The merger between Silverado Power and Sustainable Power Group or sPower, an independent power producer majority owned by private investment firm Fir Tree Partners, has finally been completed, with the newly-created firm to be called sPower.
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Sina hires Goldman Sachs and Credit Suisse for Weibo's New York IPO
Goldman Sachs and Credit Suisse were hired by Chinese Internet firm Sina to take care of the debut of its microblogging platform Weibo in New York, according to sources interviewed by the Financial Times.
The agricultural titan of US, ADM invests $25M in Rennovia
Illinois, US-based agricultural giant Archer Daniels Midland (ADM) invested $25 million in equity in Menlo Park, California-based renewable chemicals firm Rennovia as its latest venture into renewable plastics.
Golden Rim raises $491K to continue Burkina Faso project
West Perth, Australia-based public exploration and mining firm Golden Rim Resources raised $491,000 in placement to continue developing its Balogo project in Burkina Faso, Africa while the firm is still trying to determine other funding options.
Sony's SmartBand wearable to be released globally next month
Sony's wearable technology called the SmartBand SWR10 which was first introduced at the CES last month will finally be available in 60 markets in March, TechCrunch reported.
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Sunnyvale, US-based mobile security solutions provider Good Technology announced its purchase of Columbia, Maryland-based enterprise mobility management software maker Boxtone for an undisclosed amount to boost security in joint products and widen its client base.
The potential use of big data by insurance firms to create a profile of possible policyholders carries with it advantages and drawbacks, the Financial Times reported.
Balderton Capital led the seed investment round for London-based carwow, an online website for those who want to buy new cars. Episode 1 Ventures, Samos Investments and angel investors also joined in the round.
Southern Cross Venture Partners was the lead investor for the Series A funding round for Waltham, Massachusetts-based mobile content startup bigtincan which raised $5 million.
Singapore-based business consortium DDB Group Asia Pacific acquired Bangalore, India-based digital marketing firm 22feet for an undisclosed amount in a bid to be the leader in the development of India's digital marketing solutions industry.
Bangalore, India-based outsourced engineering solutions provider Quest Global Engineering added Houston, US-based engineering firm Beeken TechQuest for an undisclosed sum to meet the engineering workforce demand in the oil & gas industry.
Chinese gadget maker Huawei unveiled five new devices during the Mobile World Congress tradeshow held in Barcelona, including two tablets, one smartphone, one smartband, and a fast mobile Wi-Fi device.
Africa is already in the radar of large American technology corporations and venture capitalists as IBM, Microsoft and Intel Capital make bets on startups in the continent, TechCrunch reported.
After raising $38 million in total funding last year, San Francisco, US-based house cleaning startup Homejoy opened its second office in New York City in January to create a places where the company's city managers can meet together.
