Men's shorts manufacturer and retailer Chubbies has received USD4 million investment, reported TechCrunch.
Investors
German newspaper reports Steinhoff to go public with European listing
A German newspaper reported that furniture and household appliances magnate Steinhoff would debut on Frankfurt, Germany through an IPO later this year.
Vevo and Yaho expanding partnership ties
Vevo and Yahoo are expanding their partnership through a deal allowing Yahoo Screen to show viewers Vevo programs, reported TechCrunch.
Lifesum receives investment from Bauer Media Group and SparkLabs Global Ventures
Startup Lifesum has taken in investment from Bauer Media Group and SparkLabs Global Ventures valued USD6.7 million, reported Bloomberg.
Glencore Xstrata sells Peru copper mine to consortium led by China MinMetals
Glencore Xstrata sold its Peru copper mine to consortium led by China MinMetals in an all cash deal valued USD5.8 billion, reported Ventures Africa.
Latest News
Growthpoint Properties Ltd. has agreed to acquire stake in two real estate firms in South Africa following a share-swap deal, reported Bloomberg.
Airbnb’s Storefront has received additional USD7.3 million funding led by Spark Capital, reported TechCrunch.
South African company Times Media Group has acquired a majority stake in Radio Africa Limited valued USD18.62 million, reported Ventures Africa.
Daiichi Sankyo said in a statement that the merger deal between Ranbaxy and Sun Pharma would possibly close by the end of 2014, reported ET.
Johannesburg, South Africa-based media firm Times Media Group (TMG) picked up a 49% stake in Nairobi, Kenya-based broadcasting company Radio Africa Ltd in a deal valued at $18.62 million ZAR1.58 billion.
Amsterdam, Netherlands-based business services provider TMF Group acquired Jakarta, Indonesia-based payroll and HR administration services provider PT Tass Axia Solusi for an undisclosed amount to expand its client base.
Unitus Seed Fund backed Mumbai, India-based dental clinic chain Smile Merchants with an undisclosed investment to develop the latter's hub-and-spoke system and fund its national expansion.
Paris, France-based digital publishing firm Webedia added Lebanon-based digital media firm Diwanee for an undisclosed amount to help the latter reach out to women in the Middle East.
Wilmington, US-based network performance management company SevOne Inc bought Minneapolis, Minnesota-based data analytics firm RapidEngines for an undisclosed amount as part of its service enhancement efforts.
