Kotak Private Equity is purchasing a 19% stake in offshore logistics support services firm Samson Maritime from IFC and JM Financial for Rs 150 crore, sources told The Economic Times.
Investors
Google to acquire Artificial Intelligence firm DeepMind
Search giant Google will be purchasing London-based artificial intelligence startup DeepMind founded by Demis Hassabis, Jaan Tallin and Shane Legg, according to news website Re/code.
Trina Solar Chairman sees solar mergers accelerating in the next three years
Chairman Jifan Gao of Trina Solar Ltd said that there will be an acceleration in the rate of consolidations in the solar manufacturing industry in the next three years, Bloomberg reported.
Online legal startups plans to demystify and make law less expensive- report
Online legal startups like LegalForce, RocketLawyer and others intend to bring law closer to the people and make it less expensive in the process, the San Jose Mercury News reported.
Apple to expand mobile payments service- sources
Apple Inc is already working towards the expansion of its mobile payments service to leverage on its rising number of iPhone and iPad users and iTunes customers, sources told The Wall Street Journal.
Latest News
China will continue to attract private equity investors of emerging markets, according to Paul Fletcher of Actis and Sev Vettivetpillai of Abraaj in their talk with Peter Vanham of Financial Times blog beyondbrics.
The Federal Trade Commission scored a victory today after a federal judge ruled that the merger of a hospital chain and a doctor group must be undone because it violated antitrust laws, Bloomberg reported.
New York-based television agency Peleton Entertainment bought Todd Berger's consulting firm Creative Media for an undisclosed amount to expand into animation, branded entertainment, and feature film.
Blue Ash, Ohio-based private equity real estate firm Viking Partners sold Indiana-based shopping center Fishers Crossing to a California-based investor in a deal valued at $4.1 million.
New York, US-based real estate services and investment firm Kennedy-Wilson Holdings Inc purchased Victory Plaza retail center and its neighboring 2.4-acre land in Los Angeles, California for a total of $30 million in debt.
Union Square Ventures, a New York-based venture capital firm, has secured $350 million which will be divided between its fourth early stage fund and second "opportunities" fund, Fortune reported.
Private equity investor Andrea Bonomi, the biggest investor in Milan, Italy-based banking firm Banca Popolare di Milano (Pop Milano), has offloaded his entire 8.6% stake in the bank, according to a source familiar with the matter.
After two years of operation, California, US-based virtual gaming startup Cloud Party has been acquired by Yahoo for an undisclosed amount and will shut down on February 21, 2014.
The co-founders of Bangalore, India-based offline search engine Innoz are seeking $500,000 in seed funding to build a rival app for Jelly which will target the US market.
