UK-based Aberdeen Asset Management revealed its plan to take away businesses from US investment managers such as BlackRock and Vanguard after completing the acquisition of Scottish Widows Investment Partnership (SWIP).
United States
Nokia exits handset business, Microsoft to takeover
Nokia shareholders were expected to approve the sale of its beleaguered handset business to Microsoft Corp. for EUR5.44 billion. The takeover would boost Nokia's cash position to EUR8 billion.
India's Financial Tech sells Singapore Mercantile Exchange for USD150 million
Indian trading platform provider Financial Technologies Ltd decided to sell its Singapore Mercantile Exchange (SMX) unit to Intercontinental Exchange Group Inc (ICE) for USD150 million amid regulatory scrutiny.
Simplivity raises USD58 million in Series C funding round
Simplivity's Series C investment round was oversubscribed, raising USD58 million in capital led by Draper Fisher Jurvetson and Kleiner Perkins Caufield & Byers and participated by new and existing investors.
Three exchange companies weigh bids for Euronext
Euronext attracted individual bids from three exchange firms just a week after the company was acquired by IntercontinentalExchange Group Inc, according to sources familiar with the matter.
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Pennsylvania-based ESSA Bancorp Inc signed a definitive agreement to acquire Franklin Security Bancorp in an all-cash transaction that is expected to be finalized by the second quarter of 2014.
American private equity firm Blackstone Group and its affiliate Panchshil Realty acquired a 49% stake in Express Towers for INR 900 crore. The yield-generating asset was previously held by the Indian Express Group and ICICI Venture.
Young technology companies were now looking for high valuations, according to a report from The New York Times Dealbook. Dropbox is the latest among them.
New York-based startup LightSail Education received USD3.5 million in a Series A funding round led by Viceroy Capital Advisors for marketing an app that helps improve students' literacy.
A report from The New York Times's The Dealbook showed where some members of the finance team who served in the first term of President Barack Obama are now.
French companies GDF Suez and Total and American private equity firm Hellman & Friedman were planning a public offering for jointly-owned Gaztransport & Technigaz (GTT). The IPO could value GTT at up to USD2.4 billion.
North Carolina-based payments platform Spreedly secured an additional USD500,000 in seed funding from Belgian angel investors group Emerge.be to be used for product development and hiring of additional staff.
San Francisco-based Dropbox said that it targets to raise USD250 million in its third funding round. If successful, this would give the web storage company a valuation of more than USD8 billion.
California-based mobile security firm Mojave Networks raised USD5 million in a funding round led by Bessemer Venture Partners, to be used for its expansion and marketing efforts.
