One source told Businessweek that private equity firm KKR & Co might propose a leverage buyout offer to Marvell Technology Group Ltd.
North America
Elliott Management Corp expands shareholdings in Celesio
Paul Singer's Elliott Management Corp increased its shareholdings in German drug distribution firm Celesio AG.
Lion Biotechnologies raises USD23.3 million in private financing in share sale
Lion Biotechnologies sold common stock, common stock warrants and Series A Convertible Preferred Stock to institutional investors led by Quogue Capital LLC.
Icon Ventures nabs USD100 million in oversubscribed fund
The Icon Technology Partners fund raised USD100 million to invest in early-stage business software startups.
GeoPoll maker obtains USD6.6 million in Series A investment
App maker Mobile Accord intended to reach up to 100 million people by the end of this year, thanks to its recent USD6.6 million investment it received from unnamed investors.
Latest News
PurThread Technologies raised USD7 million for its latest equity funding round. Renowned textile firm PurThread Technologies recently announced the closure of its latest equity funding round with pledges amounting to USD7 million.
Chicago based law firm Freeborn & Peters had announced the hiring of Gary A. Jungels as Partner for its Corporate Practice Group.
Monroe Capital announced the funding worth USD27.5 million for the use of an affiliate of Sun Capital Partners Inc for the acquisition of Gem Shopping Network.
Sources disclosed to Reuters that only five names, including Ford Motor Co chief Alan Mulally and former Nokia CEO Stephen Elop, were being considered to replace Microsoft Corp Chief Executive Steve Ballmer.
Dover Corp acquired industrial manufacturer Finder SpA for USD145 million. Dover Corp recently finalized a deal to purchase industrial company Finder SpA for USD145 million.
SFW Capital Partners made a strategic investment in California-based Industrial Dynamics Company (DBA Filtec) for growth and product expansion.
Experian said it would be buying Passport Health Communications for USD850 million. According to a statement by British credit data provider Experian, it would be acquiring Passport Health Communications.
OpenText Corp.'s shares rose to record high USD7.77 after its announcement to buy GXS Group Inc.
Amdocs recently bought network management company Celcite Management Solutions LLC for USD129 million in cash.
