Beats spoke with unknown investors to buy out HTC's minority stake. The Wall Street Journal quoted an anonymous source about Beats Electronic buying out its minority stakeholder Taiwan's HTC.
North America
St. Jude Medical acquires Endosense
St. Jude Medical bought Endosense for USD331 million. St. Jude Medical Inc. recently acquired Endosense SA for USD 331 million to add to the former's electrophysiology portfolio.
Ares Management, Ontario Teachers' Pension Plan plans to acquire CPG International
Ares Management and Ontario Teachers'Pension Plan said it will buy building products firm CPG International Inc.
US to Japan- Open auto, insurance markets
The United States asked Japan to give foreign companies more access to its auto and insurance markets.
Re/Max Holdings Inc files for USD 100 million IPO
Re/Max Holdings Inc filed for a USD 100 million IPO of its Class A common stock. Colorado-based real estate firm Re/Max Holdings Inc filed with US regulators to raise funds through an initial public offering.
Latest News
A Wall Street Journal report said that Beats Electronics is planning a major buyout of HTC and generate funds to expand its newest digital streaming business Beats Music.
XPO Logistics Inc completed its acquisition of 3PD Holdings in a deal valued at USD 365 million. Arcapita sold its North American logistics company 3PD Holding to XPO Logistics Inc.
Market research firm eMarketer projected mobile payments will top USD1 billion in the US for this year, and by 2017 would reach USD58 billion.
Reports said Nokia would roll out a tablet powered by Windows RT next month. Microsoft failed to meet the sales expectations on its Surface tablets running on the Windows RT operating system.
Fresh from Activision's success of its popular Skylanders franchise comes Disney Infinity, a move from Walt Diney Inc to expand into the toy-meets-video game-world market.
Analysts said Apple could attain a trillion-dollar valuation considering the company's current services, products and investments for the future.
Reports said the recent changes to Gmail upset several retailers and marketers with already a 1% plunge in the number of opened emails.
The crews of Boeing, US Energy Department and NASA have been spread across a Cold War rocket test site to clean up and prevent contamination.
Microsoft recently apologized for Outlook.com's outage which dragged on for around three days while Google's crashed services lasted for only a couple of minutes.
