Bloomberg Tencent Holdings Ltd, Singaporean sovereign wealth fund GIC Pte and BlackRock Inc increased their stakes in Weimob Inc through a share sale that’s said to have netted $180 million. Weimob, which has a market value of about $1.2 billion, will use the proceeds to bankroll technology development, it said in an emailed statement. The six-year-old company, which went public ...

Bloomberg It once looked like Anil Agarwal could shake up the mining industry by amassing the biggest stake in Anglo American Plc. But in the end the Indian tycoon’s lack of financial firepower forced him to unwind his investment. For two years, Agarwal kept insiders and Anglo executives guessing about why the billionaire decided to take a position in the ...

Bloomberg A unit of Reliance Communications (RCom) Ltd, tycoon Anil Ambani’s distressed telecom firm, is seeking an extension from holders of its dollar-denominated bonds maturing on August 1, the company’s spokesman said. Global Cloud Xchange is in discussions with holders of its 7 percent $350 million notes for a deal that would provide the issuer more time to discuss options ...