Naguib Sawiris has been looking at a potential investment in Telecom Italia, his latest attempt after failing to get hold of stake two years ago, reported Ventures Africa.
Investors
Horizon Technology Finance Announces Successful Exit of Xtreme Power Investment
FARMINGTON, CT--(Marketwired - Apr 14, 2014) - Horizon Technology Finance Corporation (NASDAQ: HRZN) ("Horizon"), a leading specialty finance company that provides secured loans to venture capital and private equity backed development-stage companies in the technology, life science, healthcare information and services, and cleantech industries, announced today that, in connection with the United States Bankruptcy Court-approved sale of substantially all of the assets of Xtreme Power, Inc. ("Xtreme"), Horizon has successfully exited its investment in Xtreme.
Startup financial firm Betterment receives USD32 million funding round
Financial services startup Betterment has received USD32 million funding round from new and previous investors, reported TechCrunch.
Twitter acquires social data provider Gnip
Twitter has acquired social data provider Gnip, enabling the microblogging site to sell its bulk data without engaging services from a middle man, reported TechCrunch.
Sources: Kenya's Britam to acquire 30 percent stake in Continetal Re Kenya Ltd
Kenya's Britam would acquire 30 percent stake in Continetal Re Kenya Ltd in a deal valued USD3.5 million, reported Ventures Africa.
Latest News
Zebra Technologies Corporation and Motorola Solutions has signed a deal for a merger agreement valued USD3.45 billion, reported ET.
Comcast Corp and Time Warner Cable's merger was backed by Washington Post in an editorial posted Tuesday, reported Reuters.
Brooklyn, US-based men's shoe retailer GreatsBrand scored $1.5 million in a seed funding round led by Resolute Ventures to restock its inventory of affordable shoes and continue building its brand.
Boston, US-based food ordering platform ezCater scooped up $4 million in a funding round from several investors and high-net worth individuals to beef up its online list of food caterers around the country.
Beaverton, US-based marketing automation software vendor Act-On landed $42 million in its fifth funding round led by Technology Crossover Ventures (TCV) to fuel its growth.
US-based search giant Google agreed to acquire Moriarty, New Mexico-based solar-powered drone maker Titan Aerospace for an undisclosed amount for Project Loon, an initiative that aims to bring the Internet to currently offline places of the world.
San Carlos, US-based healthy snack startup NatureBox raised $18 million in a Series B funding round led by Canaan Partners to expand the snack choices it delivers to its consumers.
Osaka, Japan-based video game developer and publisher Capcom Co Ltd poured $78 million into the construction of two new research and development (R&D) facilities near its headquarters in a bid to gain more traction in the industry.
Mumbai, India-based decorative and industrial paint manufacturer Asian Paints (International) Ltd picked up a 51% stake in Ethiopia-based paint maker Kadisco Chemical Industry PLC for an undisclosed amount.
