Oracle Corp founder Larry Ellison agreed to give up 95% of his USD575 million payout from terms of a buyout agreement with Pillar Data Systems Inc in order to appease the software company's investors.
Institutional investors
Hollywood shows risk in Twitter business model, IPO in prospectus
Twitter Inc's prospectus filing on Thursday revealed its reliance in influential users like celebrities to be more relevant.
Shareholder files class action suit against Blackberry for information fraud
Shareholder Marvin Pearlstein filed a lawsuit against Blackberry Ltd and its top executives for providing false information about the company's financial position and business growth of its newest smartphone line.
IPO no longer Avaya's plan, explores sale - sources
Sources told Reuters that Silver Lake and TPG Capital LP, owners of hardware and software giant Avaya Inc, were contemplating on a sale of the company after plans for a public listing fizzled out.
Jana Partners takes large stake in Outerwall
Activist investor Jana Partners LLC had reported a 13.5% stake in Outerwall Inc. and said it was exploring options including a possible sale, according to a Reuters report.
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Rosneft deputy chairman Andrey Kostin said that even if the buyout of the minority share of TNK-BP Holding garnered criticism, the deal had followed good governance and legal practices.
US buyout firm TPG had opened discussions with Manappuram Finance for a possible minority shareholdings.
Confie Seguros bought three insurance brokerages located in New York and Texas for an undisclosed amount.
Solera Holdings said it would be buying USD 289 million worth of equity interest in Service Repair Solutions Inc from Welsh Carson Anderson & Stowe via a joint venture agreement.
Educational company Anima Educacao would be undertaking a USD 158 million IPO later this month. Brazil-based educational firm Anima Educacao said it had set an initial public offering later this month.
Barclays Plc (BARC) said in a statement that it had managed to sell around GBP472 million or USD761 million worth of rights issue stock.
An Italian government official said on Italian radio that Finmeccanica had agreed to exit from its controlling stake in Ansaldo Energia.
A 47 year-old reclusive financier and private equity firm founder Suhail Rizvi would stand to gain from Twitter Inc's upcoming initial public offering.
Owners of drug firm Ikaria had started working with banks on the possibility of selling the company.
