Corporations

Microchip to buy Taiwan's ISSC Technologies

Microchip Technology Inc said it would acquire Taiwan's ISSC Technologies Corp, which provides low-powered bluetooth technology for the Internet of Things, in a deal that values the company at about $328.5 million.

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India's Flipkart buys fashion portal as Amazon spurs consolidation

Flipkart, India's largest e-tailer, on Thursday acquired the country's biggest fashion portal Myntra, as Amazon.comInc's rapid expansion in the country stokes consolidation in the e-commerce industry.

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Indonesian retailer Mitra Adiperkasa to sell stakes in pizza, burger chain

Indonesian retailer Mitra Adiperkasa said it will sell majority stakes in its Domino's Pizza and Burger King chains to keep its capital to develop its other franchises.

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Google said to be in talks to buy streaming-video site Twitch: WSJ

Google Inc was said to be in talks to acquire video-streaming service Twitch, according to a report in The Wall Street Journal on Sunday.Officials at Google and Twitch declined to comment on the matter.

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Yahoo buys mobile 'self-destruct' messaging app Blink

Yahoo Inc has bought Blink, a mobile messaging startup whose app lets users send messages that will self-destruct at a time set by the sender.

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Southtech Capital Corporation Announces Proposed Qualifying Transaction Involving Redfall Technologies Inc.

Southtech Capital Corporation ("Southtech") (TSX VENTURE:STU.P) is pleased to announce that it has entered into an amalgamation agreement dated May 7, 2014 (the "Agreement") with Redfall Technologies Inc. ("Redfall"), a private corporation incorporated under the laws of Alberta, to complete a Qualifying Transaction (the "Qualifying Transaction"), as such term is defined by the TSX Venture Exchange (the "Exchange").

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California fitness app PEAR takes home $5M in Series B round

Irvine, US-based fitness trainer app PEAR Sports took home $5 million in its Series B funding led by previous backers Innovate Partners and Nordic Ventures to ramp up its marketing efforts and third-party sales.

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American P2P lending marketplace Prosper raises $70M for growth

San Francisco, US-based peer-to-peer lending marketplace pioneer Prosper raised $70 million in a funding round led by private equity firm Francisco Partners to build its business and fuel its growth.

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C&A adds bankrupt Chicago photo chain Calumet in $4M deal

Ridgefield Park, New Jersey-based camera and photography equipment manufacturer C&A Marketing Inc added the already-bankrupt Chicago, Illinois-based photo chain Calumet Photographic Inc for $4 million to rebuild the shuttered business.

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New York taxi firm Yellow Cab buys rival Rochester Taxi

New York, US-based taxi service Yellow Cab bought its younger rival Rochester Taxi Co, which is owned by Roba Bati, for an undisclosed amount in a deal that will bring the latter under the Best Ride brand later on.

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Mining tycoon Andrew Forrest acquires Australian beef processor Harvey Beef

Mining tycoon Andrew Forrest acquired Perth, Western Australia-based beef processor and exporter Harvey Beef for an undisclosed amount through his company Minderoo, and announced expansion plans for the newly-acquired firm.

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Apple acquires LuxVue Technology

Apple Inc. has acquired LuxVue Technology said sources familiar with the matter adding that the former could integrate LuxVue technology to its gadgets for longer battery life and better screen brightness.

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Colorado-based robotic toy maker Orbotix raises $15.5M in Series D funding

Boulder, US-based robotic toy maker Orbotix raised $15.5 million in its Series D funding round led by Shea Ventures to create new categories of connected toys and to expand globally.

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Google acquires Rangespan, terms of the deal undisclosed

Rangespan was acquired by Google which was a third for the latter to buy a company based in the U with the terms of the deal left unrevelead.

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Kaltura buys Israeli pay TV startup Tvinci

New York, US-based open-source video platform Kaltura bought Tel Aviv, Israel-based pay TV service startup Tvinci for an undisclosed amount to gain flexibility in the video business and grow its revenue.

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