Supply chain services expert syncreon welcomes new investor Centerbridge Partners into the fold. One of the world's leading providers fo customized supply chain services, syncreon Holdings Ltd, announced it had formalized an agreement with its shareholders with Centerbridge Partners as to the latter's minority investment in the firm.
Telecommunications
Italian government prefers Telefonica than Sawiris for Telecom Italia- newspaper
An Italian newspaper reported that the Italian government preferred the merger of Telecom Italia with Spain's Telefonica than have Naguid Sawiris acquire a stake in the firm.
LAVCA report released for first half of 2013
According to the Latin American Venture Capital Association, there has been a 100% increase in value and volume for the market for the first half of 2013.
Axel Springer pulls out of bidding for Scout24
German publisher Axel Springer withdrew from the race to bid for 30% of Deutsche Telekom's Scout24.
Nokia follows Ericsson in networks focus
Nokia had its focus redirected on network equipment manufacturing after it sold its handset units to Microsoft Corp.
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Hearsay Social, through investors Sequoia Capital and NEA, raised another USD430 million for its funding requirements.
A source told Reuters that Naguib Sawiris, America Movil and AT&T made preliminary contact with the core investors in Telecom Italia who wanted to exit the company.
Tele2 said it would want to increase its market share in the mobile telephone market in the Netherlands to 20% after the roll out of its own network.
A Finnish state fund had reduced its stake in telecoms group TeliaSonera by 10% and said to sell 68 millions shares of common stock.
News Corp. sold 33 local newspapers of its newspaper portfolio to Fortress Investment Group LLC. An Associated Press report said that News Corp. sold 33 smaller publications of its newspaper portfolio to Fortress Investment Group LLC for an undisclosed amount.
Former TNK-BP executive Mikhail Slobodin replaces Anton Kudryashov as head of Vimplecom's Russian business.
With nearly USD30 billion retained from the buyout, Vodafone is gearing towards expansion and technology upgrades.
The sale of 11% over Prosiebensat.1 is the start of the exit of KKR and Primera from the business. ProsiebenSat. 1 private equity owners are selling off an 11% share in the free-to-air broadcaster from Germany.
The projected bond issue for the Verizon-Vodafone exit deal would exceed the previous high set by Apple.
