Cogeco Cable's recent acquisitions helped spur the quarterly profit of the Canadian cable company that provides cable television and internet and phone services to an 18% increase, Reuters reported.
Sectors
Charter Communications plans to offer Time Warner Cable offer directly to investors
Charter Communications Inc has made a formal offer for the third time to acquire Time Warner Cable but the bid was rejected. The company now intends to take the offer straight to the shareholders of Time Warner Cable, Reuters reported.
US-based call marketing firm Invoca secures $20M in Series C funding
California, US-based call marketing company Invoca raised $20 million in a Series C funding round led by Accel Partners for its workforce expansion and product development.
Institutional investors pose renewed confidence in private equity- report
Institutional investors contributed $216.56 billion to US private equity funds last year, a sign of their renewed confidence in the asset class, a report from Private Equity Beat of The Wall Street Journal Blogs said.
Singaporean lender OCBC to spend $298M to increase its stake in Chinese Bank of Ningbo
Singapore-based lender Oversea-Chinese Banking Corp (OCBC) will spend around CNY1.8 billion ($298 million) to increase its stake in China-based firm Bank of Ningbo Co from 15.34% to 20%.
Latest News
New York, US-based activist investor Jana Partners LLC hiked its stake in Colorado-based oil producer QEP Resources Inc from 7.6% to 9.5% on Monday, and announced its plan to nominate board candidates for the company.
Centerview Partners is set to split fees reaching $90 million with two other banks involved in the transaction between Beam Inc and Suntory Holdings Ltd, Bloomberg reported.
Melbourne, Australia-based real estate classified service REA Group Ltd bought rental application service 1Form Online Pty Ltd in a deal valued at $15 million as part of its strategy to link its customers with property-related services.
Turn, a marketing software and analytics platform, was able to get $80 million from its Series E round from two of the biggest investment firms in the world.
Australia-based mining firm Rio Tinto Ltd purchased C$1.29 billion (A$1.32 billion) worth of shares in Canada-based mining company Turquoise Hill Resources out of contractual obligations but maintained its present stake.
Japan-based beverage firm Suntory Holdings Ltd announced that it would add US-based spirits company Beam Inc in a $13.6-billion cash deal to facilitate overseas growth for the Japanese firm.
Mobile analytics company Kontagent which merged with PlayHaven last month was able to raise $4.8 million, according to a VentureBeat report which cited a Securities and Exchange Commission filing.
Van Nuys, California-based apparel brand licensing firm Cherokee Inc acquired the Huntington Beach-based clothing brand of legendary skateboarder Tony Hawk in a deal valued at $19 million in cash.
Volusion was able to obtain a 35 million credit facility from Silicon Valley Bank, the first external funding the ecommerce firm received since it was established in 1999.
