IBM will be investing $1.2 billion to bolster its $2 billion purchase of SoftLayer Technologies last year, a business which it is betting on for growth, Bloomberg reported.
United States
KKR invests $100M in Dublin helicopter leasing business
New York, US-based private equity firm KKR Financial Holdings will invest over $100 million in Dublin, Ireland-based helicopter unit of Lease Corporation International (LCI) to support the latter's growth plans.
Sysco Corp-US Foods deal draws US regulators' scrutiny
Sysco Corp's $3.5 billion acquisition agreement with US Foods has drawn the interest of US regulators over concerns that the deal could weaken competition in the industry, Bloomberg reported.
Cerberus to exit stake in Japan's Kokusai Kogyo for at least $1.25B -sources
New York, US-based private equity firm Cerberus Capital Management LP decided to exit its entire majority interest in Japan-based property operator Kokusai Kogyo Co in a deal valued between $1.25 billion to $1.34 billion.
Private equity-backed RSP Permian Inc raise $390M in IPO
RSP Permian Inc, a private equity-backed shale oil and gas exploration firm, was able to raise $390 million in its initial public offering after selling shares near the low end of its price range, Bloomberg reported.
Latest News
Yahoo's Editor-in-Chief Jai Singh resigned from the company due to an unconfirmed reason, on the heels of the news that the company's chief operating officer has been fired.
Cyber attacks increased 14% last year as hackers look to firms in the pharmaceuticals, mining and electronics industries which are rich repositories of intellectual property, the Financial Times reported.
Will having Kentucky Senator Rand Paul and other adults on Snapchat make the service unpopular to teens and make it go the way of Facebook?
Rhode Island, US-based startup Teespring has raised $20 million in its first round of funding led by Andreessen Horowitz to sell custom and pre-ordered T-shirts for a cause.
As the New Year starts to roll, private equity firm Carlyle joins the other firms racing to make acquisitions with its $4.15 billion purchase of a Johnson&Johnson unit, the Financial Times reported.
Marlyand, US-based education startup Tales2Go bagged $750,000 in a seed funding round led by NewSchoolds Venture Fund and Maryland Venture Fund to improve students' listening fluency through a "Netflix-like" audiobook app.
A Kickstarter campaign allowed chip startup Adapteva to bridge the gap between its Series A and Series B rounds and prove its market, a Gigaom report said.
The National Security Agency in the US collects nearly 200 million text messages every day, storing in its database information like addresses, financial transactions and contact networks.
South Korea-based investment fund Korea Investment Corp (KIC) is considering selling a $1-billion stake in Bank of America after the latter's value halved since 2008, according to a report by Korean media.
