Information technology news site Techcrunch cited investors of biotech company Monsanto, who said the company had purchased Climate Corporation for more than USD930 million.
Investors
Taiwanese banks not the promised venues for foreign investors
Taiwan's banks have become minefields for private equity companies. The banks of Taiwan, once seen as avenues to inroads towards China, have increasingly become minefields for private equity firms.
Rumors of Cerberus interest in BlackBerry caused share price to increase
BlackBerry's shares increased because of rumored interest from Cerberus Capital. The report of a second expression of interest in BlackBerry shares of stock caused its values to its heart.
Merger of bourse operators soon to occur
The IntercontinentalExchange Inc set to purchase NYSE Euronext. The NYSE Euronext and the IntercontinentalExchange Inc announced last Wednesday that the two are nearing ICE's completion of its proposed takeover of the Big Board operator.
Qatar tops financial centers index
Qatar, according to the latest Global Financial Center Index or GFCI 14 from the Z/Yen Group, is the top financial center in the Middle East.
Latest News
In a move to revitalize the UAE financial market, the Dubai and Abu Dhabi regulatory authorities are exploring ways to merge their bourses.
Citing the The Washington Post, Techcrunch said Amazon Inc Chief executive officer Jeff Bezos completed his acquisition of the 136 year-old newspaper today.
The price of CHF398 million or USD439 million was paid by hedge fund firms Avista and Nordic Capital for Acino Holding.
Analysts advised foreign grocery chains to be cautious about expanding their businesses in China. British supermarket chain Tesco Plc would the the latest foreign retail chain that had set its sight on China.
HSBC Holdings Plc would stand to get USD19.5 million from the sale of its two paintings by Italian painter Canaletto.
Siemens announced on Wednesday it had obtained a new USD3 billion credit facility to replace a previous one that had expired last August of this year.
Tesco Plc paid HKD4.33 billion or USD588 million for 20% of its venture with China Resources Enterprise Ltd.
A BRL 300 million investment would be done GIC Pte in Aegea Saneamento e Participacoes SA. The Singaporean state fund GIC Pte had entered into an agreement that an investment worth BRL300 million or USD135 million in a Brazilian utility firm.
Portugal Telecom announced in a statement that it would be merging with Brazilian telecom company Oi.
