M&A
PayPal to buy digital money transfer provider Xoom Corp for $890 mn
02 Jul 2015
Ahead of its July spin off from parent eBay, PayPal Inc today struck a deal to buy digital money transfer service provider Xoom Corp to expand into China, India, Mexico, the Philippines and Brazil
US government moves to block GE’s appliance business merger with Electrolux
02 Jul 2015
The proposed acquisition of GE's appliance's business would have seen Electrolux's sales more than double in the US market from around $2.6 billion to $4 billion
S Africa sells Vodacom stake for $2 bn to raise cash for power utility
02 Jul 2015
The S African government has sold its entire stake in mobile phone operator Vodacom Group Ltd to raise funds needed to bail out struggling power utility Eskom Holdings SOC Ltd
GE to sell European private equity financing unit to Sumitomo Mitsui Bank for $2.2 bn
01 Jul 2015
The move comes just two days after GE agreed to sell its vehicle-fleet businesses in the US, Mexico, Australia and New Zealand to Canada's Element Financial for $6.98 billion
Canadian mining giant Potash Corp to buy German rival K+S AG for nearly €8 bn
30 Jun 2015
PotashCorp, the world's largest potash producer and the third-largest producer of nitrogen and phosphate, is keen to combine with K+S, Europe's largest supplier of potash and the world's largest salt producer
General Capital to sell most of fleet management ops to Canada's Element Financial for $6.98 bn
29 Jun 2015
Novartis to buy chronic pain drug developer Spinifex Pharmaceuticals
29 Jun 2015
Founded in 2005 and based in Stamford, Connecticut, USA, and Melbourne, Australia, Spinifex’ lead product is EMA401, under development as a potential first-in-class oral treatment for chronic pain without CNS side effects
Rio Tinto exits Zimbabwe selling off diamond and coal assets
29 Jun 2015
Anglo-Australian mining giant Rio Tinto Plc has sold its entire stake in Zimbabwe diamond and coal mines to local mining groups, to focus on its core diamond operations elsewhere
EBay-PayPal to break up in July
27 Jun 2015
US online giant EBay's board has approved the planned spinoff of its PayPal payments unit, which would trade as an independent company from 20 July
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