Switzerland-based drug manufacturer Novartis will be buying closely-held Massachusetts-based biotechnology firm so it will grow its range of immunotherapeutics products to treat cancer, Bloomberg reported.
United States
Companies seeking legal action against BitTorrent users and illegal movie downloaders face steep battle: report
An investigative report published by independent news organization Mother Jones said most federal judges are not keen to consider piracy claims based on computer Internet Protocol (IP) addresses, which are often used as proof to identify potential thefts.
Indian startup InMobi now rivals Apple and Google in mobile ad space- report
InMobi has only been in business for less than a decade but it has already proven to be a worthy contender to tech giants in the mobile ad space, Voice & Data reported.
Spotify seeks to hire U.S. filings expert as bankers eye IPO
Online music streaming service Spotify is recruiting a U.S. financial reporting specialist, adding to speculation that the Swedish start-up is preparing for a share listing, which one banker said could value the firm at as much as $8 billion.
Blurrt co-founder traces the demise of the mobile app
Blurtt's Jeanette Cajide traced the demise of the startup she co-founded in a TechCrunch post. Blurtt is a mobile application that enables users to craft their own digital expressions, personalize the message and send to others.
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The mobile carriers' connections for devices like cars, smart watches and thermostats are expected to increase to 250 million this year from last year's 195 million, Bloomberg reported.
Rather than just give tons of data and analytics, Echobox goes a step further by providing news publishers with a tool that recommends actions that can be taken to improve the site's traffic, TechCrunch reported.
Playbasis, a Thailand-based gamification startup, has secured seed funding of $770,000 from Ardent Capital, 500 Startups and Axis Capital to expand its reach in Asia , TechCrunch reported.
Fayetteville, US-based startup CycleWood Solutions Inc secured $1.45 million in funding from Dallas-based venture capital firm Trailblazer Capital LLC for the commercialization of its biodegradable grocery bags.
In a bid to attract more startups, Walldorf, Germany-based sofware giant SAP planned to open a cafe in Palo Alto, California, where startups companies can hang out, collaborate, and connect to over 1,000 companies worldwide.
With the most recent breach of Kickstarter that compromised the data of its users, the crowdfunding industry should strive for more caution this time, Entrepreneur reported.
Y Combinator is proof that companies don't always need to hold fancy launches. A low-key "launch day" such as the one Y Combinator had in 2005 can also spell long-term success, TechCrunch reported.
Chinese e-commerce firm Alibaba is trying to buttress its weaknesses ahead of its public debut later this year by acquiring firms, the Financial Times reported.
San Francisco, California-based wearable tech firm Basis Science put itself up for sale and is currently in acquisition talks with Google, Apple, Samsung, and Microsoft, according to two sources familiar with the situation.
