Inq Mobile, the London-based company which is among the first to make a Facebook phone, announced via its website that it has shutdown, but the company has not elaborated on the exact reason.
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SEB Asset Management buys Tokyo's Primegate for €39M
European real estate asset manager SEB Asset Management bought ten-storey office and commercial structure Primegate, which is valued at JPY 5.5 billion (around €39 million).
Coworking space Rainmaking Loft invades Berlin
Starting February 27, London-based co-working space Rainmaking Loft will be opening 80 desks within a 1,000-square-meter office space in Berlin to provide startups with links between the Berlin and London tech markets.
BTC China restores Bitcoin-Renmibi trading
BTC China, the biggest bitcoin exchange in the world, has begun allowing users to buy the digital currency using Chinese yuan again, just a month after it halted renmibi deposits because of a bank warning.
Bangalore startup Lumos builds solar powered backpacks that charge mobile devices
Bangalore, India-based startup Lumos Design Technology made unbreakable waterproof bags with a built-in battery than can charge mobile gadgets with the use of solar power.
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Boston, US-based social advertising and marketing startup Moontoast announced that it has raised $4.5 million as extension to its Series B financing round for its expansion and platform development.
Washington University associate professor of engineering Robert Morley sued Square co-founders Jim McKelvey and Jack Dorsey for fraud and patent infringement, claiming he was wrongly left off a patent for the attachable credit card reader device.
San Francisco, California-based social games services provider Zynga Inc is laying off around 314 employees, or 15% of its workforce, as part of a cost reduction strategy to generate between $33 million to $35 million in savings for 2014.
Atlanta, US-based marketing automation platform Salesfusion has acquired social analytics platform LoopFuse for an undisclosed amount just two weeks after the former raised $8.25 million in a Series B funding round.
One Kings Lane, an online home furnishings retailer, has raised $112 million in its Series E funding round led by investment firm Mousse Partners Ltd. One Kings Lane is now valued at $912 million.
A venture capitalist is urging Asian investors to consider placing bets in evergreen funds, and said that these type of funds are a good fit for them.
In an email addressed to the university community, Columbia University said it has hit a fundraising milestone recently when it managed to raise over $6.1 billion in funding, the second biggest by a US university to date.
Preparations are underway for Microsoft to appoint its enterprise and cloud head Satya Nadella as its new chief executive officer, sources who were familiar with the process told Bloomberg.
Internet giant Yahoo Inc disclosed via Tumblr that they have detected a coordinated mass hacking attempt on a yet undetermined number of Yahoo Mail accounts, and has reset the passwords of all affected accounts.
