Following the exit of BlackBerry's CEO, the company's shares dropped to 16%. On Monday, BlackBerry Ltd had abandoned plans to sell and its CEO had stepped down.

RallyPoint was able to get USD 5 million in capital commitments from DBL Investors for its Series A round.

MediaSpike raised USD5.2 million from investors for the placement of ads in mobile and social games.

The following bids, mergers, acquisitions and disposals were reported on Monday The following bids, mergers, acquisitions and disposals were reported on Monday: BlackBerry Ltd is abandoning a plan to sell itself and instead will replace its chief executive and raise about $1 billion from institutional investors, including its largest shareholder, the smartphone maker said.

Blackberry agreed to enter into a USD billion convertible debenture sale, which would saw its top executives including cheif executive officer Thorsten Heins leaving the company

Nokia Oyj extends its existing patent agreement with the largest mobile phone maker Samsung Electronics Co.

Svelte Medical Systems had closed USD22 million from its latest funding round to be used for its new heart surgery products and research.

According to Alcatel-Lucent SA CEO Michael Combes, investor confidence has returned to the French technology manufacturing firm.

Rapid-I, a leader in predictive analytics market, would be using its recent funding to scale its business in the US.

The bid by Deutsche Wohnen AG for GSW Immobilien AG had reached 78.6% of total shareholdings. The offer made by Deutsche Wohnen AG for the purchase of residential landlord GSW Immobilien AG is considered as the largest real estate acquisition in Germany in the past five years.