IHS announced that it had collected a total of US$522 million from the IFC and private equity investors.
Telecommunications
Esendex MBO valued at GBP 11 million
Esendex, a business short message services provider, engaged in a management buy-out (MBO) worth GBP 11 million with the backing of Darwin Private Equity.
Cinven, to refinance GBP 438 million buyout with debt
Private equity firm Cinven seeks the help of banks to refinance buyout of Host Europe Group. Cinven has started approaching banks for debt proposals to help in refinancing the firm's GBP 438 million (US$671 million) buyout of Host Europe Goup, an internet domain and hosting company.
ITV acquires Big Talk Productions for an estimated GBP 12.5 million
British television network ITV has bought Big Talk Productions for an estimated GBP 12.5 million. In a deal estimated to be worth GBP 12. 5 million, British TV network ITV PLC has bought Big Talk Productions and its associated companies.
Turk Telekoms offers US$530 million for Digiturk
TMSF said that Turk Telekoms has made a US%530 million offer for DigiTurk. Turk Telekom said that they have made a US$350 million offer to buy a 53% stake in Digiturk, a Turkish digital pay-TV operator.
Latest News
VeriStor Systems announced collaborative partnership with Zerto for cloud disaster solutions project.
Facebook Inc's revenue increase with the upsurge of users and advertisements. Facebook Inc announced a 76% improvement in mobile advertising revenue in their second quarter report, igniting a 20% share rally for the world's largest social network.
Tradelab solidifies partnership with brand marketing leader TubeMogul. French trading desk Tradelab announced its strategic partnership with brand marketing company TubeMogul earlier today.
'America's Got Talent' continued its search for a star who could give America a performance that is worth US$1 million.
Former IBM Managing Director Michael Dobak has been elevated to CEO by Ogilvy & Mather. Ogilvy & Mather (O&M), one the leading marketing communications companies in the globe, announced 44-year-old Michael Dobak as CEO of California-based Ogilvy & Mather West.
Time Warner Cable and CBS have yet to reach a conclusion regarding the re-transmission of CBS programming.
Investel Capital agreed to purchase British Columbia-based Coastline Broadcasting. Investel Capital Corp. , an investment fund with offices in Toronto and Vancouver, agreed to purchase British Columbia-based cable television provider Coastline Broadcasting of Black Creek for an unspecified amount.
Vivendi SA is in talks with Emirates Telecommunications concerning its 53 percent stake in Maroc Telecom.
Messaging service provider Hall received USD 5.5 million from new and existing investors in series A funding.
