Sectors
Facebook's Instagram said to ink $50M advertising deal with Omnicom Group
Instagram, the mobile photo sharing service of Facebook Inc, has signed a $50 million advertising deal with Omnicom Group, according to sources interviewed by Bloomberg.
Tencent Holdings may acquire a 16pct stake in online retailer and merge platforms
Tencent Holdings, the biggest Internet company in China, could get a 16% stake in online retailer JD.com, according to a Chinese business newspaper, Reuters reported.
Virginia-based furniture rental firm CORT buys AA Party Rentals
Virginia, US-based furniture rental firm CORT Business Services bought Mountlake Terrace, Washington-based events planning firm AA Party Rentals for an undisclosed amount to expand its product offering.
New Jersey paint retailers Norton Paint and Eagle Paint merge
Englewood, New Jersey-based paint retailer Eagle Paint and Wallpaper Inc bought troubled Paramus-based rival Norton Paint for an undisclosed sum to gain traction over rivals in the paint industry.