Smartphone app developer Shazam received US$40 million worth of investment from billionaire Carlos Slim.
Sectors
Cohen To Remain Under Investigation
According to a person familiar with the matter, Steven Cohen would remain under investigation even after prosecutors missed a late July deadline for charges labeled as the largest insider trading in history.
ProSiebenSat.1 Find No Buyer for German Group
ProSiebenSat.1 said that its owners did not find any potential buyer for Der Spiegel, a German commercial broadcaster.
Cable Deals in Spotlight at Sun Valley Conference
John Malone, Chairman for Liberty Media was reported to be the most popular media billionaire attending the annual meeting for tech and media moguls.
Japan Mergers Hit Lowest in Nine Years while Yen Unstable
Japanese mergers affected by volatile yen. Japan has hit the lowest number of deals since 2004. The number of mergers in the first two quarters of 2013 was 997 with a total valuation of US$45.
Latest News
Vivendi explored other options to get cash from its Activision Blizzard arm after failed sale of a part of its 61% stake in the US video games business.
Mobileye NV said on Sunday that it had raise money from five investors valuing its equity to US$1.5 billion.
Wal-Mart’s expansion to India was stalled after stating that the company needs around 12 to 18 months before it can open its first retail outlet in the country.
BP PLC and Royal Dutch Shell opted to hold funds for four current investments Royal Dutch Shell and BP PLC halted funds for four separate investments, executives at BP and Royal Dutch Shell said in interviews.
On Sunday, Greek and EU officials said that Greece is likely to reach a deal with foreign lenders regarding its bailout review.
DVK Group partners with a Qatari royal to establish a Shariah compliant investment fund for women business leaders.
Gulf Marine Services receives loan facility worth UAE1.32 billion or US$360 million. On Sunday, the Abu Dhabi Islamic Bank had closed a syndicated Islamic loan facility valued at UAE1.
Thaksin Shinawatra, the former Thai PM, would purchase the Bakrie family interest in Bumi Plc. Thaksin Shinawatra, the former Thailand prime minister, has been in discussion to purchase the 23.
Reliance Communications would be listing its real estate business into a separate unit. The Reliance Communication of India has announced it would be spinning off its real estate business to a separate unit.
