TIAA-CREF has agreed to acquire Nuveen Investments in a deal valued USD6.25 billion, reported Bloomberg.
Firm Management
Diageo Plc to acquire 29 percent United Spirits stake in USD1.9 billion deal
Diageo Plc expressed its interest in acquiring 29 percent United Spirits stake, reported ET. Diageo Plc expressed interest in getting a strong grip in United Spirits as it looks in expanding into international operations in the biggest whiskey market in the world.
Mt Gox to go for liquidation instead of bankruptcy
Tokyo, Japan-based Bitcoin exchange Mt Gox will file for liquidation in Tokyo instead of its initial plan of rebuilding the firm under bankruptcy protection after a bug reportedly brought the site down.
Sources: Kenya's Britam to acquire 30 percent stake in Continetal Re Kenya Ltd
Kenya's Britam would acquire 30 percent stake in Continetal Re Kenya Ltd in a deal valued USD3.5 million, reported Ventures Africa.
Egyptian mogul Naguib Sawiris eyes a stake in Telecom Italia
Naguib Sawiris has been looking at a potential investment in Telecom Italia, his latest attempt after failing to get hold of stake two years ago, reported Ventures Africa.
Latest News
Twitter executives said that they had no plans to sell their holdings in the social media platform, reported Bloomberg.
A German newspaper reported that furniture and household appliances magnate Steinhoff would debut on Frankfurt, Germany through an IPO later this year.
Vevo and Yahoo are expanding their partnership through a deal allowing Yahoo Screen to show viewers Vevo programs, reported TechCrunch.
Glencore Xstrata sold its Peru copper mine to consortium led by China MinMetals in an all cash deal valued USD5.8 billion, reported Ventures Africa.
Former Amazon Web Services executive Alyssa Henry joins Square Inc., a crucial move following the company's announced public debut within this year.
South African company Times Media Group has acquired a majority stake in Radio Africa Limited valued USD18.62 million, reported Ventures Africa.
Seattle, US-based e-commerce giant Amazon.com offers unhappy workers between $2,000 to $5,000 to quit their job to maintain a healthy working environment for the company and to encourage employees to pursue what they really want.
The CRM giant Salesforce would invest in a new building tower in San Francisco valued USD560 million, reported TechCrunch.
Microsoft has innovated an Indian hotline for startups to give advice, available during business hours from Monday to Friday, reported Venture Beat.
