Anbang Insurance Group Co is bidding to buy Japanese property asset manager Simplex Investment Advisors, four people with knowledge of the bid said, in a deal that could top $1 billion.
Adidas bought Runtastic, a fitness tracking app for €220 million (equivalent to $240M) from Axel Springer, the company's strategic partner in Germany.
The U.S. coal industry is hit by another major blow as Alpha Natural Resources Inc. will file for Chapter 11 bankruptcy court protection on Monday.
Nokia bids goodbye to its digital maps business as it sells its HERE maps unit to German carmaker consortium among BMW, Audi, and Mercedes-Benz's owner Daimler, to focus on making mobile-phone network equipment.
The Match Group, operators of the dating app Tinder and matchmaking websites Match.com and OkCupid along with several others, is headed for an initial public offering. This was revealed by Barry Diller, Chairman and Senior Executive of InterActiveCorp (IAC), who owns the business unit.
Chime Communications plc shares on London Stock Exchange (LSE) soared to 361 pence per share on Thursday as the board approved the GBP365 million takeover offer from Providence Equity Partners and WPP.
