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TECH 09 Nov 2015 | 2:00 PM

Alibaba to take over China’s YouTube

Billionaire Jack Ma’s Chinese e-commerce giant Alibaba announced an estimated US$4.8bil (RM20.98bil) deal to take over video streaming service Youku Tudou as it seeks to spread its online empire.

Business 12 Sep 2013 | 7:59 AM

Dell launches $5.5 billion loan to back leveraged buyout

NEW YORK: Computer maker Dell Inc (DELL.O) set indicative pricing on the new $5.5 billion loan backing the company's approximately $25 billion buyout by founder and CEO Michael Dell and private equity firm Silver Lake Partners, sources told Thomson Reuters LPC.

Business 16 Dec 2010 | 12:00 AM

MRCB, IJM Land extend validity of MoU to merge

KUALA LUMPUR: Malaysian Resources Corp Bhd (MRCB) and IJM Land Bhd have extended the validity of their memorandum of understanding to merge and create the country's second-largest property company to Dec 29 from Dec 14 previously.