Media and digital marketing firm Dentsu Aegis Network added China-based social creative firm Verawom for an undisclosed sum, in a deal that will integrate the latter into the Isobar China group.
Europe
Intel Capital backs two 3D printing companies
Intel Capital has forayed into the fast-growing world of 3D printing by making an investment in two 3D printing companies, Lithuania-based CGT Trader and US-based makexyz.
UK-based SalesGossip closes second angel round with £600K
SalesGossip, a UK-based site that provides members with exclusive access to fashion and beauty retailers' sales and promos, closed its second angel round with £600,000, TechCrunch reported.
David Beckham seeks funding for MLS franchise in Miami
Former LA Galaxy soccer star David Beckham reportedly sought help from Qatar Sports Investment (QSI) in funding his new Major League Soccer (MLS) franchise to be established in Miami, Florida.
South Africa-based AECI Ltd acquires Clariant's water treatment unit for $36.7M
AECI Ltd, the South African explosives and chemicals manufacturer, will be buying the the African water treatment business of Clariant for a price tag of $36.7 million, Bloomberg reported.
Latest News
New York, US-based investment management firm Blackrock raised its stake in UK-based Internet media firm Blinkx to 13% amid allegations that the latter was using adware to boost its revenues.
Kantox, a peer-to-peer currency exchange platform, has obtained €6.5 million from Partech Ventures and Idinvest Partners to help improve its presence in Europe and develop its technology, the website growthbusiness.co.uk reported.
Soon-to-be Microsoft-owned mobile phone maker Nokia will reportedly launch its first Android phone code named Normandy, which could be powered by Microsoft and Nokia, on February 24 in Barcelona, Spain.
Creathor Ventures and Northcap-backed mobile e-commerce platform Shopgate has purchased Magento developer MagCorp for an undisclosed amount. As part of the deal, MagCorp's developers will be joining the Shopgate team, TechCrunch reported.
Debu Purkayastha, a senior international executive who has worked with Google for six years, will be leaving the search giant to join the team at venture capital firm Octopus Investments, Tech Crunch reported.
Paris, France-based hospitality major Accor is aiming to exit its 40% stake in Mumbai, India-based Sofitel hotel in Bandra-Kurla Complex (BKC) and fold the Sofitel brand into itself, according to sources.
SportPursuit, a flash sales site based in the UK, nabbed £5M from its Series B financing round led by London-based venture capital firm DFJ Esprit and participated in by Silicon Valley Bank and angel investors, TechCrunch reported.
Political and financial upheaval in some of the world's largest emerging economies is driving a new wave of rich migrants to London's supercharged property market as a place to park their wealth, data from a leading real estate agency showed on Friday.
Nestle, the world's biggest food company, is looking at ways to reduce its $30 billion stake in cosmetics firm L'Oreal, Bloomberg reported on Saturday, citing sources with knowledge of the matter.
