Melbourne, Australia-based web hosting provider Melbourne IT added Sydney-based web domain registry and web hosting firm NetRegistry in a deal valued at $50.4 million to combine two of the biggest web service businesses in the country.
Deals
Sony said to divest former Tokyo headquarters
Citing a source, The Wall Street Journal blog Digits reported that embattled Japanese technology giant Sony has plans of selling its former headquarters in Tokyo, Japan.
Private equity firm The Riverside Company acquires Italy-based food firm Optima
Global private equity firm The Riverside Company has acquired Optima and related company Mec3 which makes ingredients for gelato, pastries and others, for an undisclosed amount.
Biglari buys New York-based men's magazine MAXIM
San Antonio, Texas-based diversified holding firm Biglari Holdings Inc, through a wholly-owned subsidiary, bought New York, US-based men's magazine brand MAXIM for an undisclosed sum.
Little Borrowed Dress secures $1.25M in seed funding round
Little Borrowed Dress, a startup that rents out bridesmaid dresses online, has raised $1.25 million for its seed financing round participated in by a number of investors, TechCrunch reported.
Latest News
Dublin, Ireland-based public investment holding company TVC Holdings offloaded 7.6 million shares in Northern Ireland-based media broadcaster UTV in a deal valued at €22.1 million, reducing its stake from 18% to 10.05%.
Unterfoehring, Germany-based production and distribution firm Red Arrow Entertainment Group picked up a majority stake in Bethesda, US-based entertainment firm Half Yard Productions in a deal estimated to be valued at more than $40 million.
Permira will be buying the regional businesses of private client investment manager Tilney in Birmingham, Edinburgh, Glasgow and Liverpool from Deutsche Bank, a statement about the funding said.
Menlo Park, US-based venture capital firm Lightspeed Venture Partners invested an undisclosed amount in San Jose Spiders, a professional Frisbee league owned by Cisco Systems Inc president Rob Lloyd.
Robert Friedland's High Power Exploration has invested in Australian copper prospector Apollo Minerals, highlighting the progress it is making into the country's small cap resources sector, Reuters reported.
BEST Funds provided a $1.5 million investment in XipLink to be used for the latter's sales and marketing efforts and support its continued efforts in coming up with inventive technological developments.
Waterloo, Canada-based software giant OpenText invested $1 million to open a data center in Sydney, Australia, to help companies deal with problems centered on enterprise data.
Waterloo, Australia-based mobile payment startup Beat the Q bagged $1 million in funding from high-net worth individuals to partially fund its planned acquisition of Sydney-based loyalty app eCoffeeCard.
Burbank, US-based movie company Warner Bros is mulling over a $10 million to $15 million investment in YouTube game-focused web video site Machinima, according to a report by the Wall Street Journal (WSJ).
