A new tax law in the UK that will take effect at the beginning of 2015 seeks to close a loophole that exempts online music, apps, and downloads from a 20% value added tax.
Europe
AOL premium video syndication platform launches in UK
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.
Cattle-focused wearable startup Silent Herdsman secures £3M in new financing
Silent Herdsman, the startup that has developed wearable technology to determine if cattle is in heat, has bagged £3 million in new funds from an investor syndicate, TechCrunch reported.
UK social shopping startup Nuji nabs $2M in seed funding to build mobile app
London, UK-based social shopping startup Nuji nabbed $2 million in a seed funding round from TAG, Seedcamp, Samos, and other angel investors to launch an iOS app this April.
Jersey-based gold explorer Lydian pockets C$4.7M in private placement
Saint Helier, Jersey-based gold mining and minerals exploration Lydian International pocketed C$4.7 million in a private share sale to its shareholders International Finance Corporation (IFC) and the European Bank for Reconstruction and Development (ERBD) to fund its operations in Armenia.
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London, UK-based education startup Feynlabs is branching out to Miami, US to teach kids grown-up technology for programming and computer science using an accelerated learning approach.
Nokia said its $7.2 billion deal with Nokia is set to close on April and not in the first quarter of this year as was originally planned, TechCrunch reported.
Eleven startups coming from eight countries were chosen to become part of the TechStars London lineup for 2014 out of the 1,500 that applied, TechCrunch reported.
San Francisco, US-based online restaurant reservation service OpenTable will shut down Los Altos, California-based restaurant recommendation app Ness, which it acquired in February, on April 21.
Zaragoza, Spain-based paper and packaging firm Saica purchased Istanbul, Turkey-based paperboard producer OMK for an undisclosed amount to establish its position in the European market.
Winston-Salem, US-based specialty crop developer Technology Crops International (TCI) bought Hampshire, UK-based firm Premium Crops Ltd for an undisclosed amount to expand its product portfolio.
London, UK-based Video-on-Demand (Vod) service Screenburn raised $500,000 (£302,000) in an angel funding round to fuel its expansion for 2014 and to continue monetizing the presence of music and film artists on Facebook.
Mobile Q&A app Locish secured fresh funding of $820,000 for its seed financing round led by Odyssey Jeremy Partners and joined in by other investors, a statement about the funding said.
Music education college Detroit Institute of Music Education Inc received a $3 million investment from private equity firm Beringea, a statement about the funding said.
