Yahoo! revealed that it had now acquired Lexity, a venture firm started by its former employee. Yahoo! announced that it purchased the e-commerce app platform, Lexity.
Corporations
Fab receives US$10 million from SingTel Innov8
Fab announced that they have received US$10 million from SingTel Innov8. Jason Goldberg, chief executive officer of Fab, announced that his company had raised US$10 million in venture capital funding.
KKR signs Eagle Ford Shale partnership with EXCO Resources
KKR stated that it had entered an Eagle Ford Shale drilling partnership with EXCO Resources. Kohlberg Kravis Roberts, or better known as KKR, announced today that it had signed with EXCO Resources an Eagle Ford shale drilling partnership.
Sony set to reject Loeb offer
Sony Corp said that they are set to billionaire Danny Loeb's proposal to sell part of the company's unit through an initial public offering.
Rock Hill Capital raises US$87.7 million
Rock Hill Capital announced that it had raised US$87.7 million for its second fund. Rock Hill Capital Group, LLC announced the conclusion of its latest fund, Rock Hill Capital II, LP.
Latest News
Sharp Corp announced that they are looking into ways to raise funding needed for capital investments.
Vishwaprasad Alva revealed that Skanray Technologies is to put up INR70 crore for its expansion projects.
Ardmore Shipping Corporation announced pricing its IPO valued at USD14 per share piece and is listed on the New York Stock Exchange under the trading symbol ASC.
China Rongsheng said that they will issue convertible bonds to Action Phoenix Ltd to raise needed capital.
MPH Ventures Corp. announced that they have acquired the North Albany Graphite Property which is adjacent to the resource-rich Albany graphite deposit discovery.
Deepwater Wind LLC said that they won in the first auction to build wind-energy project in Massachusetts federal waters.
Sources said that the Warburg Pincus-owned Rural/Metro is considering a possible bankruptcy filing. Sources close to Rural/Metro, the country's biggest private ambulance service operating in rural communities, said that the company is considering a possible bankruptcy filing.
Liberty Property Trust announced that they have an entered an agreement to purchase the operating partnership of Cabot Industrial Value Fund III LP.
Elders Limited announced that it is selling Futuris Automotive to Clearlake Capital Group for US$69 million.
