In a bid to outdo Twitter in terms of real-time sports discussion, social media giant Facebook has bought sports aggregator SportStream for an undisclosed amount.
United States
Texas energy firm Comstock to spend $450M for its drilling and completion operations in 2014
Texas, US-based energy explorer Comstock Resourced Inc has allocated roughly $450 million as investment for its drilling and completion operations in 2014, with a further $28 million for leasing activities.
Kraft Foods Group Inc authorizes stock repurchase worth $3 billion
A $3 billion share buyback program was authorized by Northfield, Illinois-based Kraft Foods Group Inc, the first after the firm turned independent in October 2012.
Sony Corp mulls sale of Gracenote- sources
Sony Corp is thinking of selling its audio recognition software business Gracenote and has hired Qatalyst Partners of Frank Quattrone to explore the sale, Bloomberg reported citing people with knowledge of the matter.
William Morris wins takeover bid for IMG -sources
Sources on Tuesday told the New York Times that William Morris Endeavor Entertainment has won the auction for sports and media talent agency IMG Worldwide. With a $2.3 billion offer, WME beat two other bidders backed by private equity firms.
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Google Inc. is looking to develop an $82 million corporate aviation facility in San Jose to service its private jets. Google is partnering with private aviation firm Signature Flight Support and private jet company Blue City Holdings for the project.
Multinational Internet corporation Yahoo Inc. has acquired content delivery network startup PeerCDN for an undisclosed sum. PeerCDN technology improves website speeds at lower bandwidth costs.
Payments giant PayPal announced its acquisition of San Francisco-based mobile app developer StackMob for an undisclosed sum to help improve its mobile payments apps and services.
The Financial Times reported two banks divested trade finance assets amounting to $1 billion in a securitization that would get these assets to institutional investors from bank balance sheets.
New York-based venture capital firm Zelkova Ventures and several angel investors have committed $2 million in seed funding for North Brooklyn on-demand laundry startup FlyCleaners.
Massachussetts, US-based mobile data analytics firm Trinity Pharma Solutions announced raising $15 million in a growth round led by Health Enterprise Partners for its expansion in New Jersey and California.
An infographic shows that investors have invested $3.6 billion in 2013 in companies focused on big data, comprising close to three quarters of the money poured into these firms from 2008 to 2012.
As talk about the US Federal Reserve tapering grows, a Financial Times report said markets are now more prepared should a reduction in asset purchases actually become a reality.
Activist investor Barington Capital Group said that Darden Restaurants Inc., the operator of Olive Garden and Red Lobster restaurant chains, could be worth $71 to $81 per share. Barington recommends that Darden split into two companies.
