Mergers & Acquisitions
Facebook to purchase New Mexico-based drone maker Titan Aerospace
Social media giant Facebook is reportedly in talks to purchase New Mexico, US-based drone maker Titan Aerospace for $60 million to reach the corners of the world with no Internet access.
Boston-based Flashnotes purchases smaller rival Moolaguides
Moolaguides has been acquired by Flashnotes for an undisclosed amount. The purchase comes just a month after Boston-based Flashnotes secured $3.6 million for its Series A round, TechCrunch reported.
Intel said to have acquired wristwatch maker Basis
Sources told tech news website TechCrunch that Basis Health Tracker Watch maker Basis Science has been bought by Intel for anywhere from $100 million to $150 million.
Quebec approves $10M equity investment in Orbite Aluminae
The government of Quebec approved a $10-million equity investment in Montreal, Canada-based alumina producer Orbite Alumniae Inc, with the funds coming from the government's financing arm Investissement Quebec.