Apple announced in its iPhone launch event today that the iOS7 mobile device would be marking its 700 millionth delivery by next month.
Deals
Toshiba to acquire Vijai Electricals
Toshiba Corp announced today that it would acquire a majority stake in Vijai Electricals priced at around USD200 million.
Terms for loans for Verizon-Vodafone buyout set
The interest rates and maturities of standing loans to back up the Verizon buyout of Vodafone was determined.
Blitsy receives investments in latest funding round
Blitsy, the online crafts company and site, received over a million dollars in seed funding from known institutional and angel investors.
MobileRQ closes latest funding round
USD800,000 was received by MobileRQ from its latest funding round. The initial funding round of MobileRQ was completed with Verizon Investments LLC leading the way.
Latest News
American Express Co. sold its publishing firm to Time Inc. as banking regulations restricted the bank from engaging in non-financial activities.
Today, Walgreens announced signing a definitive agreement to purchase Kerr Drug's retail and specialty pharmacy business without disclosing financial terms of the deal.
AAMP of America announced the acquisition of INTRAPHEX from Tatmar LLC. AAMP of America, Inc. is a portfolio company of Audax Private Equity. The former had announced today the acquisition of INTRAPHEX.
An oversubscribed fourth Asia fund was closed by Lombard Investments with an amount of USD350 million.
The Series B funding round of Benu Networks raised a total of USD26.6 million for the company. A USD26. 6 million Series B funding round was recently announced by Benu Networks Inc.
TapInfluence said that it had raise USD5 million in Series B funding led by existing and new investors.
In addition to its recent partnership with lab testing company Theranos Inc, Walgreens Co purchased drugstore chain Kerr Drug for an undisclosed amount in preparation to the launch of the US's Affordable Care Act.
Futuris Automotive is transferred to Clearlake Capital Group from Elders Limited. Last Tuesday, Clearlake Capital Group had completed its purchase of Futuris Automotive from Elders Limited.
Postmedia Network Inc. announced through its newspapers Monday that it would be selling the home building of the Calgary Herald and the printing plant of Newspapers Vancouver Sun and the Province's printer, Kennedy Heights.
