VCPOST Staff Reporter

Personal assistant app Donna retires after being acquired by Yahoo

Donna, the personal assistant app made by San Francisco, US-based mobile app creator Incredible Labs, is retiring starting February 28, just a month after search giant Yahoo acqui-hired the company.

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Amazon to offer its own music streaming service under Prime membership

US-based e-commerce giant Amazon is reportedly in talks with big music companies about plans to offer its own music streaming service under it Prime membership, according to a report by Re/code citing anonymous industry sources familiar with the discussions.

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AssuredPartners adds Kentucky insurance firm Creech & Stafford

Florida, US-based insurance brokerage investor AssuredPartners Inc completed the purchase of Lexington, Kentucky-based insurance firm Creech & Stafford Insurance Agency Inc for an undisclosed amount.

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Connecticut consulting firm CBP buys Beacon Financial, takes majority stake in Beacon Retiree

Stamford, Connecticut-based private consulting firm CBP bought Warren, New Jersey-based employee group benefits firm Beacon Financial Group (BFG) and has taken a majority stake in Beacon Retiree Benefits Group (BRBG) for an undisclosed sum.

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Old Mutual snaps up UK financial adviser Intrinsic

London, UK-based wealth management firm Old Mutual Wealth snapped up Swindon, England-based financial adviser Intrinsic for an undisclosed amount to extend its market reach across the UK.

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Chinese photo app Camera360 releases update with new features

Chengdu, China-based photo editing mobile app Camera360 released its updated version which now has streamlined design and packed features, including one that lets users store photo data in the app's cloud service.

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Israeli startup AtriNet buys itself out from parent firm NSN

Hod Hasharon, Israel-based tech startup AtriNet bought itself out of its mother company, Nokia Solutions and Network's (NSN) domestic branch, for an undisclosed amount, to launch as an independent entity and continue the network technology it had developed.

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Catalyst scoops up majority stake in Tanzanian logistics company EFFCO

Nairobi, Kenya-based private equity firm Catalyst Principal Partners acquired Dar es Salaam, Tanzania-based heavy equipment rental and logistics firm EFFCO for an undisclosed amount as part of its strategy to invest in high-growth companies in eastern Africa.

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Matrix backs Indian business financing firm FSBC

Waltham, US-based venture capital fund Matrix Partners invested an undisclosed amount in Chennai, India-based micro and small business financing firm Five Star Business Credits Ltd (FSBC).

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Warner Bros to make Minecraft-based movie with Swiss game developer Mojang

Burbank, US-based movie giant Warner Bros Studios is in talks with Stockholm, Switzerland-based indie game developer Mojang to make a movie based on the popular video game Minecraft, according to a Twitter post made by Mojang founder Markus Persson.

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Biglari buys New York-based men's magazine MAXIM

San Antonio, Texas-based diversified holding firm Biglari Holdings Inc, through a wholly-owned subsidiary, bought New York, US-based men's magazine brand MAXIM for an undisclosed sum.

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Earth Hour joins forces with Singaporean crowdfunding site Crowdonomic for environmental endeavors

Singapore-based non-profit organization Earth Hour joined forces with Singaporean crowdfunding site Crowdonomic to raise funds for tech projects that aim to assist environmental endeavors in Southeast Asia.

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Kitchener to shell out $1M to provide offices for new local startups

Councillors of the city of Kitchener in Ontario, Canada have agreed to shell out $1 million for the next five years to help owners of underused spaces turn their properties into a new landing pad fro startups just out from incubators.

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US-based commission-free stock trading app RobinHood emerges from private beta

Redwood City, California-based mobile finance app Robinhood emerged out of its private beta to let signed-up users trade stocks for free instead of paying a fee for every transaction done.

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American SaaS firm ClearSlide lands $50M in Series C funding to help salespeople make effective presentations

San Francisco, US-based sales communication platform ClearSlide landed $50 million in a Series C funding round led by Social+Capital Partnership to provide a service that boosts productivity of salespeople.

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