News Corp announced it is splitting its entertainment business from its publishing empire. (Photo : Brendan McDermid/Reuters)News Corp said on Friday it bought SportsTime Ohio, a Cleveland-based regional sports network that broadcasts Cleveland Indians baseball games.
Growth Equity
EMC Does Share Buyback and Dividend on Shares
EMC is undertaking a share buyback program as well as giving dividends on its shares. The world's largest manufacturer of storage computers, EMC Corp has expanded the budget for its share buyback plan by another US$5 billion.
IVP Invests in TuneIn
TuneIn announces its latest funding round led by Institutional Venture Partners worth US$25 million.
Novo AS Invests in Ophthotech Corporation
Novo AS invests in Ophhtotech Corporation for the further development of drug Fovista. In an announcement made today, Ophthotech Corporation said it was able to raise US$175 million in funding to finance the global Phase 3 clinical program of its lead medication Fovista.
ugichem GmbH Announces Eur2.25 Funding Round
ugichem GmbH announces it has raised Eur2.25 funding round. The developer of an original antisense drug system, ugichem GmbH, has announced that it has raised Eur2.
Latest News
Arabtec is preparing to do a rights issue worth around US$650 million. Arabtec, the contractor based out of Dubai and partly owned by Aabar Investments of Abu Dhabi, is now preparing for a US$650 million rights issue scheduled on June 9.
Wanderful Media receives new US$9 million capital infusion. In an announcement by Wanderful Media today, it disclosed that it was able to secure an additional US$9 million capital from its current investors.
CIBC is gearing to expand its private wealth management business in Central Canada and Atlantic provinces.
Softbank to issue second batch of bonds to fund Sprint bid. Softbank Corp, in its bid to takeover Sprint Nextel Corp, is now planning to sell off 400 billion yen or US$3.
Air Arabia finalizes a deal for loans from two GCC banks to help pay for the ordered A320 Airbus fleet.
Dar Al Arkan lowers yield of new sukuk bond issue to 6%. Dar Al Arkan, the Saudi Arabian real estate developer, after its previous announcements has now tightened the price range of its planned sukuk issue.
Zyme Solutions receives new capital infusion. Zyme Solutions disclosed on Monday that it accepted new equity capital infusion to enable them to increase its growth to be able to meet the demand for its solutions.
KazAgro raises half of its projected US$2 billion Eurobond issue programme. KazAgro, the state holding firm of Kazakhstan, has raised US$1 billion in its initial Eurobond issue.
Microventures receives US$16 million in investments. Accredited investors of MircoVentures have invested US$16 million in start-up companies, according to announcement today of MircroVentures.
