A South China Morning Post report said Greenland Hong Kong Holdings Ltd, the real estate arm of China's state-owned Greenland Group, bought a site in Huangpu, Shanghai for CNY5.95 billion or HK$7.59 billion.
Tags: Acquisitions
Google Inc spends more than five biggest rivals combined in US in bid to grow to new markets- report
Compared to the spending of its five biggest US rivals combined, Google Inc has spent more money in the past two years in its effort to reach out to new markets, Bloomberg reported.
China-based 58.com Inc plans on acquisitions to improve services
Beijing-based 58.com Inc, a classifieds website operator that provides services similar to Craigslist, intends to acquire Chinese Internet companies to enhance its local information services, Bloomberg reported.
Acquisitions help push Cogeco Cable's quarterly profit
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.
Netherland's NXP Semiconductor CEO Richard Clemmer mulling over $1.5B in acquisitions
NSP Semiconductor Chief Executive Officer Richard Clemmer told Bloomberg that he is thinking of making as much as $1.5 billion in acquisitions of semiconductor companies that complement its core operations.
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An economics expert told Minnesota Public Radio News that the Blackstone Group's strategy to acquire private homes across the US was strategic as the latter was able to dominate and capitalize opportunities in a new market segment.
Repsol Chairman told Bloomberg in an interview that the oil producer is willing to acquire assets in US, Canada and Northern Europe. The company is willing to spend up to USD 10 billion for the acquisitions.
Salesforce.com Inc said acquisitions help increase the company's sales in the third quarter. Salesforce posted third quarter revenues of USD 1.08 billion, which represented a 35% increase compared to figures from the previous year.
Equity investors were seeing fewer options to place their bets on the market as the stock rally had driven up company valuations, said a Bloomberg report.
American Realty is set to have a total of USD15 billion in acquisitions in the near future, Currently, Nicholas Schorsch has his hands full, as his firm American Realty Capital Properties Inc, had nearly USD5 billion in takeovers and his share price declining by 20%.
Like many other Gulf Cooperation Council banks, AUB is now seeking investments overseas for diversification purposes.
The machine to machine sector is where Sierra Wireless would be seeking investments and acquisitions as it grows in the next five years.
Some investors of AT&T Inc were wary about the US telecom company's plans to acquire European carriers.
Canada-based High Liner Foods would be looking to acquire assets to increase its profit and be the largest frozen seafood company in North America.
