The Pac-Man defense has been used by Men's Wearhouse as it makes a counteroffer to Jos. A. Bank Clothiers which first made a bid to buy Men's Wearhouse this year.
Investors
EQT's Conni Jonsson speech stirs private equity industry to reflection-report
At the SuperInvestor conference held in Paris, EQT Partner Managing Partner Conni Jonsson tackled the difficult issues faced by the private equity world, leading the industry to reflect on where it is headed.
Amec looking to takeover Foster Wheeler
UK's Amec Plc is looking to acquire NASDAQ-listed Foster Wheeler AG. If the deal eventually pushes through, it could generate GBP5 billion (USD8 billion) for the Geneva-based engineering and power conglomerate.
California-based Box acquires dLoop to enhance cloud storage security
Cloud storage firm Box has acquired startup dLoop for an undisclosed amount, to increase security using fine-grained data analytics technology, helping Box compete better for large enterprise clients.
E-commerce company Yebhi.com to raise up to USD50 million in venture funding
Indian e-commerce company Yebhi.com is looking to raise USD30 million to USD50 million from venture capital firms. If successful, Yebhi.com will follow leading online retailer Flipkart, which raised USD360 million.
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Boston-based daily fantasy sports online game DraftKings closed USD24 million in a recent funding round led by Redpoint Ventures for its marketing, acquisition, and expansion activities.
Valuation results in 3Q13 showed a noticeable increase over 2Q13, including the greatest difference between up and down rounds in over six years. The software industry was especially strong, not only valuation-wise, but also in the number of deals.
Wire Labs, a company founded by two former Amazon engineers, raised USD 1.8 million in its seed funding round for their mobile messaging application Wire.
Privately held Cox Communications is considering bidding for Time Warner Cable either on its own or as part of a joint bid, The Wall Street Journal reported on Tuesday, citing anonymous sources.
Extreme Reality, an Israel-based startup which provides analysis of 3D motion was able to secure USD 10 million in its Series D funding round. The secured funds will be used to expand to additional markets and further develop their system.
A report revealed in detail based on its records how China was able to acquire control of oil of countries Venezuela, Brazil, Angola, and now OPEC member Ecuador.
German healthcare group Merc is looking for acquisitions and collaborations with start-ups to grow its drugs business in the United States, a senior Merck official said.
Despite investor criticism it received for paying more investment attention on its non-core division, Gazprom announced on Tuesday in a joint statement that it had acquired Profmedia from metals tycoon Vladimir Potanin.
On Wednesday, sources disclosed that the board of directors of Spanish oil major Repsol will resolve to agree on compensation for its 51% ownership stake in YPF, of which the latter will be nationalized by the government of Argentina.
