The mergers and acquisitions activity for companies supported by venture capital has continued to decline even with the sizable acquisition of Nest Labs by Google, The WSJ's Digits reports.
Investors
Japan's Toshiba Corp to acquire 60pct of NuGen
Toshiba Corp, an engineering firm based in Japan, announced that it would be acquiring a 60% stake in NuGeneration Ltd, the nuclear joint venture of GFD Suez and Iberdrola, Bloomberg reported.
Charter slams Time Warner execs over "failed" operating plan
While pushing for an acquisition deal, Charter Communications slammed the executives of New York, US-based cable operator Time Warner Cable for a "failed" operating plan resulting in low customer satisfaction ranking.
US-based health consultation app First Opinion raises $1.2M in funding
US-based mobile health consultation app First Opinion raised $1.2M in funding from Greylock, Yuri Milner, Felicis Ventures, and 500 Startups to expland its consultants and workforce.
UAE sovereign wealth fund to invest with Singapore's GIC in Time Warner headquarters- source
The Abu Dhabi Investment Authority, the third largest investment sovereign wealth fund in the world, will be investing in the Time Warner Center together with Singapore's state fund GIC Ptd, according to a source interviewed by Bloomberg.
Latest News
New York, US-based firm Forbes Media attracted the attention of six different bidders including Germany-based multimedia company Axel Springer.
Beijing-based 58.com Inc, a classifieds website operator that provides services similar to Craigslist, intends to acquire Chinese Internet companies to enhance its local information services, Bloomberg reported.
Australia-based real estate manager GPT Group will not increase its takeover bid for Commonwealth Property Office Fund (CPA), making way for Dexus Property and the Canada Pension Plan Investment Board (CPPIB) to make competing offers.
Verisk Analytics Inc, a New Jersey-based company that gives risk information to lenders and insurers, has inked an agreement to purchase aerial imagery and data analytics provider EagleView Technology Corp for $650 million.
Texas, US-based oil and gas exploration and production services provider IronGate Energy Services acquired North Dakota-based firm Green Light Energy Services for an undisclosed amount.
Visual content marketplace Visually said it closed its Series A funding round with $8.1 million. The round was led by Crosslink Ventures and joined in by other investors.
New York, US-based institutional investor ff Venture Capital (ffVC) closed a total of $52 million for two funds, ff Rose and ff Rose Innovate, with the latter to focus on investments in New York.
SuVolta Inc, a semiconductor company based in Silicon Valley, has nabbed funding amounting to $10.6 million from Fujitsu Semiconductor Limited, Kleiner Perkins Caufield & Byers, August Capital, New Enterprise Associates, Northgate Capital and DAG Ventures.
Russia-based holding company AFK Sistema is considering buying a stake in Latvia-based telecommunications operator Lattelecom SIA to facilitate its expansion outside of Russia, but no decision has been made yet.
