- Yahoo Inc said it is acquiring blogging service Tumblr for $1.1 billion cash, a bold bet by Chief Executive Marissa Mayer to revitalize the struggling Internet pioneer by co-opting a Web property with strong visitor traffic but little revenue.
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.
Waste Connections to buy R360 Environmental Solutions for $1.3 billion
(Reuters) - Waste Connections Inc said it would acquire R360 Environmental Solutions Inc, a provider of non-hazardous oilfield waste treatment for about $1.3 billion in cash.
Waste Connections, that provides solid waste collection, transfer, disposal and recycling services, expects the deal to be accretive to free cash flow margins.
(Reporting by Kartick Jagtap in Bangalore; Editing by Akshay Lodaya)
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