The cost of a mayoralty campaign now is not just about the person but also about actual funds. Disgraced New York mayoralty candidate Anthony Weiner's troubles not only continue to haunt him, but is actually taking a new life of its own.

Private equity firm GTCR announced the partnership it formed with Ed Fiorentino for the formation of Crealta Pharmaceuticals Inc.

The Washington Post announced that Jeff Bezos had acquired the newspaper for US$250 million in cash.

John Henry, owner of the Boston Red Sox, has purchased another Boston icon, the Boston Globe. The principal owner of the fabled Boston Red Sox, business tycoon John Henry, had entered into an agreement to purchase The Boston Globe for the price tag of US$70 million.

Reuters reported that China's private businesses could experience succession problem in the next few years.

The Special Committe of Dell entered a revised merger deal with Silver Lake and Michael Dell. According to an announcement made by the Special Committee of the Board of Dell Incorporated, the company entered a revised definitive merger deal with Silver Lake Partners and Michael Dell.

Disa bought Primtemps, a French department store from Deutsche Bank and Murizio Borletto. Italian entrepreneur Maurizio Borletti and the Deutsche Bank successfully sold one of France's largest department store chains to Divine Investments SA (Disa).

A consortium of investors led by EME Capital offered GBP2.9 million to buy out Theo Fennell. Upmarket jeweller Theo Fennell revealed that it had decided to be taken private in a GBP2.

CEO of Socrative reveals that his company had collected US$750,000 in a seed funding round from investors including True Ventures, NewSchools Venture Fund, Eileen Rudden and Jean Hammond.

Sony Pictures Entertainment signed a joint venture agreement with Tom Rothman. Sony Pictures Entertainment announced on thursday that Former 20th Century Fox hit performer Tom Rothman had signed a joint venture with the studio.