Outgoing chief executive officer of General Motors Co Dan Akerson has said that US taxpayers actually netted a gain despite the US government losing $10.5 billion stemming from a bailout package it extended to the carmaker in 2009, according to an Associated Press report.
North America
Legg Mason Inc's Bill Miller to run mutual fund under family name
Citing a December 13 filing with the US Securities and Exchange Commission, Bloomberg reported that Legg Mason Inc's Bill Miller will be starting a mutual fund under his own name together with his son.
TV startup Viggle picks up Seattle's Wetpaint for $30M
New York-based startup Viggle announced its purchase of entertainment news website and social platform Wetpaint for $30 million in a bid to bulk up its social TV business.
Invincea scores $16M for Series C round
Cyber security solutions provider Invincea Inc said it was able to close its Series C round with $16 million. The equity round was led by new investors Aeris Capital and Dell Ventures.
Atlas Holdings secures $900M for second private equity fund
Greenwich, Connecticut-based Atlas Holdings raised $900 million for the first and final close of its second private equity fund known as Atlas Capital Resources II.
Latest News
Comcast Corporation and Khan Academy, a free online education portal, jointly announced its newest venture to promote free education of digital skills in low income families to increase adoption of broadband services.
Deck, a cloud-based presentation app based in Bangalore, India, announced that it has raised $600,000 in a seed funding round led by Hotmail co-founder Sabeer Bhatia.
Entitle announced today its launch of its ebook subscription service with a subscription pricing model based on Netflix's business and its successful $5.3 million Series A funding round this year.
Google Ventures released its year-end data and, and TechCrunch noted that it has done tremendously, quieting critics who had said that the investment arm of Google Inc had not secured any major deals like with Twitter and Pinterest.
In its latest assessment for the infrastructure in the US, the American Society of Civil Engineers' (ASCE) assessment had given the nation's roads, bridges, rail, drinking water, waste water, solid waste and others an aggregate almost flunking grade.
McRock Capital, an investment firm in Toronto, has initially closed its Industrial Internet venture capital fund with $50 million in a round led by BDC Venture Capital.
Massachusetts-based BackOffice Associates has bought Farnborough, UK-based SAP Data Services consultancy firm ENTOTA for an undisclosed amount. Goldman Sachs invested $30 million in BackOffice five years ago.
The acquisition by dual location-based chip manufacturer Avago Technologies Ltd of LSI Corp marked the second biggest acquisition in the semiconductor industry for this year, said a Businessweek report.
Crowdtilt, a San Francisco, California-based crowdfunding platform, secured $23 million for its Series B funding in a round led by Andreessen Horowitz and was participated by venture capitalists and angel investors.
