Corporations

Microsoft acquires Kiwi cloud computing firm GreenButton

Washington, US-based software giant Microsoft acquired Wellington, New Zealand-based cloud computing firm GreenButton for an undisclosed amount to incorporate it into the Azure public cloud platform to give companies remote access to software.

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Credit card payment platform Target invests $100 million for credit and debit cards safe technology

Target has invested $100 million to secure its credit and debit card payment facility and changing the magnetic stripes feature to chip-and-PIN terminals after 40 million cards were hacked.

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British music app Bloom.fm shuts down after investor pulls funds

London, UK-based music streaming startup Bloom.fm announced via Twitter that it shut down right after it was banned from Apple's ad network and its sole investor, Russian TV channel TNT, pulled its fundings.

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American firm Ambri raises $15M in funding to store renewable energy

Cambridge, Massachusetts-based clean tech firm Ambri Inc raised $15 million in a new funding round from KLP Enterprise, Building Insurance Bern, and other investors to find a way to store renewable energy for grid operators.

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Foxconn's FIH pours $2.2M into Singaporean social media firm mig33

FIH, a handset manufacturing service provider of Foxconn, poured $2.2 million into Singaporean social media site mig33 to help the latter preload its apps into tens of millions of mobile phones every month.

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Formosa Plastics agrees to acquire Taiwanese cable firm Gala TV

Kaohsiung, Taiwan-based business conglomerate Formosa Plastics Group agreed to acquire a 95% stake in Taiwanese cable network Gala Television Corp (Gala TV) from Swedish private equity firm EQT Partners for an undisclosed amount.

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US food delivery startup Caviar bags $15M in seed and Series A funding

San Francisco, US-based food delivery startup Caviar bagged a total of $15 million in its seed and Series A funding led by Winklevoss Capital and Tiger Global to expand into new cities.

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Comcast to divest 3.9 million subscribers if Time Warner Cable merger pushes through

Comcast confirmed that it had plans to divest 3.9 million subscribers if the merger deal with Time Warner Cable would push through as it still awaiting regulatory approval.

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California-based e-commerce startup Wanderful Media raises $14.5M in funding

Los Gatos, US-based e-commerce startup Wanderful Media raised $14.5 million in its fourth funding round from different media companies to launch a mobile app called Find & Save that aggregates local sales deals.

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Warner Bros picks up minority stake in California broadband TV startup TV4 Entertainment

American film and music producer Warner Bros picked up a minority stake in Santa Monica, California-based broadband television startup TV4 Entertainment for an undisclosed amount to maintain its standing in the digital-video industry.

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Facebook enters fitness arena with purchase of Finnish fitness app maker ProtoGeo

US social media giant Facebook entered the fitness arena with its acquisition of Helsinki, Finland-based mobile fitness tracking app maker ProtoGeo Oy for an undisclosed amount to beef up its mobile app portfolio.

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GE unit to invest $24M in Welspun's solar power project in India

GE Energy Financial Services announced that it will invest $24 million in Welspun Renewables Energy Pvt Ltd's solar power project in Neemuch, India to help more people in the country have access to renewable energy.

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Automattic buys New York-based code-free website creator Scroll Kit

In its 14th acquisition, San Francisco, US-based publishing platform developer Automattic bought New York City-based code-free website creation startup Scroll Kit for an undisclosed amount to integrate the latter's features into WordPress.

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Spindle CEO Pat Kinsel becomes a partner at VC firm Polaris after Spindle sale to Twitter

CEO and co-founder Pat Kinsel of Spindle has become a partner at venture capital firm Polaris after he successfully sold Spindle to social microblogging site Twitter, gaining him the title of "entrepreneur in residence."

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Microsoft reiterates commitment in Africa through a 20-year business plan

Microsoft said through its newly appointed head Kabelo Makwane that it has reinstated its development commitment in the Africa through a 20-year business plan that would boost economic growth and development in the African region.

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