Facebook Inc is acquiring Pryte, a Finnish company that aims to make it easier for mobile phone users in under-developed parts of the world to use wireless Internet apps.
Deals
Twitter in talks to buy online music firm SoundCloud: FT
Microblogging platform Twitter Inc has been in talks with Berlin-based audio sharing website SoundCloud in its efforts to add a music service to its offering, the Financial Times reported citing people familiar with the matter.
Cash infusion for Gild aims to bring diversity to U.S. tech sector
Hiring startup Gild has raised cash to help it tackle one of the U.S. technology sector's highest-profile challenges: the lack of diversity among its workers.
Zenefits raises $66.5 million in accelerating cycle for venture capitalists
Business startup Zenefits has raised another $66.5 million from investors, months after its first capital-raising, following a pattern set previously by a handful of hot, young consumer companies that proved their worth to investors over a short span.
Software maker Kinaxis trims expected price of planned offering
Kinaxis Inc trimmed the expected offer price of its initial public offering on Tuesday, in a sign that market demand for the Canadian software company's equity issue may not be as hot as originally expected.
Latest News
Fidelity Investments Contrafund, the largest mutual fund investor in Yahoo Inc, cut its stake in the Internet media company by 41 percent during the first four months of 2014, according to the fund's latest disclosure.
Transeastern Power Trust ("Transeastern" or the "Trust") is pleased to announce it has closed its initial public offering (the "Offering") of 11,045,800 units of the Trust (the "Units") at a price of $1.00 per Unit along with $11,763,000 aggregate principal amount of 7.5% convertible unsecured subordinate debentures (the "Debentures") for aggregate gross proceeds of $22,808,800.
German engineering group Siemens is in final stage talks to sell its 50 percent stake in a household goods joint venture to partner Robert Bosch, two sources familiar with the matter said on Wednesday.
Apple Inc supplier Foxconn Technology Group will buy a stake in Taiwanese mobile telecoms operator Asia Pacific Telecom for T$11.6 billion ($390 million) in a deal that would expand its presence in Taiwan's fledgling 4G telecoms market.
Flipkart, India's largest e-tailer, raised $210 million in a fresh round of funding from a group of four investors led by internet-focused investment group DST Global, it said in a statement on Monday.
South African telecommunications company Telkom (TKGJ.J) made a second stab at buying IT infrastructure firmBusiness Connexion (BCXJ.J) with a 2.7 billion rand ($256 million) offer, seven years after competition concerns scuppered its first bid.
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.
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.
GoPro Inc, which makes wearable sports cameras and accessories, filed with U.S. regulators on Monday to raise up to $100 million in an initial public offering of common stock.
