Various private equity firms from the UK, US and Hong Kong are reportedly among those who placed initial bids to takeover Indian business process outsourcing company SourceHOV. Initial bids have valued the BPO firm at USD1 billion.
Sectors
Canadian mining firms Fission and Alpha receive shareholder approval for merger
Canada-based uranium exploration firms Fission Uranium and Alpha Minerals have received shareholder approval for their plans to merge their respective interests in a Patterson Lake South project.
Samsung C&T nabs USD1.22 billion order to construct Saudi Arabia power plant
Samsung C&T Corp. on Monday announced that it has been awarded with a KRW1.29 trillion (USD1.22 billion) order to build a power plant in the western Saudi coast. Rabigh 2 power plant is expected to yield 2060 megawatts of electricity.
Australian insurer Cover-More plans $476 mln IPO
Australian insurer Cover-More Group is seeking to raise A$521.2 million in an initial public offering by selling up to 260.6 million shares at A$2 each, according to a prospectus lodged on Monday.
Bitcoin fever spreads to Silicon Valley - FT
According to Financial Times, the Bitcoin fever has caught on to Silicon Valley with digital currency companies getting venture capital financing in their early rounds.
Latest News
Germany based energy firm SolarWorld has bought Bosch Solar Energy in an effort to increase its influence and market share in the solar energy industry.
Software solutions maker Datel, the leading Sage Business Partner in the UK, announced its acquisition of the Sage 200 customer base from Pythagoras Communications Ltd.
Ukraine can get cheaper natural gas if it joins an economic bloc led by Moscow, Russian First Deputy Prime Minister Igor Shuvalov told Bloomberg News.
Social media giant is in talks for its first acquisition of a product firm in India, Bangalore-based performance analysis and monitoring tools startup Little Eye Labs.
With more shoppers wishing to avoid the throng, research firm comScore reported a 15% increase of online spending on Black Friday to USD 1.20 billion.
Lawyers working in the buyout industry say that the private equity industry is bracing itself for more scrutiny by US regulators, according to a report.
The Obama administration declared victory on Sunday in its effort to get HealthCare.gov working smoothly for the vast majority of users, saying the site had reached a goal of handling 50,000 simultaneous users after a five-week "tech surge."
British oil services group Petrofac is not interested in acquiring Swiss-based engineering company Foster Wheeler, a source familiar with the UK company said on Sunday.
Iceland said on Saturday it would launch a mortgage debt relief program worth about 150 billion krona, in a move that could hurt its credit ratings and which critics say could scare off foreign investors
