Salzburg, Austria-based automotive retail software provider Incadea PLC raised around £11.5 million (€14 million) through issuance of ordinary shares to partially fund the acquisition of Germany-based firm RC Real Business Solutions GmbH (RCRBS).
Regions
Price comparison site PricePanda raises $3M from Tengelmann Group
PricePanda, a price comparison website, was able to get new funds from German retailer Tengelmann Group worth $3 million to expand the site to other South Asian markets, TechCrunch reported.
London hedge fund takes 5.2pct stake in UBM amid chief executive search
London-based hedge fund Hengistbury Investment Partners took a 5.2% interest in events and publishing company UBM as the latter continues its search for a new chief executive.
Political writer Ezra Klein leaves The Washington Post to establish own news site with Vox Media
Ezra Klein, the political writer known for his explainer approach to policy topics, has left The Washington Post to start his own news site with The Verge, TechCrunch reported.
Tata Motors executive Karl Slym dies in Thailand in suspected suicide
Karl Slym, managing director of India-based automotive firm Tata Motors Ltd, was found dead after falling from the 22nd floor of the Shangri-La hotel in Thailand in what police suspect as a suicide case.
Latest News
Computer and computer-related products retailer TigerDirect has partnered with BitPay to accept Bitcoin as a form of payment for online purchases, a Tom's Hardware report said.
Some assets of Canada Payphone Corporation were bought by WiMacTel, a Calgary-based telecommunications firm, that will also launch an alternative payphone service in Canada after the acquisition.
Germany-based car maker Audi is investing in Paris, France-based bio gasoline startup Global Bioenergies, which makes cheap gasoline from sugar, as part of an effort to decrease greenhouse gas emissions amid stricter regulations.
Dublin, Ireland-based pharmaceutical firm Actavis sold its stake in Chinese subsidiary Actavis (Foshan Pharmaceutical Co) for an undisclosed sum because of its limited presence in the country.
AT&T Inc said it will no longer have any plans to make an offer for Vodafone Group Plc, preventing it from making a takeover bid in the next six months, Bloomberg reported.
Hugh MacKay, the chief executive of UK-based hydrocarbons exploration and production firm Europa Oil & Gas, now holds a 0.88% stake in the company after it held an open offer for 19.3 million shares.
Ericsson and Samsung Electronics have come to a new licensing pact for wireless technology, putting an end to the patent war between the two firms, Bloomberg reported.
Philippine-based multi-chain retailer Robinsons Retail Holdings Inc agreed to acquire three-store supermarket chain Jaynith's Supermarket for an undisclosed amount to further boost its retail network.
PCA Investments have decided to close a multistrategy hedge fund after China's sovereign wealth fund China Investment Corp withdrew its support, according to sources interviewed by Bloomberg.
