Marc Lipschultz, the head of global investment firm KKR & Co's Energy and Infrastructure unit, has resigned from the board of Energy Future Holdings Corp, Bloomberg reported.
Regions
India-based Kotak Private Equity to purchase 19pct stake in Samson Maritime- sources
Kotak Private Equity is purchasing a 19% stake in offshore logistics support services firm Samson Maritime from IFC and JM Financial for Rs 150 crore, sources told The Economic Times.
Japanese restaurant in Pittsburgh accepts Bitcoin
A Japanese restaurant in Bloomfield, Pittsburgh is already accepting the digital currency Bitcoin to pay for Omakase or "chef's tasting menu," a report on Pittsburgh Post-Gazette said.
Emerging market private equity investors still drawn to China- FT
China will continue to attract private equity investors of emerging markets, according to Paul Fletcher of Actis and Sev Vettivetpillai of Abraaj in their talk with Peter Vanham of Financial Times blog beyondbrics.
Microsoft reduces prices of storage services to compete with Amazon
Microsoft is not going to permit itself to be counted out of the cloud game and has taken on Amazon by reducing the prices of its cloud storage services, VentureBeat reported.
Latest News
New York-based television agency Peleton Entertainment bought Todd Berger's consulting firm Creative Media for an undisclosed amount to expand into animation, branded entertainment, and feature film.
This week, emerging market economies were battered. A report written on Bloomberg View by its editors gives the reasons why this has happened and what can be done about it.
Blue Ash, Ohio-based private equity real estate firm Viking Partners sold Indiana-based shopping center Fishers Crossing to a California-based investor in a deal valued at $4.1 million.
New York, US-based real estate services and investment firm Kennedy-Wilson Holdings Inc purchased Victory Plaza retail center and its neighboring 2.4-acre land in Los Angeles, California for a total of $30 million in debt.
Union Square Ventures, a New York-based venture capital firm, has secured $350 million which will be divided between its fourth early stage fund and second "opportunities" fund, Fortune reported.
Private equity investor Andrea Bonomi, the biggest investor in Milan, Italy-based banking firm Banca Popolare di Milano (Pop Milano), has offloaded his entire 8.6% stake in the bank, according to a source familiar with the matter.
The Motorola Mobility unit of Google was mostly defeated in the antitrust case it filed against LCD makers it had claimed colluded to fix prices, Bloomberg reported.
After two years of operation, California, US-based virtual gaming startup Cloud Party has been acquired by Yahoo for an undisclosed amount and will shut down on February 21, 2014.
American firm STOPit launched a mobile app that functions as a tool that students, parents, and schools can use to fight cyberbullying and report an incident to school officials, authorized adults, or law enforcers.
