Baidu acquires PPS online video operations to expand its market share. Baidu. com, the Beijing based Chinese language Internet web search portal announced that it was purchasing the online video operations of PPS for the price of US$370 million.
Sectors
Web Video start ups prepare for IPOs
Web video start ups prepare for IPOs as market continues rapid growth. The skyrocketing demand for web commercials that play alongside video clips that fuel growth in marketing startups.
Top Three Investors in JP Morgan on the Fence
BlackRock, Vanguard and Fidelity remain on the fence as to the approval of the recommendation to separate CEO and Chairmanship duties.
Sunstone Hotel Purchases Boston Park Plaza
Sunstone Hotel purchases the iconic Boston Park Plaza for US$250 million. Sunstone Hotel Investors Inc has entered into an agreement to purchase the Boston Park Plaza Hotel and Towers.
Australia's Wireless Spectrum Bought
Three major companies have purchased spectrum from Australia's regulator. Australia's wireless spectrum has been sold off to the consortium of Telstra Corp, Singapore Telecommunications Ltd's Optus unit and TPG Telecom Ltd.
Latest News
SeaWorld, after its recent IPO, is seeking a US$1.4 billion loan in order to refinance its debt. The Blackstone Group controlled SeaWorld Entertainment Inc is now seeking a US$1.
The New Zealand government is divesting its interests in private companies in order to curb costs and trim debt.
Hertz's private equity shareholders sell of interest. In an announcement, Hertz Global Holdings Inc said that private equity firms of Clayton, Dubilier & Rice, the Carlyle Group and the Bank of America Merrill Lynch have exited their ownership in the company.
For the third straight time, Buffet's Berkshire Hathaway has sold off Moody's shares. In another surprising move, Warren Buffett's Berkshire Hathaway has sold another 1.
Clustrix raised US$16.5 million from investors totalling US$46.5 million overall. On Monday, Clustrix announced the recently concluded funding round that was able to raise an estimated amount of US$16.
Flexitallic, the sealing product specialist has been acquired by international private equity firm Bridgeport.
Fsstback Networks completes its Series B Financing raising US$15 million for the company. In an announcement, Fastback Networks said that it has closed its US$15 million Series B financing.
Onex, in a bid to expand its watch and buy segment, purchases Nielsen Expositions from its parent firm.
TallGrass Energy IPO to be done with an expectation of revenues amounting to US$300 million. About US$300 million is expected to be raised by Tallgrass Energy Partners LP from its initial public offer.
