Japanese gaming platform and web services provider DeNA invested an undisclosed amount in Between, a chat app for couples created by South Korean firm VCNC, to help the app become an open platform.
Sectors
Bitcoin plunges after marketplace indefinitely halts withdrawals
The price of the digital currency bitcoin slid to its lowest level in nearly two months on Monday after bitcoin digital marketplace Mt. Gox said a halt on withdrawals it announced on Friday would continue indefinitely after it detected "unusual activity."
Yahoo unveils partnership with business reviews site Yelp to enhance search results
Yahoo chief executive Marissa Mayer on Friday announced the Internet corporation's partnership with San Francisco-based online business reviews website Yelp. The cooperation reportedly will put Yahoo in a position capable of competing with search engine giant Google.
LinkedIn acquires job-search startup Bright.com for $120M in stock, cash
LinkedIn Corp., a professional networking site, has bought online recruiting startup Bright.com for $120 million via a combination of stock and cash. This is reportedly LinkedIn's largest acquisition and is expected to close by the first quarter of 2014.
AOL CEO Tim Armstrong dials back retirement benefit cut, apologizes for unwarranted remarks
Tim Armstrong, the chief executive of mass media company AOL Inc., on Saturday issued a memo informing employees that his company would revert to its previous employee retirement benefit plan after drawing outrage from employees. Armstrong also apologized for an unpopular remark he made in an attempt to explain the change in policy.
Latest News
iSocket, a San Francisco, California-based direct ad sales platform, was able to secure $5 million in its recent round of financing, led by Time Warner Investments, TechCrunch reported.
New York, US-based travel management firm Rocketrip bagged $2.6 million in a Series A funding round led by Canaan Partners to accelerate its product development and to beef up its sales and customer services.
New York Times columnist and former executive editor Bill Keller will be leaving the American media firm to become the editor-in-chief of nonprofit news startup The Marshall Project on March 1.
Cornell University entrepreneurs and professors don't believe that a startup bubble is in the offing, despite what finance experts say, The Cornell Daily Sun reported.
Columbus, US-based natural gas compression startup Simple-Fill received an undisclosed amount of technology grant from the Technology Concept Fund, an investment fund backed by Ohio State University.
New Mexico, US-based app design and development startup ByteWare Apps launched Superflat, its first iPad gaming app, which is a supplement to the construction-based computer game Minecraft.
David Errington, an analyst at Bank of America Merrill Lynch, said companies would do well if they focused on investing in their core business instead of acquiring other companies in their quest for growth, The Australian reported.
Facebook's Mark Zuckerberg and his wife Priscilla Chan were the most generous American philanthropists in 2013 according to the Chronicle of Philanthropy, the Associated Press reported.
Minnesota, US-based food processing firm Cargill purchased the Leonardo olive oil brand from New Delhi, India-based premium wellness food provider Dalmia Continental for an estimated price of INR100 crore.
