London-based global advertising firm DraftFCB has acquired independent creative agency Inferno in a takeover transaction that could give the agency a market valuation of £20 million.
Investors
UK engineering solutions provider Costain Group Plc exits its minority stake in three joint ventures to publicly traded water utility Severn Trent Plc
UK engineering solutions provider Costain Group Plc exited its minority stake in three joint ventures to publicly traded water utility Severn Trent Plc to raise investment funds and working capital.
New York-based Blackstone Group LP acquires a minority stake in Edens shopping center for $718 million
New York, US-based multinational private equity firm Blackstone Group LP acquired a minority stake in Edens shopping center in a deal valued at $718 million.
Italy-based car maker Fiat SpA restarted negotiations to purchase the remaining shares of US-based auto manufacturer Chrysler Group LLC
Turin, Italy-based car maker Fiat SpA restarted negotiations to purchase the remaining shares of US-based auto manufacturer Chrysler Group LLC, according to sources familiar with the matter.
Singapore's national flight carrier Singapore Airlines Ltd purchased of an additional 7.3% equity stake in budget carrier Tiger Airways Holdings
Singapore's national flight carrier Singapore Airlines Ltd announced on Friday its purchase of an additional 7.3% equity stake in budget carrier Tiger Airways Holdings Ltd in a deal valued at S$49 million ($38.7 million).
Latest News
American software giant Oracle said today that it will acquire email marketing firm Responsys in a deal valued at $1.5 billion, to combine it with recent acquisition Eloqua.
Info Edge(India) Ltd, a company that runs several consumer Internet portals, has infused more than $700,000 into Bangalore, India-based online photography startup Canvera Digital Technologies Pvt Ltd.
New York-based online eyeglasses company Warby Parker has scored $60 million in a Series C funding round from its existing investors to beef up its customer support team.
New York, US-based media group News Corp has acquired Dublin, Ireland's social news agency Storyful in a deal valued at €18 million ($25 million) to help surface and validate user-generated news online.
Shanghai-based investment fund China Media Capital (CMC) purchased a stake in Beijing-based business media entity Caixin Media Company Ltd from Zhebao Media Holding Group Co Ltd for an undisclosed amount.
International Finance Corporation, the private sector financing arm of the World Bank Group, has proposed to provide a $15.75 million debt financing to NSL Renewable Power. NSL plans to build a 40-megawatt wind farm in Maharashtra, India.
The Max's Group of Companies has bought Philippine-based casual dining chain operator Pancake House Inc prior to the former's local stock market debut, in a deal valued at almost PHP3.9 billion.
The Japanese government will shoulder the decontamination costs from the 2011 Fukushima nuclear disaster through the sale of its shares in Tokyo Electric Power Co. Decontamination costs are estimated to reach ¥2.5 trillion.
Sprint chairman and SoftBank chief executive Masayoshi Son was reportedly meeting senior bank executives in New York. Sources said that banks are readying proposals for financing a bid by Sprint Corp. for T-Mobile US.
