BlackBerry Ltd said it would not renew a deal allowing T-Mobile US Inc to sell its products, a gamble by the smartphone maker as it struggles to stabilize its business under an aggressive new chief executive officer.
Sectors
Redefine International acquires 40 percent stake BNRI Earls Court
Redefine International announced on Monday its acquisition of a 40% stake BNRI Earls Court in a deal valued GBP6.3 million, reported Ventures Africa.
Marriott International finalizing deal to acquirie Protea Hospitality Group in South Africa
Ventures Africa reported that Marriott International has finalized an acquisition deal for Protea Hotels valued USD191 million.
OTP Bank close to acquire MKB from BayernLB
Hungary's OTP Bank is close to acquiring MKB from BayernLB said sources familiar with the matter, reported Reuters.
Varun Beverages to expand in Africa and South Asia with USD300 million investment
Varun Beverages planned to invest USD300 million for a business expansion in South Asia and Africa, reported Ventures Africa.
Latest News
Despite significant increases in its use as a payment system and attention in the marketplace, Bitcoin is small relative to both traditional payment processors and global currencies, according to a Fitch Ratings Why Forum commentary published today.
Bitcoin derivatives trading platform BTC.sx has secured funding from Seedcoin Fund, BTC.sx Chief Operating Officer George Samman told Reuters on Tuesday.
Munich, Germany-based smart headphones The Dash broke its $260,000 crowdfunding goal on the Kickstarter platform by reaching a total of more than $3 million for the whole campaign.
Nashville, US-based Windy Hill Spirits Inc, the maker of American Born Moonshine, pocketed $6.1 million in new equity from undisclosed investors to continue producing high quality moonshine for its customers.
San Francisco, US-based venture fund Data Collective landed $125 million for its third fund that exclusively invests in big data and data science startups, according to a document filed with the US Securities and Exchanges Commission.
Lexington, US-based healthcare IT service provider Imprivata filed for an initial public offering (IPO) to raise $115 million on the New York Stock Exchange (NYSE).
Pasadena, US-based tablet mobile and gaming startup Industrial Toys scored $5 million in a Series A funding round from Accel Partners to launch a beta version of new title Midnight Star and add more content and titles to its portfolio.
Santa Clara, US-based startup Crossbar bagged $25 million in its Series C funding round to expand the memory of a postage stamp-sized chip to one terabyte and make it 20 times faster that the best flash storage at present.
Palo Alto, US-based stealthy startup Citizen.VC raised $4 million in funding out of a reported $12-million round, based on a document filed with the US Securities and Exchange Commission.
