Staff Reporter

Hapag-Lloyd AG to purchase Cia. Sud Americana de Vapores SA

Hapag-Lloyd AG has agreed to buy Cia. Sud Americana de Vapores SA in a deal that would create the fourth biggest shipping firm in the world.

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Lighthouse Funds acquired 12.5 percent in Bikaji Foods International

Lighthouse Funds has purchased 12.5 percent in Bikaji Foods International in a deal valued INR90 million, reported Economic Times.

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Tencent Holdings to launch Chinese version of Candy Crush Saga

Tencent Holdings would launch the Chinese version of Candy Crush Saga through a partnership with King Digital Entertainment.

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Squarespace gets USD40 million Series B funding

Online website maker Squarespace has taken in USD40 million worth of Series B funding, reported TechCrunch.

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Paperless Post receives USD25 million Series C funding

Paperless Post has received USD25 million Series C funding led by August Capital, confirmed by TechCrunch.

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Google Inc. acquires Titan Aerospace, financial terms undisclosed

Google Inc. has acquired Titan Aerospace without disclosing financial information regarding the deal, reported Ventures Africa.

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Alibaba Group Holding Ltd accelerates growth revenue, a timeley lift before anticipated IPO

Alibaba Group Holding's revenue has accelerated just in time before launching its public debut, reported ET.

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Diageo Plc to acquire 29 percent United Spirits stake in USD1.9 billion deal

Diageo Plc expressed its interest in acquiring 29 percent United Spirits stake, reported ET.

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Startup financial firm Betterment receives USD32 million funding round

Financial services startup Betterment has received USD32 million funding round from new and previous investors, reported TechCrunch.

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Twitter acquires social data provider Gnip

Twitter has acquired social data provider Gnip, enabling the microblogging site to sell its bulk data without engaging services from a middle man, reported TechCrunch.

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Sources: Kenya's Britam to acquire 30 percent stake in Continetal Re Kenya Ltd

Kenya's Britam would acquire 30 percent stake in Continetal Re Kenya Ltd in a deal valued USD3.5 million, reported Ventures Africa.

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Jordanian startup Mixed Dimensions raised USD1 million to go mainstream

Jordanian startup Mixed Dimensions has raised USD1 million to go mainstream with 3D tools, reported TechCrunch.

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BlackBerry acquires NantHealth

Embattled Canadian smartphone maker BlackBerry has acquired healthcare IT firm NantHealth, reported TechCrunch.

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Hacker Weev free from prison, talks about establishing a new hedge fund TRO LLC

Hacker Andrew Auernheimer a.k.a Weev has been freed from prison and talked about establishing a new hedge fund called TRO LLC, reported TechCrunch.

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Egyptian mogul Naguib Sawiris eyes a stake in Telecom Italia

Naguib Sawiris has been looking at a potential investment in Telecom Italia, his latest attempt after failing to get hold of stake two years ago, reported Ventures Africa.

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