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Blackstone Withdraws From Dell Bidding

The Blackstone group has withdrawn from the Dell bidding war. In a letter to the Dell special committee, the investment group says that  ‘significant adverse issues’ since the proposal was submitted on March 22nd have led them to reconsider their decision.

The issues include a 14 per cent market decline in PC volume in the first quarter of 2013, its steepest drop in history, and the eroding financial profile of Dell, as operating income projections for the current year was revised to $3.0 billion from $3.7 billion.     

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TransUnion to acquire Neustar for $3.1B

TransUnion has signed a definitive agreement to acquire Neustar from a private investment group led by Golden Gate Capital and with minority participation by GIC.

Huvr raises $5M

Huvr, a cloud-based industrial asset management solution company, has raised $5 million.

American Express acquires fintech company Kabbage

American Express has entered into an agreement to acquire Kabbage, a financial technology company that provides cash flow management solutions to small businesses.

AP to equip visual journalists globally with Sony imaging products

Sony and The Associated Press (AP) have inked a collaboration that will make Sony the exclusive imaging products and support provider for AP news photographers and video journalists globally.

Equifax acquires Ansonia

Equifax has acquired Ansonia, a provider of business credit, collections, and account receivable data used by financial institutions, creditors, and businesses focused on the transportation and logistics industries.