The third quarter report of Dow Jones Venture Source showed a rise in venture capital activity in the technology sector.
Venture Capital
Fidelity Investments joins ETF market
Seeing a decline in its fees and revenues in its current market, Fidelity Investments goes into ETF management, a market dominated by the Vanguard Group and BlackRock Inc.
Merlin is seeking to raise funds through an IPO to fund Legoland Dubai
Legoland Dubai's main promoter is seeking to raise funds through an IPO set in the London Stock Exchange.
Wayfair hints at another financing round
Wayfair LLC Chief Executive Officer Niraj Shah had disclosed that it would be holding a venture capital round soon.
Petrobras lands Libra license to operate
With its consortium, Petrobras leads to extract the oil from the Libra pre-salt mine. A consortium led by Petroleo Brasileiro SA had landed a license to develop the largest oil discovery in Brazil under terms that had exceeded projections.
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EBay Inc founder and chairman Pierre Omidyar discussed about his new media venture via a blog post on Wednesday.
A decision by US Judge Ronald Guzman put HSBC's Household International Inc liable to pay USD2.46 billion as settlement for misleading its investors.
Breathometer Inc scored close to USD 2 million in its seed funding round, and would use the funding to produce and market its Breathometer device.
The shares of Australian building materials maker Boral Ltd had surged after the announcement of a joint venture with US peer USG Corp valued at USD1.6 billion.
State oil company PDVSA and Spain's Repsol had been in talks regarding a venture funding in Venezuela, said a report from Reuters.
Australia's Boral Ltd and US peer USG Corp had announced a joint venture which would be equally owned by 50% of each company, said the companies in a statement.
The quarterly report on angel group investment activities was recently released. A national survey of angel group investment activity was reported in the Q2 2013 Halo Report.
Imperial Capital Group backed STI Technologies with a USD 17 million investment. Toronto-based Imperial Capital Group announced its USD 17 million investment in reimbursement card provider STI Technologies.
Albion Ventures, the largest venture capitalist in the UK completed the investment in Cisiv Ltd. Albion Ventures recently completed the acquisition of Cisiv Ltd.
