Citing the national security provisions of the Investment Canada Act, the purchase of Accelero of the fiber optic network owned by MTS Allstream was blocked by the Canadian government.
Investors
Venture capital funds raise USD4.1 Billion in third quarter - report
A report released by the National Venture Capital Association showed a record USD4.1 billion was raised by 54 venture capital firms in the past 12 months.
New USD 100 bills can limit counterfeits- experts
Experts expressed confidence that the new USD 100 bill would limit counterfeiting. With the redesigned USD 100 bills scheduled for delivery to banks today, experts interviewed by news website WebProNews said these bills could thwart counterfeiting.
Digital Generation acquires Google Ventures-backed Republic Project
Digital Generation (DG) announced its recent acquisition of Republic Project for USD1.4 million in cash and target-based earn-out payments.
Task assignment startup Youdo gets seed investment from Flint Capital
New venture fund Flint Capital announced that it had invested an undisclosed amount in Russian task assignment platform startup Youdo.com.
Latest News
Yusuf Bin Ahmed Kanoo Holdings Ltd purchased the business interests of Thomas Cook Group in Egypt and Lebanon.
A Techcrunch report talked about the necessity of top mobile gaming companies and rivals Gamevil and Com2uS consolidating into one gaming empire.
Today, Whitestone REIT announced it acquisition of Fountain Hills Plaza paid through an all cash transaction.
B&G Foods Inc announced today that it had acquired Rickland Orchards through a combination of cash and stock payment.
Today, Biomet Inc announced entering a definitive agreement to buy Lanx Inc. that would be subject to customary closing conditions.
Montreal, Maine & Atlantic Railway Ltd. had hired Gordian Group LLC to sell the carrier, said a Bloomberg report.
Country Garden Holdings Co. had suspended its share trading on the Hong Kong Stock Exchange after the Hong Kong Economic Journal said that the company had leaked home subscription data through a staff memo.
As of 11 a.m. on Monday, the Indian Oil Corp was the only bidder left for the 31% stake of Haldia Petrochemicals, said sources.
Japan and China, two of the biggest US foreign creditors, had expressed their concerns regarding the partial US shutdown, said a Bloomberg report.
