According to a Forbes news magazine report by contributor Peter Cohan, Western Digital's subsidiary HGST bought Virident, a flash storage supplier, for USD685 million in cash.
Investors
CORRECTED: India Infoline to break merged brokerage business
According to a report by The Economic Times, India Infoline would be separating its brokerage business to meet banking regulations.
Cloud Security Corp scores USD 2 million from Kodiak Capital Group
Cloud Security inked a common stock purchase agreement with Kodiak Capital Group. Internet security company Cloud Security Corp announced that it had inked a common stock purchase agreement with investment company Kodiak Capital Group.
General Growth spends USD 567 million to buy back shares
General Growth Properties spent USD 567 million to repurchase shares, mostly from Pershing Square Capital Management.
ECI Partners sells Ascribe to MIS Group for GBP 57.5 million
ECI Partners announced the sale of its portfolio company Ascribe to MIS Group for GBP 57.5 million. ECI Partners sold IT software supplier company Ascribe to MIS Group for GBP 57.
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Edison Ventures announced that it has exited from Communications Lifecycle Management software firm Tango by selling the last of its shares.
A Reuters report said the growing number of equity issuance this year was a sign of positive growth.
Antitrust regulators in the European Union would review M&A deals to gauge their effects on local markets.
Virgin Mobile Middle East and Africa had introduced new telecom services in Malaysia. Virtual telecommunication services in Malaysia was recently launched by Virgin Mobile Middle East & Africa in partnership with the Southeast Asian countries fourth largest telecoms operator U Mobile.
Renowned Middle Eastern scientist Hayat Sindi called for more investments in the field of science and technology to foster inventive spirit and innovation.
Confidence in ad tech partners jumped, hoping that riding on the social microblogging platform company Twitter Inc's IPO would provide them additional opportunities for ad placement.
Qatari telecommunications firm Ooredoo would be one of the major sponsors for the Paris-St.Germain football team in the 2012/2013 French Ligue 1.
Citing sources who were familiar with the matter, the Financial Times reported that Shanghai has approved six foreign hedge funds to raise money from investors within China.
Austrian insurer Uniqa said it would selling its private equity fund portfolio worth EUR 400 million to various investors.
