The Abu Dhabi Investment Authority, the third largest investment sovereign wealth fund in the world, will be investing in the Time Warner Center together with Singapore's state fund GIC Ptd, according to a source interviewed by Bloomberg.
Investors
IFC invests in US submarine cable operator Seaborn Networks
World Bank Group member International Finance Corporation (IFC) invested an undisclosed amount in US-based submarine fiber optic cable system developer and operator Seaborn Network Holdings LLC.
Chinese private equity firm Hony Capital Ltd mulls possible offer for United Biscuits Holdings Ltd- sources
Hony Capital Ltd, a Chinese private equity firm, is mulling a potential bid for United Biscuits Holdings Ltd owned by Blackstone Group and PAI Partners, according to sources interviewed by Bloomberg.
Google Inc spends more than five biggest rivals combined in US in bid to grow to new markets- report
Compared to the spending of its five biggest US rivals combined, Google Inc has spent more money in the past two years in its effort to reach out to new markets, Bloomberg reported.
Japan's Toshiba Corp to acquire 60pct of NuGen
Toshiba Corp, an engineering firm based in Japan, announced that it would be acquiring a 60% stake in NuGeneration Ltd, the nuclear joint venture of GFD Suez and Iberdrola, Bloomberg reported.
Latest News
Vinod Khosla of Khosla Ventures issued an open letter to "60 Minutes" and its network CBS, saying that the segment on clean technology was filled with errors.
New York, US-based clothes retailer Aeropostale Inc contacted private equity groups amid pressure from investors to sell itself, according to sources cited in a Bloomberg report.
The mergers and acquisitions activity for companies supported by venture capital has continued to decline even with the sizable acquisition of Nest Labs by Google, The WSJ's Digits reports.
New York, US-based firm Forbes Media attracted the attention of six different bidders including Germany-based multimedia company Axel Springer.
Beijing-based 58.com Inc, a classifieds website operator that provides services similar to Craigslist, intends to acquire Chinese Internet companies to enhance its local information services, Bloomberg reported.
Australia-based real estate manager GPT Group will not increase its takeover bid for Commonwealth Property Office Fund (CPA), making way for Dexus Property and the Canada Pension Plan Investment Board (CPPIB) to make competing offers.
Verisk Analytics Inc, a New Jersey-based company that gives risk information to lenders and insurers, has inked an agreement to purchase aerial imagery and data analytics provider EagleView Technology Corp for $650 million.
Texas, US-based oil and gas exploration and production services provider IronGate Energy Services acquired North Dakota-based firm Green Light Energy Services for an undisclosed amount.
Visual content marketplace Visually said it closed its Series A funding round with $8.1 million. The round was led by Crosslink Ventures and joined in by other investors.
