SAN FRANCISCO/NEW YORK - Yahoo Inc will buy blogging service Tumblr for $1.1 billion cash, giving the Internet pioneer a much-needed social media platform to reach a younger generation of users and breathe new life into its ailing brand. | Video
LONDON - From ketchup to hot drinks, family-run investment firms are shaking up the consumer deals market, squeezing out private equity players and forcing them to change strategy.
BEIJING/HONG KONG - China reiterated its opposition on Thursday to a European Union plan to limit airline carbon dioxide emissions and called for talks to resolve the issue a day after its major airlines refused to pay any carbon costs under the new law.
Apax Partners, JMI Equity to buy software co Paradigm for $1 billion
(Reuters) - Private equity funds Apax Partners and JMI Equity agreed to buy Paradigm Ltd, a software vendor focused on oil and gas exploration, for about $1 billion in cash.
Paradigm, which has over 700 customers, helps engineers to make drilling and production decisions by analyzing seismic data.
(Reporting by Supantha Mukherjee in Bangalore)
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