IBM Buys Green Hat, Meredith Pulls Assets from Disney

Apollo Global , India's Reliance and P-E firm might buy El Paso's oil and gas exploration and production unit, reports Bloomberg. Kinder Morgan is looking to sell the business, to help finance its $21 billion acquisition of El Paso, whose value is estimated at around $8.1 billion.

IBM snatches privately held Green Hat. Shares are down premarket, however for an undisclosed amount as it makes another strategic buy in the cloud computing space.

Entropic raised its fourth quarter guidance for revenues per share to $0.11 and for revenue to $56 million, which was above Street forecasts in both cases. The company as well says it will place a bid of $55 million for assets of Trident Microsystems' set-top box chips business.