Glasgow, Scotland-based travel agency and property developer Minoan Group PLC bought back a 20% holding in its travel and leisure business for £930,000, which it previously sold to an outside investor for £770,000.
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Giant Interactive's sale of Alibaba shares values e-commerce company at $128B
Giant Interactive Group, a shareholder in Alibaba Group Holding, is selling a stake in the e-commerce company for about $199 million. Giant Interactive's share sale values Alibaba at roughly $128 billion.
Lithium Technologies nears takeover of social media analytics startup Klout in $100M deal
Lithium Technologies, an enterprise software company based in San Francisco, is reportedly near a deal to acquire social media analytics startup Klout. Lithium will buyout Klout in a deal worth $100 million in cash and stocks.
Apple, Time-Warner in talks over new Apple TV device: report
Apple Inc is in talks with Time Warner Cable and other content partners for a faster TV set-top box with a new user-interface that could be revealed as soon as April, Bloomberg cited sources familiar with the matter as saying.
Rhenovia Pharma nabs $738K in Series B round
Rhenovia Pharma, biotechnology company that specializes in applying biosimulation in researching and developing new therapies, has secured $738,000 or €540,000 for its second financing round.
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Governor Raghuram Rajan of the Reserve Bank of India has reiterated concerns about the stability and credibility of virtual currencies like the Bitcoin, TechCrunch reported.
State-backed fund Innovation Network Corp of Japan (INCJ) entered an agreement to pick up a 20% stake in Kyoto-based robotic hand maker Squse Inc for JPY500 million ($4.9 million), according to three sources familiar with the matter.
Denver, US-based health management firm Welltok secured $22.1 million in a Series C funding round led by New Enterprise Associates to build a new application that will encourage consumers to maintain a healthy lifestyle.
Aboitiz Group, a conglomerate based in the Philippines, has exited completely from the shipping business by selling the interests it held in joint ventures with Norway-based Jebsen Group.
California, US-based mobile messaging app Snapchat was victimized again by a hacking attack that affected several accounts and sent spam photos of a fruit smoothie.
Microsoft is taking various steps that highlight it is seriously trying to get into the Internet of things, according to a VentureBeat report that took clues from a ZDNet report and other moves taken by the company.
Internet giant Yahoo continued its seemingly endless acquisition spree by buying New York, US-based app maker Wander for an undisclosed amount, with the latter's Days photo sharing app to continue operating as a standalone entity.
Mountain View, US-based software vendor Synopsis Inc completed the purchase of Heverlee, Belgium-based design and programming software tool developer Target Compiler Technologies for an undisclosed sum.
PayPal President David Marcus berated employees in its headquarters in San Jose, California for not patronizing their own products, telling them to quit if they insist on doing so, VentureBeat reported.
