For venture capital firm Atomico founder Niklas Zennström , Silicon Valley is not the only technology hub where great firms can come from. He says they can come from anywhere.
Sectors
Fieldwood shells out $750M to acquire Sandridge unit in Gulf Coast
Houston, US-based firm Fieldwood Energy LLC, a portfolio company of Riverstone Holdings LLC, bought the Gulf Coast unit of Oklahoma-based firm SandRidge Energy Inc in a deal valued at $750 million.
Apple's App Store 2013 sales reach over $10B in 2013
Sales of Apple's App Store surpassed the $10 billion mark last year, reinforcing its lead over Google's Play Store in the arena of mobile computing, the Financial Times reported.
TPG eyes Shell assets in Australia -report
Texas, US-based private investment firm TPG Capital is in a tussle with two other potential buyers of the Australian assets of Netherlands-based petrol and refining firm Royal Dutch Shell, according to a report.
WellPoint to sell online contact lens business to private equity firm Thomas H. Lee Partners
Health insurer WellPoint Inc. on Tuesday announced that it would sell its online contact lens business 1-800 Contacts to private equity firm Thomas H. Lee Partners for an undisclosed sum. WellPoint bought 1-800 Contacts for about $900 million.
Latest News
New York, US-based TV streaming startup Aereo has secured $34 million in a Series C funding round led by IAC, amid a lengthy legal battle with major rivals who want to bring it down.
Oil and gas companies in the West, like that of Scotland-based Weir Group, are heading to China to bet on the birth of the country's shale gas industry, the Financial Times reported.
Marissa Mayer, the Chief Executive Officer (CEO) of Internet giant Yahoo has revealed the acquisition of Aviate, a San Francisco-based startup that automatically organizes apps on a phone's home screen.
Although many believe that the US has started to lose its power and influence because of stagnating economy, a Financial Times report believes that compelling evidence abounds that refute this claim.
Borrowing costs for the Eurozone countries that experienced the brunt of the crisis dropped after a high demand from investors for 10-year bonds offered by the Irish government, the Financial Times reported.
Bourbon, a Paris-based operator of supply and crew ships for the oil industry, sold a dozen vessels to China's ICBC Financial Leasing as part of its plan to make a dent on its debt, Bloomberg reported.
Gartner, a research group, predicted that over 1 billion smartphones and tablet computers installed with the Android operating system of Google will reach customers in 2014.
Alipay, an online payment affiliate of Alibaba Group Holdings Ltd., has struck a deal with Sina Corp. to launch and online payment service as competition rises between Alibaba and rival Tencent Holdings Ltd. Alibaba last year bought an 18% stake in Sina Weibo.
State-owned investment firm Temasek Holdings Pte. Ltd. is considering to offer bonds to individual investors in Singapore. Temasek's current $10 billion medium-term bond program offers securities to institutions.
