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.
Deals
Fidelity Contrafund cuts Yahoo stake by 41 percent this year
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 Announces Closing of Initial Public Offering of Units and Convertible Unsecured Subordinated Debentures
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.
Siemens in talks to sell stake in household goods venture to Bosch - sources
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.
Foxconn to buy $390 million stake in Taiwan telecom operator in 4G push
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.
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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.
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.
Pinterest has raised a new $200 million round of funding that gives it a valuation of $5 billion, the photo pin-up site said on Thursday. Pinterest, which allows users to create online bulletin boards based on various themes such as...
Sony Music Entertainment, a unit of Sony Corp, has invested $3 million in music-recognition application maker Shazam Entertainment, a source familiar with the matter said.
Attensity, a company that identifies conversation on social media and other channels, is infused with $90 million in equity financing by an undisclosed international private equity fund.
France-based, Bunkr, a free video presentation creator, raised $1.4 (€1 million) today from sole investor Idinvest Partners.
Adform, (www.adform.com), the premier ad tech partner for media agencies, trading desks, advertisers and publishers in Europe, today announced it has raised $5.5 million in a Series B funding round from new Via Venture Partners.
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.
