Reuters News

Levy Acquisition to buy fast-food chain Del Taco for $500 mln-Reuters

Levy Acquisition Corp, the blank-check acquisition vehicle of Chicago restaurateur Larry Levy, said it would buy U.S. fast-food chain Del Taco Inc for about $500 million, including debt, Reuters reported.

Calpers expects to pay 8 pct less in fees next year - Bloomberg

The California Public Employees' Retirement System expects to pay 8 percent less to investment firms next year, Bloomberg reported on Wednesday.

Summit Materials IPO priced at $18/share -- Reuters

Cement maker Summit Materials Inc's initial public offering was priced at $18 per share, according to a market source, valuing the Blackstone Group-controlled, company at $1.67 billion, Reuters News reported.

Alibaba ploughs $200 mln into Snapchat in latest startup deal -- Reuters

Alibaba Group Holding Ltd is investing $200 million in photo-messaging app Snapchat, a source familiar with the deal said, striking its latest Silicon Valley deal as the Chinese ecommerce company builds up mobile services, Reuters News reported.

Kleiner Perkins questions whether ex-partner Pao raised HR concerns--Reuters

Lynne Hermle, an attorney for Kleiner Perkins, continued her cross examination of Ellen Pao, who is suing the firm for gender discrimination and retaliation

PayPal sets up Israeli security center, buys CyActive -- Reuters

Online payments company PayPal, a unit of eBay, is establishing a cyber security center in Israel and has bought local start-up CyActive to help launch the development, Reuters News reported.

Univision hires underwriters for IPO - Reuters

U.S. Spanish-language broadcaster Univision Communications Inc has hired Goldman Sachs Group Inc, Morgan Stanley and Deutsche Bank AG to lead an initial public offering (IPO), sources told Reuters News.

Google in initial talks to buy Indian startup InMobi -- Reuters

Google Inc is in early talks to buy Bangalore-based start-up InMobi, in a move that would strengthen its offering in the increasingly competitive mobile advertising space, a source told Reuters News.

Alibaba in funding talks with India's Snapdeal -- Reuters

Alibaba is in talks with Indian online marketplace Snapdeal over a potential cash investment, a source familiar with the negotiations said, in what would be the Chinese e-commerce giant's first direct investment in India, Reuters News reported.

Kleiner Perkins ex-partner Pao says suing was her only remaining option--Reuters

Ellen Pao testified on Tuesday in her gender discrimination case against Kleiner Perkins that she filed suit after the firm failed to respond to numerous complaints.