Internet giant Yahoo Inc. could raise around $36 billion should it decide to divest its entire 24% stake in Chinese e-commerce company Alibaba. Yahoo will be forced to sell much of its stake if and when Alibaba sells its shares in an IPO.
United States
Google-backed 23andMe Inc's row with regulators leads to strict oversight of personal gene tests- report
The row that occurred between 23andMe Inc and the Food and Drug Administration has led to stricter oversight of the genetic testing industry, according to a Bloomberg report.
FirstGroup rejects hedge fund call for company breakup and asset sales
UK-based FirstGroup said no to the proposal of hedge fund Sandell Asset Management to split the company and sell assets, saying the plan contained a number of structural flaws and inaccuracies, a Bloomberg report said.
Rambus wins in $280 million patent settlement with Micron
A joint statement on Tuesday revealed that Micron Technology will be paying Rambus at $10 million in royalties per quarter for a seven-year period for the former's use of the latter's DRAM memory patents.
Blackstone Group set to get large private equity payday from Hilton IPO- report
Private equity giant Blackstone Group stands to get a huge profit from the initial public offering of Hilton Worldwide Holdings scheduled for today, a Bloomberg report said.
Latest News
Discovery Communications is looking to buy Food Network majority owner Scripps Networks Interactive. The possible deal could bring in a combined market capitalization of $43 billion.
A Financial Times report said activist investor Sandell Asset Management has written a letter to UK transport group FirstGroup to sell its US businesses so it can pay down debt.
BBX Capital Corporation announced its acquisition of Florida-based premier chocolate product provider Hoffman's Chocolates, including its subsidiaries Good Fortunes and Boca Bons, for an undisclosed sum.
Italian ski wear maker Moncler intends to price its initial public offering at €10.20 per share, the top of its earlier indicated range. The deal will reportedly raise €585 million to €681 million.
CVS Caremark Corp. and Cardinal Health Inc. are looking to set up a joint venture that will be the biggest generic medicines supplier in the US. The said venture will be equally owned by the two drug companies.
JPMorgan Chase has filed an application for a payment system that is similar in many ways to the controversial Bitcoin, according to a Financial Times report.
Minnesota-based mobile device management software maker JAMF Software, which focuses exclusively on Apple gadgets, has raised USD30 million to drive product development and expand industry partnerships.
US-based big data company Palantir Technologies Inc has raked in USD107.5 million in a funding round filed last week that valued the firm at USD9 billion.
General Motors Co. has named Mary Barra as new chief executive officer a day after the US government exited its final shares of GM. Barra will replace GM CEO Dan Akerson who is retiring on January 15.
