Some industry observers see the rise in Bitcoin value as a bloated valuation. In an article on TechCrunch, digital currency Bitcoin was reportedly on a comeback after a series of market value setbacks.
Investors
Siemens to buy back EUR4 billion of own shares
Siemens AG said that it had set aside EUR4 billion or USD5.4 billion for its stock buyback program. In its statement, Europe's largest engineering company Siemens AG revealed plans to launch a EUR4 billion or USD5.
Phi Optics closes seed funding round
Imaging startup Phi Optics Inc secured USD250,000 in seed funding from venture capital funds. Imaging solutions developer Phi Optics Inc raised USD250,000 in seed funding through a funding round led by Champaign's Serra Ventures.
Sprig raises USD1.2 million in seed funding for healthy meal busines
Sprig recently closed its USD1.2 million seed funding round for the launching of its unique food delivery business.
Autodesk plans to buy Delcam for GBP172.5 million
Autodesk Inc. revealed its intention to acquire UK-based software giant Delcam for GBP172.5 million.
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Petronas Chemicals Group Bhd would be selling a 93.1% ownership stake in Phu My Plastics and Chemical Company Ltd (PMPC) to Asahi Glass Co Ltd and Mitsubishi Corporation.
State-owned Tsinghua Unigroup Ltd offered to buy RDA Microelectronics Inc for USD 18 per share. RDA Microelectronics Inc said it received its second buyout offer after more than a month.
Power transmission product maker inked a definitive deal to acquire Danish energy company Svendborg for EUR80.1 million.
Toll Brothers Inc would be buying the home building business of privately-owned company Shapell Industries Inc for USD 1.60 billion.
Artists' social community DeviantART raised a new round of funding amounting to USD10 million from Autodesk.
All retail locations of video rental chain Blockbuster would be closed by January 2014, owner Dish Network said.
Some investors expressed discontent at the investment plans of giant phone maker Samsung Electronics.
Vietnam is now in the process of allowing foreigners greater participation in local industry and cut back on government participation.
According to Moody's Investors Service, buyout firms would be targeting European retailers to take advantage of low funding costs.
