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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.

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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.

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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]    

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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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