For a symbolic dollar, Provo sells its network to Google. Google's Fiber is destined to be located in Provo, Utah after the search engine giant has entered into an agreement with the city's network for just US$1.

Mongolia's Strategic Entities Foreign Investment Law has been amended to relax requirements for foreign investments.

KPMG purchases Makinson Cowell to assist in determining shareholder opinion on company management. KPMG is in the process of acquiring Makinson Cowell, the London-based corporate advisory firm.

Blackhawk, Safeway's company, priced its IPO above initial pricing. The gift card provider, Blackhawk Network Holdings Inc, is owned by Safeway Inc recently announced it has raised US$230 million in its inital public offering.

ING sells shares in KB Life to JV partner. ING Groep NV, the Dutch bank and insurance group announced that it had agreed to sell its 49% shareholdings in KB Life, the Korean insurance company.

NovoPedics obtains funding from Foundation Venture Capital. The recently established NovoPedics was able to obtain a $500,000 funding from Foundation Venture Capital.

Saban Capital Group opens its Saban Capital Group Asia subsidiary. In an announcement, leading global media and communications investment firm Saban Capital Group disclosed that its fully owned subsidiary Saban Capital Group (Asia) Pte Ltd.

Blackstone is in the process of selling Barker Block in Los Angeles. Blackstone Group LP is in the process of selling off its London West Hollywood hotel property to maximize the benefits provided by the surging Los Angeles lodging market.

EBRD announces the purchase of 5.75% share in chemicals maker Azoty Tarnow. The European Board for Reconstruction and Development's Board of Directors has agreed to purchase a 5.

The largest corporate bond issue of the Philippines was recently launched by San Miguel Corp. The Philippines' most diversified corporation, San Miguel Corporation has raised a US$800 million through a ten year bond issue.

Polyus Raises nearly US$750 million through a bond issue. Polyus Gold, the biggest gold miner in Russia, has raised nearly US$750 million through a seven year Eurobond issue.

According to anonymous sources, Blackstone Group withdraws from Dell takeover bidding. And now it has come to one, as Blackstone Group LP has withdrawn from the race for the takeover of Dell Inc.

The PCL Infrastructure Fund IPO increased by 17.6% from its unveiling price. The PCL Infrastructure Fund of BTS Group Holdings increased by 17. 6% during its trading debut last Friday.

The dual tranche Softbank Corp bond issue proceeds would help fund the Sprint Nextel bid of the company.

IBM has agreed to sell its x86 server business to Lenovo. The IBM Corp is discussing to sell off its x86 server hardware business to Lenovo Group, the Chinese computer manufacturer.

Seaworld sold 10 million shares at US$27 per share totaling US$702 million. SeaWorld Entertainment Inc is backed by Blackstone Group LP, which has priced the shares for initial public offering of the theme park operator at US$27 per share.

Silver Lake Partners have completed Silver Lake Partner IV fund worth US$10.3 billion. Silver Lake Partners, the partner of Michael Dell in the privatization bid for Dell Inc worth US$24.

UBS banker, also a vice chairman at UBS is leaving for Blackstone Group. According to two anonymous sources familiar with the move, the global head of industrial investment banking of UBS has resigned from the bank to join the advisory business of The Blackstone Group.

Paulson's Advantage Fund has declined gold shareholdings because of the decline in gold trading worldwide.

Tohiba and SunEdison have entered into an agreement to build megasolar plants. Toshiba Corp and a unit of MEMC Electronic Materials Inc, SunEdison have entered into an agreement to build solar power plants in Japan.

Dish plays national security issue in its bid to stop the Softbank bid from pushing through. Dish Network has formally sought regulator intervention, specifically suspension of the review of the bid provided by Softbank Corp of Japan for the acquisition of Sprint Nextel Corp.

Johnson and Johnson accounted for 92.3% of shares bought back, complicating matters for the Royalty Pharma takeover of Elan Pharmaceuticals.

CVC to purchase all of shares of Ista it does not already own. CVC, the private equity group is purchasing shares that it does not already own in Ista, the energy metering firm from Germany.

OPKO Health announced investment in OAO Pharmasynthez and partnership with Rusnano. OPKO Health Inc has announced that it would be investing about US$9.

Verizon's CFO is in the process of putting together a bid for Clearwire. The Chief Financial Officer of Verizon Communications Inc had confirmed that the telephone company is in the process of putting up a bid for Clearwire Corp for its wireless spectrum.

DN Capital welcomes to the fold Imran Akram who would focus on finding equity deals in the digital media and software niche market.

GBP5 million was raised in the latest Series A financing round for Fits.me. Fits. me announced today that its Series A investment round had reached approximately GBP5 million.

HitecVision acquires Deep Sea Mooring. HitecVision was pleased to inform the public on its hundred percent acquisition of the Deep Sea Mooring. In 2008, Odfjell Drilling established Deep Sea Mooring (DSM) from a domestic mooring service provider to one of the top three service providers of mooring for exploration and production companies and rig owners in Norway.

Riding high on the UBS backlash, Actelion investors reject plan for executive compensation during shareholder meeting.

Lone Star and Wells Fargo would divvy up the assets of Commerzbank. Lone Star, the private equity firm, and Wells Fargo are in talks to purchase a GBP4 billion or US$6.