Japan-based beverage firm Suntory Holdings Ltd announced that it would add US-based spirits company Beam Inc in a $13.6-billion cash deal to facilitate overseas growth for the Japanese firm.
Investors
Acquisitions help push Cogeco Cable's quarterly profit
Cogeco Cable's recent acquisitions helped spur the quarterly profit of the Canadian cable company that provides cable television and internet and phone services to an 18% increase, Reuters reported.
Jana Partners ups stake in US oil firm QEP Resources
New York, US-based activist investor Jana Partners LLC hiked its stake in Colorado-based oil producer QEP Resources Inc from 7.6% to 9.5% on Monday, and announced its plan to nominate board candidates for the company.
Investment banks to split $90M fees for advising acquisition of Beam Inc by Suntory Holdings
Centerview Partners is set to split fees reaching $90 million with two other banks involved in the transaction between Beam Inc and Suntory Holdings Ltd, Bloomberg reported.
REA purchases tenancy service 1Form in Australia for $15M
Melbourne, Australia-based real estate classified service REA Group Ltd bought rental application service 1Form Online Pty Ltd in a deal valued at $15 million as part of its strategy to link its customers with property-related services.
Latest News
Mobile analytics company Kontagent which merged with PlayHaven last month was able to raise $4.8 million, according to a VentureBeat report which cited a Securities and Exchange Commission filing.
Van Nuys, California-based apparel brand licensing firm Cherokee Inc acquired the Huntington Beach-based clothing brand of legendary skateboarder Tony Hawk in a deal valued at $19 million in cash.
Volusion was able to obtain a 35 million credit facility from Silicon Valley Bank, the first external funding the ecommerce firm received since it was established in 1999.
Chicago-based daily deals firm Groupon purchased New York-based flash fashion site Ideeli in a deal valued at $43 million in cash in a bid to compete with Amazon and other retail businesses.
As demand for debt backed by commercial mortgages rise in recent months, yield-hungry investors are ready to make bets on loans packaged to non-traditional properties, the Financial Times reported.
Google has acquired Nest Labs, a startup established by former Apple employees, for $3.2 billion. According to a Financial Times report, the move is seen as a bold bet on what is called the "internet of things."
The value of the Bitcoin has soared in recent months, but can the technology also help make predictions? A research team from a venture capital firm lists top 10 predictions for the digital currency in 2014.
In a move that will pave the way for the creation of more jobs and encourage more investment in the UK, Prime Minister David Cameron will be giving councils that allow shale gas developments to continue, Bloomberg reported.
UK oil engineering company Amec Plc has agreed to buy Foster Wheeler for $3.2 billion, paving the way for Amec to expand operations overseas, Bloomberg reported.
