Private Equity
Alibaba investment by Yahoo more valuable after IPO
Yahoo, which owns 24% of ecommerce giant Alibaba, reaps revenues prior to the IPO. Yahoo's investment in Chinese e-commerce firm Alibaba Group Holding Ltd was sufficient to keep Wall Street happy despite the continued struggle in the third quarter for advertising revenues, The shares of Yahoo increased by 1% to USD33.
Czech Republic's richest man bids for local unit of Telefonica SA
Petr Kellner is seeking to purchase the Czech republic's unit of Telefonica SA. Telefonica SA is hard pressed to extract a higher premium for its Czech unit.
Cerberus contemplating bid for beleaguered BlackBerry
Known institutional investor Cerberus Capital Management is studying its options to determine if it would make a bid for BlackBerry.
ERB to build power plant for Dow Chemical in Minas Gerais
A second project between Dow and ERB has been agreed upon where the power plant would utilize sugar cane residue as fuel for electrical power.