Mountain View, US-based business-oriented social networking service LinkedIn already reached the 300-million mark in registered users worldwide, with half of that number coming from countries outside of its home country.
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Nike cuts off majority of wearable tech team
Orlando, US-based sports footwear, apparel, and accessories maker Nike is about to cut off 70 out of the 200 members of its Digital Sport unit in a bold move to stop manufacturing hardware and focus its wearable tech efforts on software.
Simply Diamonds acquires New York jewelry maker MA Reich
New York, US-based precision cut diamond and customized jewelry retailer Simply Diamonds acquired Buffalo, New York-based color stone and men's fine jewelry maker MA Reich & Co for an undisclosed amount .
Enterprise Holdings purchases Denver car-sharing firm OccasionalCar
Missouri, US-based holding company Enterprise Holdings, the operator of the Enterprise Rent-A-Car and National Car Rental, purchased Denver-based car-sharing services provider OccasionalCar for an undisclosed sum to widen its local network of transportation options.
Abraaj picks up stake in Moroccan chocolate maker Kool Food
Dubai, United Arab Emirates (UAE)-based firm Abraaj Group picked up a stake in Casablanca, Morocco-based chocolate manufacturer Kool Food for an undisclosed amount to back the latter's international distribution plans.
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Kansas, US-based wire rope manufacturer WireCo WorldGroup Inc acquired the assets of Gouda, Netherlands-based construction and transport materials supplier Endenburg BV for an undisclosed amount to beef up its delivery system.
Cloud storage giant Dropbox spent an undisclosed amount to add San Francisco, US-based photo and video cloud storage and smart collaborative tool Hackpad to expand its product offering and improve its auto-upload features.
While news have already spread about Google's plan to bring the Internet to more people using high-altitude balloons in its "Project Loon" initiative, the search giant has finally started testing the solar-powered balloons over Nevada.
Beverly Hills, US-based live entertainment and e-commerce firm Live Nation Entertainment picked up a minority stake in Live Nation Japan for an undisclosed amount to become the latter's full owner.
Melbourne, Australia-based animal therapeutics developer Nexvet Biopharma scored $31.5 million in a funding round from investors and shareholders to expand its product portfolio and clinical program for pets' health.
Irvine, California-based firm Newlight Technologies pocketed $9.2 million in its third funding round to create low-costs plastics from greenhouse gases in a bid to help address climate change.
Gurgaon, India-based online travel agency Yatra.com took home INR140 crore in its fifth funding round led by IDG Ventures India and Vertex Venture Holding to fund future acquisitions.
Santa Rosa, US-based healthcare informatics firm AdverseEvents secured $2 million in its Series A funding round led by London, UK-based life science research firm Evaluate Ltd to accelerate its growth.
Austin, US-based startup M87 closed $3 million in its Series A funding round led by Qualcomm Ventures, 21Vianet, and other angel investors to fund its 4G-bandwidth sharing project for mobile networks.
