Australian department store David Jones was acquired by South African retailer Woolworths in a deal valued USD2 billion, reported Ventures Africa.
Investors
Ensign purchases Life's Doors home health and hospice agency in Idaho
California, US-based nursing rehabilitation services provider The Ensign Group Inc purchased the hospice, home health, and agency of Life's Doors in Boise, Idaho for an undisclosed sum.
Morpol founder picks up 12.9pct stake in Norwegian biomarine firm Hofseth for NOK45M
Jerzy Malek, the founder of salmon processor Morpol, picked up a 12.9% stake in Alesund, Norway-based biomarine firm Hofseth Biocare in a private placement valued at NOK45 million.
Chilean government grants $350K to Kaitek Labs to develop red tide detector
The government of Chile gave $350,000 in funding to tech startup Kaitek Labs to develop prototype of a device that detects red tide in a bid to reduce the costs of testing for toxins.
BNP Paribas acquires South Africa's RCS
BNP Paribas has acquired RCS in a deal valued USD250 million, reported Ventures Africa. BNP Paribas’ South African arm has purchased 100 percent of RCS, reported Ventures Africa.
Latest News
Microsoft has innovated an Indian hotline for startups to give advice, available during business hours from Monday to Friday, reported Venture Beat.
Today, Samsung and SingTel Group has announced an initiative that would simplify retail experience and seamless mobile data access, reported ET.
On Friday, investment bank Investec said that Bank of Queensland would acquire its Australian unit in a deal valued USD414 million, reported WSJ.
According to a court filing yesterday, Nebula has taken in USD3.5 million worth of new debt financing from undisclosed investors, reported Venture Beat.
Startup founders have been looking highly at IPO stock market prices as a guideline towards success, said TechCrunch.
Apple Inc. refused to join Intellectual Ventures on a patent trolling operations, reported Gigaon. Apple Inc. has declined joining Intellectual Ventures (IV) for a patent trolling business.
Berlin, Germany-based digital toy maker Toywheel has launched its first app which integrates the physical world with the digital world to create an interactive playground for children.
Tel Aviv, Israel-based slideshow app Slidely bagged $7.3 million in a funding round led by Benson Oak Capital to beef up its mobile campaign and expand to the US.
San Francisco, US-based application programming interfaces (APIs) debugging and testing tool provider Runscope nabbed $6 million in its first funding round led by General Catalyst Partners to start selling its products.
