U.S. District Judge Jeffrey White dismissed the lawsuit filed against San Francisco, California-based social game maker Zynga in which shareholders accused the company of lying about its financial status before it went public.
Sectors
Ankur Capital backs three rural startups in India
Mumbai, India-based impact investment fund Ankur Capital shelled out INR50 lakh for a 30% stake in each of the Indian rural startups cloud farm-management systems firm Cropln, home compost company Daily Dump, and eye-care service provider ERC.
To avoid overpayment, private equity fund managers say steering clear of traditional buyouts necessary
Private equity fund managers are employing approaches other than traditional buyouts so they can avoid overpaying for Western companies as competition pushes valuations higher, Reuters reported.
US startup GOQii adds human touch to fitness tracking
Menlo Park, US-based fitness startup GOQii is helping people stay motivated with their healthy endeavors by combining its fitness wristband with human coaches who will provide advice and help them set their health objectives.
Northwest Biotherapeutics set its sights on developing treatment for brain cancer
Northwest Biotherapeutics, a company backed by venture capitalist Linda Powers, seeks to develop therapies for brain cancer and other tumors after nearly closing its doors a decade ago, Reuters reported.
Latest News
Tel Aviv, Israel-based smart calendar app Cal added a new feature called HeadsUp that simplifies meeting and appointment tasks such as taking notes, composing minutes, and assigning tasks to attendees.
Henderson Group has plans to grow its assets to £150 billion in four years as it seeks to expand in markets outside the UK, Reuters reported.
With the spotlight suddenly turned on messaging apps after Facebook acquired WhatsApp, Chinese app WeChat released a major upgrade for the iOS and Android versions with new features such as real-time location sharing and chat history search.
Bayside Capital, an affiliate of private equity firm H.I.G. Capital, has bought the Hilton Hotel in London Docklands from Pandox AB for an undisclosed price.
An undisclosed investment amount was given to Germany-based Sunfire from Electranova Capital, the clean technology venture capital fund of Idinvest Partners sponsored by EDF, and Total's venture capital arm Total Energy Ventures.
A high profile global wealth and asset management firm in Western Europe spent $4 million to acquire the licenses and related services for Kofax TotalAgility 7.0 and Kofax Analytics, which are products created by California, US-based business software firm Kofax Ltd.
If You Can Company, a startup that created a game that teaches social and emotional learning to children, has raised $6.5 million for its Series A round ed by Greylock Partners, TechCrunch reported.
Cambridge, Massachusetts-based database firm NuoDB landed $14.2 million in a Series C funding round led by European software firm Dassault Systemes to beef up its sales and marketing teams.
Texas-based medical imaging firm Seno Medical Instruments Inc secured $34.6 million of its $39 million Series C equity funding round led by MedCare Investment Funds.
