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Tag: buys stake
Tencent buys stake in Sogou search engine
2013-09-16 17:02:00| Telecompaper Headlines
(Telecompaper) Tencent announced an agreement to take a minority stake in the internet search engine Sogou. Tencent will pay USD 448 million for preference shares giving it 36.5 percent of the capital and 20.6 percent of voting rights in Sogou, the Chinese search engine owned by Sohu.com. As part of the deal Tencent's own search business, Soso will be merged with Sogou. Tencent and Sogou also agreed to cross-promote each other's products and collaborate on developing new services. Sogou Pinyin and Sogou Search will gain direct access to the user base of Tencent's online and mobile social communities, including the popular WeChat app. Sogou will use the proceeds of the sale to pay a special dividend to shareholders of USD 301 million.
Tags: search
engine
buys
stake
Africa Oilfield Logistics buys stake in Ardan Risk and Support Services
2013-08-07 01:00:00| Hydrocarbons Technology
Africa Oilfield Logistics has signed an agreement to acquire a 49% interest in Ardan Risk and Support Services, which has operations in Kenya, Ethiopia and Mauritius.
Tags: services
support
risk
africa
Ackman buys 9.8 percent stake in Air Products
2013-07-31 15:21:36| Chemicals - Topix.net
Activist investor William Ackman said his Pershing Square Capital Management has acquired a 9.8 percent stake in Air Products & Chemicals Inc , one week after the industrial gas producer adopted a poison pill takeover defense.
Tags: products
air
percent
buys
Google buys stake in Glass display maker Himax
2013-07-22 14:05:27| CNET News.com
The company will hold a 6.3 percent interest in Himax Display, a subsidiary of Himax, once the deal has closed. [Read more]
Tags: google
display
glass
maker
McGraw-Hill Ed Buys Tata Group's Stake in Joint Venture
2013-07-18 12:31:39| Steel - Topix.net
McGraw-Hill Education today announced the completion of its acquisition of the entirety of shares in Tata McGraw-Hill Education Private Limited, the company's long-existing joint venture with Tata Group.
Tags: groups
joint
venture
buys
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