Zanox, a performance advertising network has purchased Hamburg, Germany-based performance display provider Metrigo for an undisclosed sum. Originally, Metrigo was a portfolio company of Berlin-based company builder Project A Ventures.
Europe
Peugeot to replace chief executive for Dongfeng deal -sources
PSA Peugeot Citroen is preparing to replace its present Chief Executive Officer Philippe Varin for a joint venture with Chinese partner Dongfeng, according to sources familiar with the matter.
Master Bank with Putin ties gets license revoked by Russian central bank
The shutdown of Russian bank Master Bank was the central bank's most high-profile move yet under the leadership of Russia's first female governor Elvira Nabiullina.
Accounting firm regulator see deficiencies in Deloitte for the second time
Although accounting regulator the Public Company Accounting Oversight Board (PCAOB) said Deloitte Touche Tohmatsu Limited failed to correct its irregularities in its audit work seen in 2009, it lauded the accounting firm for making efforts to rectify irregularities found by the board during its review in 2010 and 2011.
Ikea’s online expansion boosted sales by 3.1%
Ikea's overall sales rose 3.1% to EUR 1.27 billion for the financial year to August. The home decor and building materials company recorded an impressive 29% increase in online sales, which allowed Ikea to reach new demographics.
Latest News
The European Commission is looking at the way container-shipping companies announce their price increases, saying it may be possible that they are colluding with each other to rig prices.
Eagle Genomics, a Cambridge, UK-based provider of bioinformatics software and services covering life science and other sectors, has successfully raised an additional USD 1.6 million in funding.
Basic-Fit, a Netherlands-based discount fitness operator receives a venture round funding worth about EUR 110 million from the 3i Group PLC. Now with an enterprise value of EUR 275 million, this round would help Basic-Fit further into their domestic and international rollout plans.
France's PSA Peugeot Citroen is looking into various ways of expanding its partnership with Chinese state-run car manufacturer Dongfeng Motor Corporation.
Tomkins Plc is exploring a sale that could value the private-equity owned global manufacturer of auto parts and building products at as much as $7 billion, several people familiar with the matter said on Friday.
Florida-based AssuredPartners closed its acquisition of Stoutamire-Pavlik & Associates Inc, an independent insurer located in Monticello Florida. No financial details were given about the deal.
The following bids, mergers, acquisitions and disposals were reported on Friday, including Microsoft, Comcast, Green Dot, Goldman Sachs and others.
My Little Paris, a French subscription service a city guide has been acquired this week by Aufeminin. Multiple sources indicate that the transaction was valued at USD 90 million (EU 66.7 million).
The government of Finland would be opening a junk bond market to attract investors who are interested to gain higher yields in the best-rated nation in the Euro Zone.
