IPO candidate British game maker King revealed its Candy Crush Saga title has been downloaded over half a billion times and played over 150 billion times to date.
Consumer Web/Social Media
Temasek exits stake in Facebook, Monsanto and Air Products & Chemicals
Singaporean investment firm Temasek divested its holdings in US-listed companies Facebook, Monsanto and Air Products & Chemicals. The private equity firm, however, remains focused on energy, healthcare and technology stocks in the US.
What to watch in the week ahead
Investors remain inclined to take markets higher in the absence of anything that would suggest equities should fall. The market seems to have hit a stage where strong data helps and weak data affirms the Fed's intentions to keep policy accommodative, which also helps stocks.
New York regulator mulls "BitLicense" for companies using virtual money
Benjamin M. Lawsky, the State Superintendent of Financial Services for New York, said he would hold a public hearing to talk about the feasibility of licensing companies that performs transactions using digital money.
Reporter tries what private equity-free life is like- report
Reporter Becky Pritchard tried living for one week without using products or services that were supported by the private equity industry-- and was surprised at how difficult the experience was.
Latest News
Social media giant Twitter Inc announced it will introduce self-service advertisements for small- and medium-sized businesses (SMBs) in Canada, Ireland and the United Kingdom starting this week.
Judge Denny Chin of the US Circuit Court in New York ruled that the scanning can be classified as fair use since it was "highly transformative." Chin also said that the scanning was not detrimental to the marketing for the author's work.
Hedge funds including Philippe Laffont's Coatue Management and Patrick McCormack's Tiger Consumer Management both opened stakes in Pandora of about 1.1 million and 2.9 million shares, respectively, U.S Securities and Exchange Commission filings showed.
Top U.S. hedge fund managers in the third quarter zoned in on the consumer sector, with investment plays ranging from Sotheby's, a high-end auction house that caters to millionaires, to J.C. Penney Co, the struggling department store chain.
The following bids, mergers, acquisitions and disposals were reported on Thursday including Sigma Alimentos, Fastjet, Rostelecom, DNB, Caixabank, Cyfrowy Polsat, America Movil, Alitalia, Telecom Italia.
Playful jabs between heads of Gawker and Business Insider spurs potential merger, partnership rumors
Nick Denton and Henry Blodget played down rumors of a potential merger between blog collective Gawker Media and Business Insider in a media conference and discussed about a partnership using Gawker's Kinja comments platform.
Singapore-based consumer-to-consumer marketplace mobile startup Carousell snagged USD800,000 in seed funding to be used for the development of its app and expansion efforts in Southeast Asia.
Finland-based mobile social messaging startup Jongla recently raised EUR1.4 million in a funding round from Oy Ingman Finance to be used for the development of its youth-oriented messaging app.
The LivingSocial website and mobile apps went down and have not been back up since Tuesday 2:45 pm ET, but the site said this outage was not caused by a malicious attack.
