The plan is to raise funds from a share sale of Huaneng Renewables Corp. Wind farm operator from China, Huaneng Renewables Corp, is planning to raise HKD1.
Funding
Vox Media aims to obtain USD40 million funding via Accel Partners
Vox Media would be raising USD40 million in investment funding to expand its editorial coverage by producing more video reports.
Alibaba investment by Yahoo more valuable after IPO
Yahoo, which owns 24% of ecommerce giant Alibaba, reaps revenues prior to the IPO. Yahoo's investment in Chinese e-commerce firm Alibaba Group Holding Ltd was sufficient to keep Wall Street happy despite the continued struggle in the third quarter for advertising revenues, The shares of Yahoo increased by 1% to USD33.
Czech Republic's richest man bids for local unit of Telefonica SA
Petr Kellner is seeking to purchase the Czech republic's unit of Telefonica SA. Telefonica SA is hard pressed to extract a higher premium for its Czech unit.
Cerberus contemplating bid for beleaguered BlackBerry
Known institutional investor Cerberus Capital Management is studying its options to determine if it would make a bid for BlackBerry.
Latest News
A number of top notch companies have sent their bids to build Mongolia's Tavan Tolgoi Power Plant.
Japanese firms Softbank Corp and games developer GungHo OnLine Entertainment had purchased a controlling stake in Supercell for USD1.53 billion.
IVC with KPMG worked to draft a report on the progress of venture capital investments in Israel. In a report from Reuters, Israeli technology firms have raised USD660 million in venture in the third quarter.
Albion Ventures, the largest venture capitalist in the UK completed the investment in Cisiv Ltd. Albion Ventures recently completed the acquisition of Cisiv Ltd.
Anatrace was recently acquired by StoneCalibre to expand its portfolio of detergents and lipids for the marketplace.
No financial details were provided in the acquisition of Applied Products Inc or Retrax by Kinderhook's Tectum Holdings LLC.
In an announcement today, Russia's largest search engine company Yandex said it had acquired Kinopoisk, a movie review site, for an undisclosed amount.
British drugmaker AstraZeneca announced on Tuesday that it had purchased biotech company Spirogen in a deal worth USD440 million in total.
Secured lenders at Texas Competitive Electric Holdings and unsecured bondholders at Energy Future Intermediate Holdings (EFIH) were in a deadlock about their confidentiality agreements due to Energy Future Holdings' USD250 bond debt payments due on November 1.
