California, US-based venture capital firm Norwest Venture Partners (NVP) took a controlling stake in Brighton, New York-based medical device firm iCardiac Technologies for an undisclosed sum.
Sectors
Google Ventures pulls out funding for Bustle
Google Ventures took out the $100,000 backing it gave to Bustle, a woman-focused publication, after the investor found that they did not anymore share the same values with its founder, TechCrunch reported citing sources.
San Francisco startup Spellgun launches to bring Western mobile games to China
San Francisco, US-based startup Spellgun launched today to bring Western mobile games to China's mobile market under a partnership with video game art outsourcing firm Concept Art House and Chinese firm Talkweb.
Bitcoin founder Satoshi Nakamoto story 'strongly' supported by Newsweek
Newsweek has given their full backing for reporter Leah McGrath Goodman and the story she did on Bitcoin's secretive creator Satoshi Nakamoto, The Verge reported.
FAA appeals NTSB judge's decision on legality of commercial drones
The Federal Aviation Administration has filed an appeal to the decision of NTSB Adminstrative Law Judge Patrick Geraghty who ruled that the use of commercial drones was legal, TechCrunch reported.
Latest News
Arlington, US-based intelligence community investment arm In-Q-Tel (IQT) picked up a stake in Redwood City, California-based analytics data preparation firm Paxata for an undisclosed amount.
Activist investor Casablanca Capital has rejected an offer made by Cliffs Natural Resources to end the proxy battle to gain control of the miner's board, Reuters reported.
Ontario, Canada-based smartphone pioneer BlackBerry sold its Riverside Commons office campus in Las Colinas, Texas to Canadian investor Brookfield Property Group for an undisclosed amount.
Instagram, the mobile photo sharing service of Facebook Inc, has signed a $50 million advertising deal with Omnicom Group, according to sources interviewed by Bloomberg.
Tencent Holdings, the biggest Internet company in China, could get a 16% stake in online retailer JD.com, according to a Chinese business newspaper, Reuters reported.
Virginia, US-based furniture rental firm CORT Business Services bought Mountlake Terrace, Washington-based events planning firm AA Party Rentals for an undisclosed amount to expand its product offering.
Englewood, New Jersey-based paint retailer Eagle Paint and Wallpaper Inc bought troubled Paramus-based rival Norton Paint for an undisclosed sum to gain traction over rivals in the paint industry.
Alabama, US-based banking firm Bay Bank has been bought by Hattiesburg-based firm The First Bancshares Inc in a merger deal worth $6.6 million in combined cash and stock.
Jesse Litvak, a former Jefferies & Co Managing Director, was convicted of defrauding buyers in a criminal case connected to the US government's Troubled Asset Relief Program, Bloomberg reported.
