Bellevue, US-based Internet business operator Blucora acquired Atlanta, Georgia-based explainer site HowStuffWorks in a deal valued at $45 million in cash from Discovery Communications, which had bought the site in 2007 for $250 million.
Investors
American charity crowdfunding site CrowdRise bags $23M to fund expansion
Detroit, US-based charity fundraising platform CrowdRise bagged $23 million in a funding round with Union Square Ventures as the lead investor to back its growth campaigns and platform expansion initiatives.
US biopharma firm ProNAi lands $60M in Series D funding to fight lymphoma
Michigan, US-based biopharmaceutical firm ProNAi Therapeutics landed $60 million in its Series D funding round led by Vivo Capital to advance its cancer treatment drugs to the second phase of clinical trials.
Atlanta security software firm Damballa pockets $13M in funding for growth
Atlanta, US-based security software provider Damballa pocketed $13 million in venture funding from its existing investors to beef up its sales force and support its growth campaign in North America.
Rosneft to sell more than 2 mln metric ton of crude oil to BP
Russia's top oil producer has been planning to sell more than 2 million metric ton of crude oil to state-controlled BP in a deal valued more than $1.15 billion and was approved by the company's board.
Latest News
Seven Energy International Limited has received $225 million equity capital from investors including Singapore's Temasek, IFC and the IFC ALAC Fund to be used for corporate affairs and boosting dometic energy markets in Nigeria.
Microsoft's deal to acquire Nokia valued $7.2 billion have been set to close on Friday which is also in time for the company's target saying that the deal was expected to close during the first quarter of 2014.
Avaz AAC has received USD500000 funding round led by Inventus Capital and other investors including Mumbai Angels, Raju Reddy of Sierra Atlantic and Google India MD's Rajan Anandan for the development of an app directed for those who have autism.
Beauty box sampler, Birchbox, has received USD60 million in Series C funding round led by Viking Global Investors and other financiers including Accel Partners, Consigliere Brand Capital, Aspect Partners and First Round Capital.
Oil and gas producer Seplat, the first publicly listed oil and gas firm in the Nigerian bourse, said that it would end its gas flaring activities in the country by September and expects that the practice would be halted in the country by 2020.
CFAO Auto Group has been looking at the potential car market in Nigeria following other multinational companies including Toyota, Nissan and Kia's entrance to the country through local partnership with distributors for car assembly and production.
AdRoll has taken in USD70 million Series C funding round led by Foundation Capital and other new and existing investors including Institutional Venture Partners, Glenmede, Northgate Capital, Performance Equity, Peter Thiel, Merus Capital and Accel Partners.
US-listed fund manager Carlyle has invested USD698 million to the sub-Saharan Africa region aiming to focus in the consumer, transport, ICT and financial sectors and adding to J&J Africa, its current investment in the country.
Midrand, South Africa-based innovative business solutions integrator Business Connexion (BCX) is eyeing additional acquisitions in Ghana and investment opportunities in the Kenya and Nigeria to widen its presence in the said markets.
