An agreement addressing national security concerns was entered into between Sprint Nextel, Softbank and the US government.
Investors
IVP Invests in TuneIn
TuneIn announces its latest funding round led by Institutional Venture Partners worth US$25 million.
Fosun International Purchases Alma Lasers
Fosun International purchases Alma Lasers, where the latter was advised by Harris Williams. Harris Williams, one of the foremost middle market investment banks in the world, recently announced the sale of Alma Lasers to the subsidiaries of Fosun International.
Warburg Pincus Bought Out of Primerica
Warburg Pincus shares have been bought back by Primerica, totalling US$154.7 million in stock and warrants.
Novo AS Invests in Ophthotech Corporation
Novo AS invests in Ophhtotech Corporation for the further development of drug Fovista. In an announcement made today, Ophthotech Corporation said it was able to raise US$175 million in funding to finance the global Phase 3 clinical program of its lead medication Fovista.
Latest News
China Everbright Bank is currently preparing for an IPO in the Hong Kong Stock Exchange. China Everbright Bank Co, the Shanghai bourse listed firm, has filed an application for a Hong Kong share IPO sale with a volume worth US$2 billion.
Lenta is said to be planning an IPO at the London bourse as early as the fourth quarter of this year.
Cisco is seeking EU intervention on its claims of monopolistic effect of Microsoft's purchase of Skype.
Littlejohn makes an equity investment in Gulf Coast Shipyard Group Inc. Private investment firm Littlejohn & Co, LLC, based out of Greenwich, CT had announced that it made an equity investment in Gulf Coast Shipyard Group Inc.
FNF to purchase LFS for US$2.9 billion in cash and stock. Fidelity National Financial Inc, the US title insurer, in an announcement said that it would be purchasing Lender Processing Services Inc.
ugichem GmbH announces it has raised Eur2.25 funding round. The developer of an original antisense drug system, ugichem GmbH, has announced that it has raised Eur2.
StickyADS.tv lands Eur3.1 million B round of funding. Launched bank in 2009, StickyADS. tv is one of the leading video ad networks and ad exchange platform comprising of over 200 publishers.
Quill's CEO and founder announces GBP1 million funding round. In an announcement, Ed Bussey said that it had closed GBP1 million as investment in Quill.
Britain's Crown Estate enters into a joint venture agreement with Canada's Oxford Properties for the redevelopment of the St James district.
