Australia-listed coal mining firm Universal Coal agreed to acquire the assets and liabilities of Exxaro Resources' New Clydesdale colliery (NCC) in South Africa for an undisclosed amount.
Sectors
Data reveals venture capital investment soaring in January
Venture capitalists seem to be gearing up for a very hectic year as they poured $5.8 billion in new companies in January, representing an increase to the $3.5 billion made last year, TechCrunch reported.
San Francisco's FarFaria raises $3.25M in Series A funding for children's iPad book service
San Francisco, US-based reading app FarFaria raised $3.25 million in a Series A funding round led by Inventus Capital Partners to launch a children's subscription book service for the iPad.
Canada's Real Ventures gives California-based atVenu $1.1M in seed stage round
Sausalito, California-based merchandise sales management platform atVenu secured seed stage funds of $1.1 million from Canadian venture capital firm Real Ventures, PE HUB Canada reported.
TechCrunch report examines compensation package of new Microsoft CEO
TechCrunch looked more closely into the compensation package of Microsoft Chief Executive Officer Satya Nadella submitted by the company in a filing to the US Securities and Exchange Commission.
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Investors which include Phenomen Ventures have given additional financing to the tune of $20 million to Rocket Internet-incubated foodpanda and its affiliate hellofood, TechCrunch reported.
France-based startup Wisembly was able to snag $2 million from Alven Capital for its tool that allows users to prepare for, monitor and simplify company meetings, TechCrunch reported.
Saudi Arabia-based development and investment firm Technology Development & Investment Co (TAQNIA) picked up a 50% stake in Sun & Life, the solar energy unit of power and water company Acwa.
In a bid to show that their participation in the surveillance efforts of the government was limited, Facebook, Microsoft, Yahoo and Google started to publish details on the number of government requests for data, Reuters reported.
African mineral exploration activity is poised to drop by 15% to 20% in 2014 as sources of funding have dried up due to difficult economic problems, according to David Cox, senior sales executive of SNL Metals Economic Group.
According to a government official, foreign funds are circling the Israeli companies that are going to be put up for sale by the state in a bid to increase competition, Bloomberg reported.
New York, US-based social intelligence startup 4C snagged $4 million in funding from venture capital firm Jump Capital for its expansion, and sales and product development.
University of North Carolina Professor Gregg D. Polsky wrote in the February 3 edition of Tax Notes that payments given by companies to their private equity owners are not characterized properly for tax purposes, The New York Times The Dealbook reported.
California, US-based optical communications network product designer and manufacturer JDS Uniphase Corp (JDSU) bought Boulder, Colorado-based real-time intelligence software solutions provider Trendium for an undisclosed amount.
