Microsoft co-founder Paul Allen's investment in professional football team the Seattle Seahawks, current 2014 NFC Champions in Super Bowl Sunday, appeared to have paid off despite losing over $8 billion initially.
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Microsoft Corp set to appoint Nadella as new chief - sources
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.
Yahoo resets mail passwords after detecting mass hack attempt
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.
American venture capital firm CrunchFund reportedly raising $40M for second fund
CrunchFund, the San Francisco, US-based venture capital firm co-founded by Michael Arrington, is raising $40 million for its second early-stage investment fund, according to a regulatory filing.
New York-based analytics firm raises $3.3M in funding for self-learning platform
New York, US-based analytics firm Implisit raised $3.3 million in funding from Gemini Israel Ventures for its self-learning platform that mines CRM data to help improve sales efficiency.
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Enigma, a search and discovery platform for public data, was able to raise $4.5 million for its Series A round led by Comcast Ventures and supported by other investors.
Bow & Drape, the fashion startup that allows women to customize their clothes, was able to secure $1.2 million funding from various investors to grow and expand the brand.
London-based Zopa, the largest peer-to-peer lending company in Europe, raised $25 million in funding from Arrowgrass Capital Partners. Proceeds will be used to continue the lending firm's growth.
ZappRx, a mobile platform that automates the prescription management process, has nabbed an additional funding worth $1 million for its seed financing round led by Atlas Ventures.
San Diego-based venture capital fund Origo Ventures secured a grant worth $1 million from the investment arm of the Chilean government called CORFO. Proceeds will be used to invest in promising startups in Chile.
Private equity group 3i said it was able to close exits worth £29 million or $48 million in the final quarter of last year, bringing its overall proceeds for the year to £557 million, Reuters reported.
Three banking sources told Reuters that Greece's National Bank has plans to divest its London-based private equity arm NBGI in order to increase its capital.
Chief Executive Officer Larry Ellison eased worries that the private information of Oracle's cloud computing clients could be accessed by the National Security Agency, Reuters reported.
Philippine-based industrial chemical manufacturer received approval from its board for the sale of its entire 69.92% stake in LMG Chemicals Corp to businessman Norman Ng.
