American pharmaceutical company Endo Health Solutions Inc entered into a definitive agreement to acquire Paladin Labs Inc for USD1.6 billion.
Investors
Wedding registry site Zola nabs USD3.25 million in Series A investment
Online wedding registry website Zola received USD3.25 million in funding led by Thrive Capital, with participation from investors including Gilt Groupe founder Kevin Ryan.
Tilal to issue first Omani sukuk
Tilal Development would used the proceeds raised in the sukuk sale for the expansion of its flagship project in Muscat, Oman.
Renault, Nissan modifies Mitsubishi partnership to reduce costs
Renault SA, Nissan Motor Co and Mitsubishi Motors Corp expanded its existing joint venture to effective save production costs.
Ford Motor Corp set to expand fifth unit for Middle Eastern and African markets
The fifth global business unit for Ford serving the Middle East and African regions would be headquartered at Dubai, in the UAE.
Latest News
Spanish telecommunications firm Telefonica said it had sold a 65.9% interest in its Czech unit to investment group PPF.
UAE's Emirates Telecommunications Corp. (ETISALAT) would be the new owner of a portion of Vivendi SA's stake in Maroc Telecom SA.
Remote diagnostics company AetherPal secured USD6 million in Series A funding for the development of its pre-loaded software for smartphones.
Microsoft entered a 20-year deal with RES Americas to source wind power from its Texas facility. Microsoft Corp. sealed a deal to source power from a Texas wind farm.
Google announced that it will invest USD607 million to upgrade its seawater-cooled facility in Finland and convert it into a bigger data center.
Solar energy startup Terrajoule secured a USD11.5 million funding from Air Liquide and other investors.
Following customer complaints on Groove and Wunder Under yoga pants, Canadian clothing company Lululemon’s shares drop to USD67.85.
Clothing retailer Men’s Wearhouse refused the request of Jos. A. Bank Clothiers to check the former's books in lieu of the latter's buyout bid.
Celebrity Justin Bieber invested USD1.1 million as seed round for a new social media network for teens.
