Sony will shut down two-thirds of its retail outlets located across the US, with 11 out of the 31 stores near major markets to remain open, as part of its move to offload unprofitable units and reduce liabilities.
Sectors
Warner Bros mulls investing $10M to $15M in YouTube game video site Machinima
Burbank, US-based movie company Warner Bros is mulling over a $10 million to $15 million investment in YouTube game-focused web video site Machinima, according to a report by the Wall Street Journal (WSJ).
Nok Nok Labs secure $16.5M in new funding round for new online authentication services
Nok Nok Labs secured $16.5 million in its latest funding round from Lenovo, DCM and Onset Ventures as it seeks to move online authentication beyond usernames and passwords, VentureBeat reported.
MakerBot start accepting pre-orders for $1,375 Replicator Mini 3D printer
MakerBot has finally started accepting preorders for their smallest 3D printer, the Replicator Mini which costs $1,375 which will be shipped sometime in the spring, TechCrunch reported.
Chicago's Threadless launches iOS app for e-commerce shop
Chicago, US-based artist community and e-commerce site Threadless launched an iOS app for its online T-shirt and hoodie business after existing exclusively on the web for a long time.
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US-based payments startup Knox Payments raised $900,000 in funding from Virginia-based angel investors to launch a limited beta version of its service that allows merchants to accept direct payments from their clients' bank accounts.
Manhattan Attorney Preet Bharara has sent subpoenas to Mt. Gox, other bitcoin exchanges, and businesses that deal in bitcoin to seek information on how they handled recent cyber attacks, a source familiar with the probe said on Wednesday.
New York, US-based crowdfunding deals aggregator CrowdWatch wants to help people find investment opportunities by gathering together all deals from equity and debt-based crowdfunding platforms in just one place.
Venice, US-based brand and content management software maker ZEFR pocketed $30 million in a Series D financing round led by Institutional Venture Partners (IVP) for its international expansion and product development.
For-profit social enterprise d.light obtained $11 million for its Series C funding round participated in by DFJ, Omidyar Network, Nexus India Capital, Gray Ghost Ventures, Acumen Fund and Garage Technology Ventures.
New York, US-based machine-learning technology startup One Llama is developing a mobile app for smartphones and wearable devices that can alert users when danger is coming their way.
For its first institutional funding round, Palo Alto, California-based Workboard Inc secured $2.75 million. The round was led by Granite Ventures and Opus Capital and joined in by Crosslink and Shea Ventures, VentureBeat reported.
Mumbai, India-based private equity fund manager ASK Pravi Equity Opportunities Fund picked up a minority stake in Chandigarh-based children's clothing firm Indian Clothing League Pvt Ltd for INR50 crore ($8.08 million).
Spree Commerce, a maker of open source software that enables online retailers to build their own online storefronts, grabbed $5 million in its Series B round, VentureBeat reported.
