45 year-old recycling magnate Chen Guangbiao, whose charity works and publicity stunts are more known rather than his business sense, has claimed that he will be extending an offer to acquire the New York Times Co for $1 billion.
Mergers & Acquisitions
US video syndication startup Vidible secures $3.5M in Series A funding
New York City, US-based video syndication startup Vidible closed $3.35 million in a Series A fundign round led by Greycroft Partners, according to a regulatory filing in December.
Australian telecom firm BigAir to add Anittel Communications in $6.5M deal
Australia-based wireless network provider BigAir Group plans to add telecommunications firm Anittel Communications Pty Ltd (ACPL) from Anittel Group Ltd in a deal valued at $6.5 million.
Philippine-based budget carrier Cebu Pacific eyes purchase of Tigerair Philippines
Philippine-based budget carrier Cebu Pacific Air is planning to buy Southeast Asian Airlines-operated Tigerair Philippines as the airline eyes an expansion in its market share.
Jos. A. Bank tightens poison pill requirements
Retailer Jos. A. Bank Clothiers on Friday amended the ownership threshold of its poison pill to 10% from 20%. The amendment would enable Jos. A. Bank to issue a large number of shares to existing shareholders in case an unsolicited buyer acquires 10% of the company.
Latest News
In an attempt to argue against beliefs that this year will bear witness to a lot of bubbles, Jeff Bussgang said on his report that the technology sector will be contributing majority of groundbreaking records in terms of initial public offerings.
Shares in Tata Teleservices rallied to as much as 14.79% on Friday following news on buyout talks with British telecom company Vodafone. Indian conglomerate Tata Group is reportedly in talks with Vodafone to sell its 59.45% stake in Tata Teleservices.
FireEye-Mandiant merger signals shift of US companies regarding NSA surveillance and hacking attacks
The consolidation of security software companies FireEye and Mandiant was said to have signaled the hesitation of US firms to entrust the federal government the responsibility to protect its computer systems and will turn to private security providers instead, said a New York Times report.
Citing sources, Bloomberg reported that Singaporean lender Oversea-Chinese Banking Corp or OCBC has submitted a binding offer for Hong Kong-based family-run lender Wing Hang Bank Ltd.
In a bid to generate sales outside the country, Switzerland-based dairy company Emmi has signed an agreement to buy half of Mexico-based cheese and fresh product exporter Mexideli for an undisclosed sum.
Cox Enterprises, a media conglomerate based in Atlanta, has bought back its 25% stake in e-commerce company AutoTrader Group for $1.8 billion. Cox sold the said stake to private equity firm Providence Equity Parters for $640 million in 2010.
US-based firm Cooper Tire & Rubber Company announced via press release that it has called off its merger plans with India-based manufacturer Apollo Tyres and will focus on building its business instead.
In an announcement made today, Groupon said it has completed its $260 million acquisition of LivingSocial Korea, which is the holding company of Korean ticket and e-commerce company Ticket Monster.
Newport News, Virginia-based nuclear services provider Huntington Ingalls Industries has picked up Broomfield, Colorado-based environmental engineering company SM Stoller Corp in a deal, of which financial terms were undisclosed.
