VENTURE CAPITAL POST

On Monday, World Bank’s Chief Financial Officer said that the bank had planned to cut USD400 million from its budget as a part of a sweeping reorganization.

Billionaire Mark Cuban said during a court trial last Monday that the stake he sold from an Internet search firm was long been planned.

Former World Bank President Robert Zoellick would rejoin investment bank Goldmans Sachs Group as chairman for its international advisory board, said a Reuters report.

Ingo Money received growth equity funding of an undisclosed amount from Camden Partners.

A spokesman for Yury Kovalchuk said the billionaire was thinking of buying a stake in Tele2 Russia and putting some of his shares in Sobinbank for sale.

Sonatrach's purchase of Petroceltic International's Algerian assets increased the value of the latter's stock.

Private equity firm Inflexion bought On The Beach for GBP 73 million from Isis Equity Partners.

The Abraaj Group made its first investment in Cote d'Ivoire to back African Industrial Services Group.

Sources told Bloomberg that Darling International was closing in on a deal to buy Vion Ingredients, the meat rendering business of Vion Food Group Ltd.

Ripple Labs had partnered with ZipZap, a cash transaction network, to expand its money transfer services.

Washington-based Carlyle Group could possibly sell its shares in Turkey's Medical Park and Saudi Arabia's General Lighting.

A regulatory filing showed Sharp would be selling stocks at a discount to raise JPY 137 billion.

The Al Habtoor Group would be investing USD 3 billion in a real estate development in Dubai.

Intu Properties partnered with the Canada Pension Plan Investment Board to buy a Spanish mall for EUR 162 million or USD 220 million.

Heavy traffic could not be the cause of website glitches under ObamaCare, according to experts.