A regulatory filing with the US Securities and Exchange Commission showed that William Ackman's Pershing Square Capital Management offloaded 7.3 million shares of liquor maker Beam Inc this week, Reuters reported.
Sectors
Apple Inc faces $840M claims over lawsuits related to price rigging of e-books
Apple Inc is facing claims amounting to $840 million from state attorneys general and plaintiffs, which included consumers, in lawsuits related to the pricing of electronic books, Bloomberg reported.
Reports say Apple foraying into mobile medical health space
Technology giant Apple Inc is said to be making a play into the mobile medical health space as evidenced by its development of the iWatch and other products, CNET reported.
M&A in Southeast US rises 17% in 2013- report
The mergers and acquisitions activity in the Southeastern portion of the US rose 17% last year, according to data from Mergermarket Group news service, The Tennessean reported.
GPS app maker Telenav acquires Berlin-based startup Kobbler for $24M
Sunnyvale, US-based GPS app maker Telenav acquired Berlin, Germany-based navigation startup Skobbler in a deal valued at approximately $24 million in a combination of cash and common stock.
Latest News
Independent non-profit economic development organization Ben Franklin Technology Partners of Southeastern Pennsylvania (BFTP/SEP) invested $2 million in 11 early-stage companies from the technology and life science sectors.
Nanomix Inc, a California-based nanotechnology firm that develops next generation point-of-care diagnostic tests, received $12 million in private funding from "a strategic corporate partner and existing investors."
San Francisco, US-based marketing startup BrightFunnel secured just under $1 million in advisory funding to build a product that generates smarter and more accurate sales predictions.
Mountain View, California based seed accelerator Y Combinator (YC) announced that it will restrict its partner investments until three weeks after demo day to give all its startups an equal chance to raise funds.
Munich, Germany-based secondhand clothes marketplace Vinted landed $27 million in a Series B funding round led by Insight Venture Partners and Accel Partners for its expansion to the US.
Boston, Massachusetts-based health startup ZappRx scored a further $1 million in funding to streamline the prescription process for patients with pulmonary arterial hypertension (PAH) by becoming their electronic link to the pharmacy.
Costa Mesa, California-based firm GrowthHackers opened a community news site today where members can post resources and learning materials centered around growth hacking or marketing.
Mountain View, California-bases social login pioneer Gigya launched a new tool that will give marketers data that will flow into personalized online and offline marketing campaigns for American consumers.
San Francisco, US-based social media giant Twitter decided to buy more than 900 patents from American multinational tech firm IBM to settle patent infringement claims against it, with the two companies forming a patent cross-licensing agreement.
