Switzerland-based food group Nestle SA is divesting its Givaudan SA shares worth USD1.27 billion to institutional investors, according to a statement on the company's website.
Regions
Job site Dice acquires California's recruiting firm getTalent
San Francisco-based recruiting startup getTalent's founder Abraham Shafi told TechCrunch that his company was just acquired by job website Dice, but financial terms of the said deal were not disclosed.
Twitter's Dorsey competes with Son of Softbank over Japan credit-card transactions
The potential growth of credit-card payment processing services in Japan saw Twitter Inc. co-founder Jack Dorsey's Square Inc and SoftBank Corp's venture PayPal Here battling for a sizeable market share in the niche business.
Private equity IPO exits come alive in Europe- report
Private equity firms in Europe have chosen initial public offerings as the way to exit their investments as the markets have become open, according to a report from the Financial News website.
Vale looking to exit stakes in fertilizer and coal business, steel plant
Vale SA, the world's largest iron-ore producer is considering to sell its holdings in its coal and fertilizer divisions. The Brazilian mining giant is also looking to sell its stake in a steel-slab plant constructed with Germany's ThyssenKrupp AG.
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Experts say there is a possibility that London-based hedge funds may be pushed away from the UK after the government said it would be conducting a clampdown on corporate partnerships.
Investment firm Catalyst Capital Group is the fourth bidder to withdraw from the Canadian government's auction of a 700 MHz wireless spectrum. Canada seeks to break the stronghold of three dominant players in the country's mobile phone business.
As part of its recent acquisition streak, SFX Entertainment bought a majority stake in European ticketing services company Paylogic in a deal valued at approximately USD16.5 million.
Telecom Italia's activist investor Marco Fossati campaigned against the enforced sale of TIM Brasil. Brazil's competition regulatory body ruled earlier this week that Telecom Italia must divest its stake in the Brazilian mobile carrier.
New Orleans-based offshore service vessels provider Tidewater Inc is investing USD30 million to start its subsea operations business, Tidewater Subsea, located in the Gulf of Mexico.
Former American Idol host Ryan Seacrest invested USD1 million to develop a prototype of Typo Keyboards, a simple device that functions as an attached keyboard for iPhone 5 and 5S.
Shares of Australian broadcaster Nine Entertainment declined in its first trading day by as much as 3.4% in Sydney to AUD 2 per share from its offer price of AUD 2.05.
Talal Shakerchi-backed hedge fund Meditor Capital Management is shutting down its equity fund, citing European rules that require hedge fund firms to disclose their bearish bets against companies.
Private equity group Southern Capital Partners offered to buy Malaysian tertiary education provider HELP International Corp Bhd for USD111.3 million (MYR359.3 million) and plans to delist the firm should the deal be successful.
