Australia-based mining firm Rio Tinto Ltd purchased C$1.29 billion (A$1.32 billion) worth of shares in Canada-based mining company Turquoise Hill Resources out of contractual obligations but maintained its present stake.
Mergers & Acquisitions
Facebook snaps up New York conversation service startup Branch Media
Social media giant Facebook acquired New York, US-based social conversations platform Branch Media in a deal reportedly worth $15 million to form a Facebook Conversations group.
Charter Communications plans to offer Time Warner Cable offer directly to investors
Charter Communications Inc has made a formal offer for the third time to acquire Time Warner Cable but the bid was rejected. The company now intends to take the offer straight to the shareholders of Time Warner Cable, Reuters reported.
Singaporean lender OCBC to spend $298M to increase its stake in Chinese Bank of Ningbo
Singapore-based lender Oversea-Chinese Banking Corp (OCBC) will spend around CNY1.8 billion ($298 million) to increase its stake in China-based firm Bank of Ningbo Co from 15.34% to 20%.
Acquisitions help push Cogeco Cable's quarterly profit
Cogeco Cable's recent acquisitions helped spur the quarterly profit of the Canadian cable company that provides cable television and internet and phone services to an 18% increase, Reuters reported.
Latest News
Japan-based beverage firm Suntory Holdings Ltd announced that it would add US-based spirits company Beam Inc in a $13.6-billion cash deal to facilitate overseas growth for the Japanese firm.
Mobile analytics company Kontagent which merged with PlayHaven last month was able to raise $4.8 million, according to a VentureBeat report which cited a Securities and Exchange Commission filing.
Van Nuys, California-based apparel brand licensing firm Cherokee Inc acquired the Huntington Beach-based clothing brand of legendary skateboarder Tony Hawk in a deal valued at $19 million in cash.
Chicago-based daily deals firm Groupon purchased New York-based flash fashion site Ideeli in a deal valued at $43 million in cash in a bid to compete with Amazon and other retail businesses.
Google has acquired Nest Labs, a startup established by former Apple employees, for $3.2 billion. According to a Financial Times report, the move is seen as a bold bet on what is called the "internet of things."
UK oil engineering company Amec Plc has agreed to buy Foster Wheeler for $3.2 billion, paving the way for Amec to expand operations overseas, Bloomberg reported.
In a $47 million deal, Paris-based oil firm Total will be acquiring a 40% stake in licenses held by Dart Energy for two exploration areas in the eastern portion of England, Bloomberg reported.
Swiss insurer ACE Ltd agreed to buy a 60.9% stake in Thai insurance firm Siam Commercial Samaggi Insurance in a $185 million deal as it joins other insurance in making its presence felt in Southeast Asian insurance markets, Reuters reported.
Tech giants Microsoft and Samsung are in talks to acquire stakes in a France-based online music startup and a video-sharing website, according to a report by French weekly Le Journal du Dimanche.
