An unnamed source told Reuters that drugmaker Adcock Ingram's largest shareholder Public Investment Corporation will not be putting up its 19% ownership stake for sale as the offer extended by potential buyer Bidvest undervalued its holding.
Deals
Box confirms $100M funding for expansion beyond US
US-based cloud storage firm Box confirmed it closed USD100 million in fresh capital to catalyze its global expansion as it sealed commercial transactions with Japanese firms.
US chat app Snapchat raising another $55M with $2B valuation
US-based messaging app Snapchat is raising another USD55 million just six month after it raised USD60 million in its Series B round, pushing the app's valuation to around USD2 billion.
Mozido Inc gets $30M in financing round led by unnamed investment advisor
An unnamed Boston-based investment advisor led the USD 30 million financing round for Mozido Inc. The Texas-based mobile payment, shopping and marketing solutions provider also named Ric Duques as Chairman of the Board.
British tech entrepreneur Mike Lynch backs augmented reality start-up Taggar
Mike Lynch, who sold software firm Autonomy to Hewlett-Packard for $11 billion, is backing a start-up focused on augmented reality - the ability to overlay information on a real-world background which some see as the next big digital craze.
Latest News
Cleaning services provider Homejoy said that it had raised USD38 million in new capital from its Series A and Series B funding rounds, which saw the participation of Google Ventures, Redpoint Ventures, Max Levchin, First Round Capital, Oliver Jung, and Mike Hirshland.
A report on TechCrunch noted that social travel apps like Jetpac had started to develop its products away from Facebook, as the popularity of the social network might have run its course.
ClearDATA Networks, Inc, a cloud computing platform and service provider focused on the healthcare industry, received USD14 million in new funding from Merck Global Health Innovation Fund, Excel Venture Management, Norwest Venture Partners and other institutional investors.
To jumpstart the use of its payment processing system, Dwolla has partnered with online service marketplace Fiverr and also offers special promotions to US-based customers.
Six year-old startup Glassdoor raised USD50 million in a recent funding round, which saw the participation of Tiger Global Management, Battery Ventures, Benchmark Capital, DAG Ventures and Sutter Hill Ventures.
Trifacta, a San Francisco-based startup focused on making platforms for data analysis, raised USD12 million in new funding in an investment round led by Greylock Partners and Accel Partners.
Venture capital firm Northzone had set up its biggest fund yet at EUR200 million or USD272 million. The fund will be geared towards making investments in startups within the Nordic region and businesses who had partnered with a Nordic-influenced startup.
Deutsche Telekom's statement revealed that it has a strategic partnership with Twitter Inc to boost the former's opportunities in innovative marketing, advertising and customer service.
Months after receiving a USD1 million in seed investment, Israeli startup Carambola Media raised USD4 million in a Pitango Venture Capital-led Series A funding round.
