San Francisco, US-based photo sharing service Imgur closed $40 million in its Series A funding round led by Andreessen Horowitz and Reddit to facilitate its workforce and marketing expansion.
Corporations
New York's Xcel Brands adds jewelry retailer Judith Ripka in $22.5M deal
New York, US-based luxury jewelry seller Xcel Brands Inc added jewelry retailer Judith Ripka in a deal valued at $22.5 million in combined cash, interest-free promissory notes and common stock.
Oklahoma-based anti-abortion firm Hobby Lobby stirs controversy by backing contraception makers
Oklahoma, US-based anti-abortion craft store chain Hobby Lobby stirred controversy by investing $73 million in Pfizer, Bayer, and other companies that make abortive drugs and contraception.
7 Singaporean firms seek investment opportunities in the Philippines
Singaporean President Tony Tan Keng Yam said his country is conducting trade missions to its neighboring country, the Philippines, where seven companies are interested in investing in the infrastructure, transport, consumer services, and logistics sectors.
Illinois firm Professional Service Industries adds Midwest Engineering
Illinois, US-based testing and consulting firm Professional Service Industries Inc added Midwest Engineering Services Inc for an undisclosed amount to become the biggest testing firm in Wisconsin.
Latest News
Ontario, Canada-based non-profit research organiztion Centre for Research and Innovation in the Bio-Economy (CRIBE) invested C$1.5 million to increase the annual capacity of renewable liquid fuels producer Ensyn Technologies from 3 million liters to 13 million liters.
PricewaterhouseCoopers has announced its acquisition of Booz & Company without disclosing financial terms of the deal, reported Ventures Africa.
Billionaire and shopping mall mogul Henry Sy would expand his foothold in China with new shopping malls in Yangzhou and Changzhou, reported Bloomberg.
Germany's E.ON hired Citi to advise a sale of its assets in Spain, said sources familiar with the matter who told Reuters.
Brookstone Inc. filed with US regulators in Delaware Chapter 11 bankruptcy protection to be able to push through a deal with Spencer Spirit Holdings Inc.
The sugar industry of Nigeria would be expecting a lot of hefty investments from key players in the market following the increase of demand for sugar, reported Ventures Africa.
German airline company Lufthansa has been looking at interested parties to acquire a part of its IT business, according to a report from Reuters.
Beijing-based Cheetah Mobile Inc. filed an initial public offering with US regulators and appointed JP Mogran, Credit Suisse, Macquarie Capital and Morgan Stanley to be the underwriters for the deal.
Family Mart Co Ltd has planned to leave the South Korean market through an initial public offering, said a report from Reuters.
