Australia-based real estate manager GPT Group will not increase its takeover bid for Commonwealth Property Office Fund (CPA), making way for Dexus Property and the Canada Pension Plan Investment Board (CPPIB) to make competing offers.
Tags: The Sydney Morning Herald
Sydney Film Festival: The best of Sydney Film Festival revealed; ticket sales increase to 8% from last year
Far more than just screenings, Sydney Film Festival features huge range of events that wrap around films that cater to viewers and film enthusiasts to have during the festival. From June 3 to 14, 2015, Sydney Film Festival is on the go to feature some of the cinemas unique movie offerings in various genres.
Microsoft acquires Kiwi cloud computing firm GreenButton
Washington, US-based software giant Microsoft acquired Wellington, New Zealand-based cloud computing firm GreenButton for an undisclosed amount to incorporate it into the Azure public cloud platform to give companies remote access to software.
Australian firm Nexvet scores $31.5M to expand clinical program for pets' health
Melbourne, Australia-based animal therapeutics developer Nexvet Biopharma scored $31.5 million in a funding round from investors and shareholders to expand its product portfolio and clinical program for pets' health.
Melbourne IT adds web hosting firm NetRegistry in $50M deal
Melbourne, Australia-based web hosting provider Melbourne IT added Sydney-based web domain registry and web hosting firm NetRegistry in a deal valued at $50.4 million to combine two of the biggest web service businesses in the country.
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Australia-based boutique funds management company Paradice Investment Management has acquired a 5.14% stake in electronics retailer Dick Smith, according to a document filed with the Australian Securities Exchange (ASX).
Swedish laboratory Nordic Society for Intervention and Discovery (NSID) has raised funding via Indiegogo to develop No More Woof, a headset prototype that translates dogs' thoughts into English.
As part of its goal to offload non-core assets, Australia-based food company Goodman Fielder had sold its biscuit business at a loss to Green's Foods in a deal valued at $17 million.
The government of Queensland has exited its 74.3 million shares worth USD350 million in the formerly state-owned coal and bulk freight rail company Aurizon, reducing its stake in the firm to under 5%.
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