EE joint owners France Telecom and Deutsche Telekom to undertake IPOs of shares. In an announcement, Deutsche Telekom AG said it has valued its joint venture with France Telecom, EE, at GBP10 billion or US$15.
Sectors
Glencore-Xstrata Merger not between Equals
The mining industry's largest merger started off with the unceremonous removal of the Xstrata board by Glencore shareholders.
US$20M Secured by Kite Pharma at Conclusion of Series A Preferred Stocks Transfer
Kite Pharma secures US$20M and converts existing promissory notes into Series A preferred stock. Kite Pharma Inc. disclosed today in an announcement that it secured a US$20 million private placement of its Series A preferred stock.
Dixons to Sell Off PIXmania
Dixons Retail may either sell off or close PIXmania as a business. The second largest electrical goods retailer in Europe, Dixons Retail, said that it was interested in selling off its PIXmania e-commerce business.
Vodafone Partners with Deutsche Telekom for Expanded Services
Vodafone partners with Deutsche Telekom for expanded services for the German market. In a new development, Vodafone would now be able to offer over broadband pay-TV to its German subscribers with the new accord signed with Deutsche Telekom AG.
Latest News
NBGI Private Equity signs Tim Kelly as its second board member for its Senior Industry Advisory Board.
HgCapital pulls toymaker Schleich out of the market. HgCapital. the European equity group, has halted the sale of German toy company Schleich. Schleich manufactures miniature animal figures and popular blue toys called Smurf.
Apple Inc has been dumped by many investment fund management firms. Apple Inc, once the apple of the eye of many hedge funds has recently been dropped by some named hedge fund managers in the first quarter of 2013.
Apptio, the startup firm that helps companies navigate cloud computing, has increased in value as well as investments into its business model.
Royal KPN NV sells off shares for IPO. Dutch telecommunications giant Royal KPN NV has raised Eur2. 92 billion or US$3. 78 billion in share sale proceeds as investors bought 97.
OAO MegaFon issues dividend to shareholders. The second largest Russian mobile operator in terms of revenue, OAO MegaFon, has surpassed its larger competitor OAO Mobile Telesystems in terms of market value after it had pledged to pay out US$1.
Bilfinger SE set to purchase Siemens water business. The second largest construction company in Germany, Bilfinger SE, is now contemplating a bid for the water technologies business being offered for sale by Siemens AG.
The water utilities firm Severn Trent declines the takeover offers but advises deadline as to formal bids.
Enlightenment Capital invests in Opera Solutions for an undisclosed amount. The Washington, DC -based defense, aerospace and government-focused investment firm, Enlightenment Capital, has invested in the world renowned in machine learning science application and superior Big Data predictive analytics that impels greater profit, Opera Solutions, LLC.
