Mergers & Acquisitions
Comcast to divest 3.9 million subscribers if Time Warner Cable merger pushes through
Comcast confirmed that it had plans to divest 3.9 million subscribers if the merger deal with Time Warner Cable would push through as it still awaiting regulatory approval.
Alibaba, Yunfeng Capital to acquire stake in Youku Tudou valued $1.22 bln
Alibaba and Jack Ma's co-founded company, Yunfeng Capital, said that they would acquire a stake in China's YouTube equivalent Youku Tuduo in a deal valued $1.22 bln prior its highly anticipated public debut.
Warner Bros picks up minority stake in California broadband TV startup TV4 Entertainment
American film and music producer Warner Bros picked up a minority stake in Santa Monica, California-based broadband television startup TV4 Entertainment for an undisclosed amount to maintain its standing in the digital-video industry.
Facebook enters fitness arena with purchase of Finnish fitness app maker ProtoGeo
US social media giant Facebook entered the fitness arena with its acquisition of Helsinki, Finland-based mobile fitness tracking app maker ProtoGeo Oy for an undisclosed amount to beef up its mobile app portfolio.