Private equity firms, hedge funds and mutual funds are taking part in mega deals in tech startups in Silicon Valley and BlackRock is the latest to join the fray, Bloomberg News reported.
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Point Nine General Partners arrive in San Francisco
Berlin, Germany-based investor Point Nine have brought their early stage software-as-a-service portfolio firms to establish home bases in San Francisco and Silicon Valley, VentureBeat reported.
Google Glass strikes distribution partnership with Italian optical wear maker Luxottica
American Internet and tech giant Google struck a manufacture and distribution deal with Italian optical wear maker Luxottica for the future versions of its wearable Glass.
Mega Ltd to list in New Zealand through inactive shell firm
Internet entrepreneur Kim Dotcom's Mega Ltd intends to list in New Zealand by doing a reverse takeover of TRS, an inactive shell company, Reuters reported.
Obama to propose legislation to halt NSA's bulk phone data collection
US President Barack Obama is getting ready to propose a legislation that will halt the bulk phone data collection of the National Security Agency (NSA) and instead let the agency procure individual court authorizations for every phone number to be investigated.
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Shareholders of Wall Street lender Morgan Stanley are looking forward to the decision of the US Federal Reserve if it will allow it to return capital to them via share repurchases, Reuters reported.
Pennsylvania-based York Professional Baseball Club LLC added sports radio station WOYK AM 1350 from WOYK Inc for an undisclosed amount in a deal that will turn the latter in to an affiliate of the Hershey Bears Radio Network.
Horizonte Minerals Plc plans to raise $15 million to fund a final feasibility study aimed at getting investor support for its nickel project in Brazil, Bloomberg News reported.
Philippine conglomerate GT Capital Holdings Inc purchased a 79.84% holding in the Toyota Cubai Inc dealership in a deal valued at PHP311.5 million to integrate both its wholesale and retail operations
UK-based PayasUgym has obtained £1.6 million in a new round led by Albion Ventures, MMC Ventures and other angel investors, bringing to £3.5 million its funding total to date, TechCrunch reported.
Masoud Kamali and Alexander Kölpin, Founders of WestTech Ventures, have introduced Project Flying Elephant, their incubator in Berlin that will focus on deep tech startups, VentureBeat reported.
The merger of online video ad platforms Ebuzzing and Teads will create a global video ad group that will continue to provide complementary offerings to its clients, TechCrunch reported.
GIC, a sovereign wealth fund in Singapore that manages its foreign reserves, has supported UK-based Intelligent Energy Holdings with $63 million, a statement about the funding said.
In its first foray outside of North America for its premium video syndication platform, New York, US-based multinational mass media firm AOL Inc launched the AOL On Nework in the UK.
