Investors
Baidu Acquires PPS Online Video Operations
Baidu acquires PPS online video operations to expand its market share. Baidu. com, the Beijing based Chinese language Internet web search portal announced that it was purchasing the online video operations of PPS for the price of US$370 million.
Shamu's SeaWorld Seeking Loan
SeaWorld, after its recent IPO, is seeking a US$1.4 billion loan in order to refinance its debt. The Blackstone Group controlled SeaWorld Entertainment Inc is now seeking a US$1.
NZ Government Divesting Interests in Private Companies
The New Zealand government is divesting its interests in private companies in order to curb costs and trim debt.
Hertz Private Equity Backers Sell Off
Hertz's private equity shareholders sell of interest. In an announcement, Hertz Global Holdings Inc said that private equity firms of Clayton, Dubilier & Rice, the Carlyle Group and the Bank of America Merrill Lynch have exited their ownership in the company.