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.
North America
BCM Wineworks to market wine brands
Renowned names in the wine industry join forces to create sales and marketing firm BCM Wineworks for the known brands of Bacchus Capital.
Nestle sells Jenny Craig to hedge fund firm
In a bid to trim its portfolio, Nestle had sold to North Castle Partners its interest in weight loss brand Jenny Craig.
Dropbox, Cybozu enters into strategic partnership to boost foreign market share
Zendesk and Tokyo-based Cybozu's new partnership agreement would have both firms embarking on a joint product integration and marketing efforts to boost each other's product in Japan and the US.
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.
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Former Silk Road administrators confirmed that the Silk Road marketplace on silkroad6ownowfk.onion was the real deal.
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.
Google Ventures added two new investors, Shanna Tellerman and Dave Munichiello, in its roster. Google Ventures welcomed Shanna Tellerman and Dave Munichiello, its two new investment partners, to its ranks.
McGladrey LLP entered into an acquisition deal with financial firm Margolis, Phipps & Wright PC. McGladrey LLP signed an acquisition deal with Margolis, Phipps & Wright PC.
Sources told Reuters that Chemtrade Logistics Inc is already in talks to buy General Chemical Corp, a company owned by private equity firm American Securities.
Kindred Healthcare Inc. recently bought 9 nursing centers for USD83 million shortly after it purchased Senior Home Care Inc in November.
