Dimension Data, a unit of NTT, would be purchasing AccessKenya through its subsidiary, Internet Solutions.
Investors
Kite Venture Led the Series B of Merchantry
US$7 million was raised by Merchantry from both old and new investors. In an announcement by Merchantry today, it disclosed that its Series B of Financing had raised US$7 million with Kite Ventures heading the round.
Corsair Receives US$75 million Grant
Corsair, the gaming components expert, has received US$75 million investment from Francisco Partners.
Optical Networks Acquired by Marlin Equity
Marlin Equity Acquires Optical Networks to be rebranded as Coriant. Marlin Equity Partners disclosed in an announcement that the negotiations that began back in the 3rd of December 2012 regarding its intent to acquire the Optical Networks came to an end today.
Etihad Shares Routes with South African Airways
Etihad, in a move to expand presence in Africa, partners with South African Airways for route sharing and other benefits.
Latest News
Clearwire issues a statement recommending the acceptance as the best option for minority shareholders.
Inergy Midstream to purchase Crestwood Midstream for an estimated US$1.25 billion. Inergy Midstream LP is a pipeline partnership that was traded publicly a year and a half ago.
The Commercial Bank of Dubai has chosen three banks to manage its bond issue estimated at US$500 million.
A small number of Verizon Communications shareholders are willing to pay up to 30% premium for Vodafone shares.
Buffett denies speculation that Suntech is in the list of acquisitions of MidAmerican Energy. The chairman of Berkshire Hathaway, Warren Buffett has indicated that he has no plans to purchase Suntech Power Holdings Co.
Intel's McAfee purchases firewall security software expert Stonesoft for Eur4.50 per share. The security software division of chipmaker giant Intel Corp, McAfee, announce plans to purchase network firewall software developer Stonesoft Oyj of Finland.
Linde's acquisition of Lincare provides boost in profit for the first quarter. Linde, the world's second largest industrial gas producer, reported a 12.
GM, in a letter obtained by the Wall Street Journal, said it would increase its capital funding in the US compared to China.
According to Alibaba CEO Jack Ma said that the IPO would be coming soon. The world's largest online retailer is trying to avoid experiencing the issues Facebook had faced with its initial public offer.
