Blink, the online travel app was purchased by Groupon for an undisclosed amount. Groupon announced the acquisition of Blink, an online travel app. The focus of Blink is the European market, with highly curated same day booking services to add on to the rapidly expanding Groupon Getaways travel business.

HookLogic raised a USD14 million in Series B growth funding. HookLogic had received a USD14 million Series B growth investment to further expand its leadership in the commerce search advertising industry.

Orange SA sees market consolidation as the next wave should Telefonica SA and Royal KPN NV merge. The largest phone company in France, Orange SA, said that if the Telefonica SA and Royal KPN NV bid to merge their German assets receives regulatory approval, there would be a major shake up in the telecommunications industry in Europe.

Blackberry shares jumped slightly as rumors of a buyout offer from its biggest shareholder became news.

The Fiat-VEBA deak was expected because of the absence of top executives in the Frankfurt Auto Show.

The much awaited IPO of cybersecurity firm FireEye would push through with a pegged price of between USD12 and USD14 per share.

Virident is purchased by Western Digital for USD685 million in cash. Western Digital Corp, the hard drive manufacturer, announced its pending purchase of Virident Systems Inc, a flash memory manufacturer for servers.

The award to Tokyo as the 2020 Summer Olympics host leveraged to pass gambling casino legislation. Two major gaming firms, Las Vegas Sands Corp and MGM Resorts International are searching for sites to build casinos in Japan.

The higher interest rates imposed on small businesses hurt the Spanish recovery program. Despite the expansion of Spanish manufacturing and services sectors of the country, which is the first time in the past two years, the lack of available funds for lending clearly hindered the growth of the country.

The benchmark debt from Russia has now been made available expecting a windfall after US Fed Reserve remarks on scaling back stimulus expenditures.

Microsoft allows Xbox music service to iOS and Android devices. In its latest move, Microsoft is allowing its Xbox Music service available to its Android and iOS devices in order to better compete with iTunes services from Apple, as well as Spotify Ltd and Pandora Media Inc.

GM George Steel found supporters in New York's Opera board for his demand for USD7 million for the year.

Standard and Poor's analysts have criticized the practice of Scandinavian banks. The biggest banks of Scandinavia have failed to curb risks of financial innovation and would avoid downgrades unless national regulators requiring stricter measures, according ratings agency to Standard & Poor's.

The law firms provided able legal support to the American Tower and MIP Tower Holdings. The largest operator of cellular towers in the United States, American Tower Corp, had entered into an agreement to purchase the parent firm of its rival Global Tower Partners.

The China Business News reported five officials of PetroChina were detained, a report that was denied by the oil company as 'inaccurate.'

The Nigerian sovereign wealth fund's head was in the process of determining among eight asset classes which one should be in the fund's portfolio.

The rule increasing the processing time from five to fifteen days was met with waves of complaints as it hinders business operations.

Andre Esteves' Grupo BTG Pactual exercised option to purchase MPX Energia shares. The investment bank controlled by tycoon Andre Esteves, Grupo BTG Pactual, had announced the exercise of an option to acquire 28.

US engineering firm Jacobs Engineering purchases Sinclair Knight Merz for USD1.2 billion. AUD1. 3 billion is the price tag Jacobs Engineering Group would pay to acquire Sinclair Knight Merz.

Amazon clarified a blog report that the ecommerce firm was preparing its own phone. According to Drew Herdener, spokesperson for Amazon. com, the Seattle based e commerce firm has no plans to introduce a phone in 2013.

Vietnam's largest mall operator had recently decided to withdraw its IPO and bond listing in the SGX due to continued capital flight from emerging markets.

One scenario is the divestment of the L'Oreal shares but Nestle may pull a surprise at the last minute.

Suntory purchases two GSK drink brands for USD2 billion. Japan's Suntory Beverage and Food Ltd has agreed to purchase the Lucozade and Ribena brands from GlaxoSmithKline Plc at a cost of GBP1.

SJM, the gambling firm owned by mogul Stanley Ho, is set to expand with a new casino resort in the Cotai area of Macau.

United Arab Bank recently formalized a sponsorship agreement with FC Barcelona. FC Barcelona, the Spanish football giant, had further strengthened its partnership with the Gulf region as it announced last Sunday the forging of a three year deal with UAE financial institution United Arab Bank.

In an announcement, Qatar Airways CEO formalized an exchange programme between Qatar Airways and British Airways.

Singapore is the listing index for Xyec Holdings instead of Japan. The first Japanese firm to debut exclusively in Singapore, Xyec Holdings Co, plans to expand its information technology expertise to Southeast Asia through local purchases and engagement of local talent.

The discussions of a possible merger between DAE and StandardAero has ended. StandardAero's owner, Dubai Aerospace Enterprise, said it had ended discussions with British aircraft servvices company BBA Aviation.

Zoopla engaged the services of Credit Suisse for its IPO. Zoopla, the British property website, had engaged the services of the investment bank Credit Suisse in order to explore growth opportunities.

China establishes free trade zone to help liberalize yuan trade. In an expected move, China had issued a directive to allow free exchange of the yuan currency within the borers of its first free trade zone.