New York-based media and Internet company IAC/Interactive Corp has offered to buy Israel-based Perion Network, an Israeli financial news website said on Wednesday.

Japan's Pioneer Corp is to sell its disc-jockeying audio equipment unit to private equity firm KKR & Co LP for around 59 billion yen ($550 million), it said on Tuesday, as it outlined a growth strategy centred on its automotive electronics business.

Sovereign fund Investment Corp of Dubai (ICD) has bought a 1.4 percent stake in Dangote Cement, Nigeria's biggest company by market capitalisation, for $300 million, a Dangote spokesman said on Monday.