US online auctioneer eBay buys French rival iBazar in a share exchange transaction worth up to $112m (£76.6m). The seller of iBazar advised by Jones Day Reavis & Pogue (Olivier Edwards) and Stibbe (Olivier du Mottay). eBay advised by Cooley Godward.
London-based telecoms company African Lakes Corporation makes placing and open offer of shares on Nairobi and London stock exchanges as it announces plans for transactions valued at £24m. African Lakes advised by Simmons & Simmons (Edward Lukins).
Guardian iT acquires the entire issued share capital of Allegro Group Nordic for £6.5m. Guardian iT advised by SJ Berwin (Jonathan Djanogly, Marcus Biggs) and Wiersholm Mellbye & Bech in Norway (Tone Ostensen). Allegro advised by Steenstrup Stordrange of Oslo (Robert Sveen).