Yahoo! Inc. on Friday confirmed its purchase of online live concert service Evntlive for an undisclosed sum. As a result of the deal, Evntlive will be shutting down and joining Yahoo!'s video team.
Investors
Sipchem, Sahara inks deal to form SAR6.7 billion petrochem giant
Saudi International Petrochemical Company and Sahara Petrochemical Company agreed to start due diligence over a planned merger deal. The deal is reportedly worth SAR6.67 billion.
State-owned Power Grid Corporation to raise up to INR7,600 crore in FPO
State-backed Power Grid Corporation is looking to raise as much as INR7,600 crore by selling 84.71 crore shares in a follow-on public offering. Shares will be priced at INR85 to INR90 apiece.
LA files case against Bank of America for discrimination
Los Angeles has filed a case against Bank of America for discriminatory mortgage lending among the minority communities in the city, Reuters reported citing a court filing.
IPOs in MENA set for a revival with improvement of capital market conditions- report
A revival in public listings is set to take place in the Middle East and North Africa or MENA with the improvement in capital markets conditions, a report in Gulf Business said.
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The CAC Group, one of the leading commercial real estate services firms in San Francisco, was acquired by CBRE Group, Inc. CBRE Group, Inc's statement did not disclose financial details regarding the transaction.
Global aerospace and defense industries Astronics Corporation said today in a statement that it has completed its acquisition of France-based PGA Electronic for a final price of USD31.2 million.
The real estate in India holds promise to institutional investors, as noted by global realty consultant Cushman & Wakefield as private investment in the country's real estate sector jumped 26% in the first nine months of this year.
Hayneedle, an online retailer backed by venture capital firms Insight Venture Partners and Sequoia Capital, ranked number 2 in LightningBuy's study of top 100 online retailers.
Kidozen, a maker of software designed to create custom-made mobile apps, received USD5 million to scale its business after emerging from private beta in February this year.
AT&T has asked the permission of the US Securities and Exchange Commission to allow the firm to exclude a request from shareholders asking for the details how it shares customer information with government agencies in its annual meeting.
SunFarmer, a non-profit developer of solar power in impoverished areas, will construct its first solar power project in Nepal using a USD2 million grant from SunEdison Inc. SunFarmer is seeking donations to build 100 solar projects in the country.
After the government announced a ban on the use of Bitcoin for financial institutions, China's biggest search engine Baidu Inc announced that it would no longer be accepting the digital currency as payment.
Verizon Communications Inc. in September said that it will acquire Vodafone Group's 45% stake in their wireless joint venture. The American telco has set a shareholder meeting on January 28 to get investor approval for the deal.
