Goldman Sachs and Credit Suisse were hired by Chinese Internet firm Sina to take care of the debut of its microblogging platform Weibo in New York, according to sources interviewed by the Financial Times.
Deals
India-based HackerEarth secures $500K in seed funding round
HackerEarth, an India-based platform that matches programmers with startups looking for technical talent, received a $500,000 from Angelprime for its seed funding round, TechCrunch reported.
Texas storage marketplace SpareFoot raises $10M in funding
Texas, US-based storage marketplace SpareFoot raised $10 million in a new funding round from Insight Venture Partners for the company's growth, product development, and expansion efforts in the storage industry.
US-based ad tech startup AdStage bags $1M in funding
San Francisco, US-based advertising technology startup AdStage bagged $1 million in funding from existing investor Digital Garage to increase its workforce and launch a new app partnership program.
Monster Worldwide gobbles up US recruiting startups Talentbin and Gozaik
New York, US-based online employment solutions provider Monster Worldwide acquired two recruiting startups, San Francisco's Talentbin and Boston's Gozaik, for an undisclosed sum for growth purposes.
Latest News
Illinois, US-based agricultural giant Archer Daniels Midland (ADM) invested $25 million in equity in Menlo Park, California-based renewable chemicals firm Rennovia as its latest venture into renewable plastics.
West Perth, Australia-based public exploration and mining firm Golden Rim Resources raised $491,000 in placement to continue developing its Balogo project in Burkina Faso, Africa while the firm is still trying to determine other funding options.
San Jose, US-based networking giant Cisco invested $6 million in the Badia Impact Fund to back tech startups in Jordan as part of a $10 million venture capital investment already committed in May 2011.
New York City, US-based music publisher Reservoir Media Management picked up the music catalogue of Ireland-based First State Media Group for an undisclosed amount to increase its list to 75,000 songs.
The merger between Silverado Power and Sustainable Power Group or sPower, an independent power producer majority owned by private investment firm Fir Tree Partners, has finally been completed, with the newly-created firm to be called sPower.
Sunnyvale, US-based mobile security solutions provider Good Technology announced its purchase of Columbia, Maryland-based enterprise mobility management software maker Boxtone for an undisclosed amount to boost security in joint products and widen its client base.
Balderton Capital led the seed investment round for London-based carwow, an online website for those who want to buy new cars. Episode 1 Ventures, Samos Investments and angel investors also joined in the round.
Southern Cross Venture Partners was the lead investor for the Series A funding round for Waltham, Massachusetts-based mobile content startup bigtincan which raised $5 million.
Singapore-based business consortium DDB Group Asia Pacific acquired Bangalore, India-based digital marketing firm 22feet for an undisclosed amount in a bid to be the leader in the development of India's digital marketing solutions industry.
