Social media backup startup SocialSafe received an additional USD1 million in investment commitments with Microsoft Corp researcher Gordon Bell as its investor and advisor.
Deals
Dealertrack completes CFM and VINtek acquisitions
Today, Dealertrack announced completing its acquisition of VINtek and Customer Focused Marketing Inc.
Texas drops out of suit to stop American Airlines-US Airways merger
The state of Texas had dropped out of the lawsuit filed by the US Justice Department to block the US Airways-American Airlines merger, according to a Reuters report.
Life Insurance Corp decreases shareholdings in Britannia Industries
LIC lowered exposure in food conglomerate Britannia Industries. The Indian state-owned Life Insurance Corporation had decreased its shareholdings in Britannia Industries, the consumers conglomerate, by 2.
Vodafone led consortium to activate fiber network
Vodafone formed a consortium with three Gulf telecommunications firms to activate a 1,400 fiber network in anticipation of the increased demand for broadband services in the region.
Latest News
Israel-based venture capital firm Pitango Venture Capital said it had closed its recent funding round with USD270 million worth of funds.
Wolseley Private Equity sold all its shares in nexmedia to Forum Media Group. Australian-based Wolseley Private Equity said it had exited from nextmedia.
Despite an ownership dispute, Electricite de France (EDF) said it was in exclusive discussions with Dalkia France for the purchase of urban lighting firm Citelum.
Campbell Soup Company announced that it had signed a definitive agreement with CVC Capital Partners for the sale of its European meals business.
Log management and analytics startup LogEntries recently received USD10 million in Series A funding led by Polaris Venture Partners.
A report by information technology news site Techcrunch said multinational semiconductor chip maker Intel Corporation recently acquired security company Sensory Networks for USD20 million.
Indigo Partners would be buying Frontier Airlines from Republic Airways Holdings Inc for USD 36 million in cash.
Private equity firm HIG Capital announced that it had invested in specialty carpet mill Lexmark. Private equity company HIG Capital announced that it had made a strategic investment in broadloom carpet maker Lexmark Carpet Mills Inc.
Qatar Holdings, the investment arm of Qatar's sovereign wealth fund, bought the 12% stake of NYSE Euronext in the Qatar Exchange.
