BlackBerry's valuation by Fairfax Holdings was set at 20% the book value, including cash. Once valued at USD83 billion, the Canadian smartphone maker Blackberry Ltd had declined to record the lowest ever valuation for a technology or telecommunications takeover for a North American firm.

Berjaya Corporation Berhad's Philippines unit, Berjaya Philippines Inc, extended its GBP42 million or USD65 million takeover bid offer to minority shareholders of British auto dealer HR Owen to October 11.

Pavilion Energy, which is owned by Temasek Holding Pte, would seek to expand its infrastructure interests in LNG.

Foursquare co-founder Naveen Selvadurai was reported heading the mobile team of health insurance operator startup Oscar after leaving Foursquare last year.

Hotel booking startup HotelQuickly said on Tuesday that it had raised HKD9 million or USD1.16 million in its recent funding round that would go to developing its app and company expansion.

The rights to the Minas-Rio project is the main asset to be sold off by Anglo American as it faces mounting pressure to provide finances for the project.

Newmont Mining Corp CEO Gary Goldberg said they were looking at potential mine acquisitions as the value of gold fell.

A Reuters report cited two company sources who said Alibaba Group Holding Ltd would be going for a New York listing as plans for a Hong Kong initial public offering failed.

The largest US life insurer New York Life Insurance Co purchases Dexia Asset Management. The largest US life insurer owned by policyholders, New York Life Insurance Co had entered into an agreement to acquire a Dexia SA unit worth EUR380 million or USD512 million.

Chinese e-commerce giant Alibaba Group recently acquired similar Dropbox service Kanbox for an undisclosed amount.