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Yahoo set to reduce investment in Asian market

Internet giant Yahoo is all set to reduce its investment in the Asian market by selling its shares in Alibaba Group and SoftBank.

Exxon strikes oil deal with Russia

Exxon Mobil and Russian oil firm Rosneft and have agreed to start joint operation on the Arctic Sea shelf and in the deep waters of the Black Sea in Russia.

Skype in talks to acquire start-up GroupMe

In a move to carve a niche for itself in the burgeoning group messaging serviec market, Skype has agreed to takeover start up GroupMe.

Express Scripts to acquire Medco in $29bn deal

Express Scripts Inc. is reportedly buying rival Medco Health Solutions Inc. in a deal valued at $29 billion.

GSV Capital buys 225,000 shares in FaceBook

Woodside, California based GSV Capital has bought 225,000 shares in Facebook at an average price of $29.28 per share.

Sony , Starz dispute costs Netflix dear

The dispute between Sony and its pay TV associate, Starz, has resulted in making several movie titles unavailable on Netflix. Meanwhile it's rival, Dish Network, is trying to cash in on the situation.

Sprint urges FCC to block AT&T and T-Mobile deal

The third-largest U.S. mobile network operator, Sprint Nextel, has asked regulators to block AT&T’s proposed takeover of T-Mobile USA, alleging that the deal would thwart competition and lead to higher prices for the subscribers.

Fiat buying remaining 6% US stake in Chrysler

Fiat is all set to buy the remaining 6 percent shares of the U.S. government in Chrysler, taking its stake above 50 percent in the Auburn Hills automaker.

BP to receive $1bn from partner in blown-out well

BP announced in London Friday that one of its minority partners in the blown-out well in the Gulf of Mexico has agreed to pay $1 billion. The money is being paid as a part of the cleanup costs owed by the BP’s partner, MOEX Offshore.

Microsoft nearing Skype acquisition

Microsoft, the Redmond-based giant, is almost ready to take over Skype Technologies.

Playboy to go private again

Hugh Hefner, who launched the legendary Playboy magazine in 1953 and converted it into a public venture in 1971, is going to buy back the Playboy Enterprises. The deal has been unanimously approved by the board of directors of the media company.

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