San Francisco-based mobile photo app developer PicCollage raised USD 2.3 million in seed funds. Mobile photo application developer PicCollage scored USD 2.
Deals
US Unite gets USD2 Million seed funding
Today, Unite US said that it had raised USD2 million in seed funding and plans to launch publicly this fall.
Vodacom to invest TZS 200 billion for network expansion in Tanzania
Vodacom Tanzania announced plans for network expansion with TZS 200 billion investment. South Africa's Vodacom in Tanzania announced its plans to develop and grow in the country within the year.
Cantera Energy acquires South Texas Wells from EP Energy
Cantera Energy completed its acquisition of South Texas assets from EP Energy. Cantera Energy completed its acquisition of assets from EP Energy Wednesday for an undisclosed amount.
Abbot acquires IDEV Technologies for USD 310 million
Abbott completed its purchase of IDEV Technologies Inc for USD 310 million. Global healthcare company Abbott announced the completion of its purchase of IDEV Technologies from RiverVest Venture Partners.
Latest News
Japanese group LIXIL Corp completed its purchase of ASD Americas Holdings Corp for USD 542 million.
China's central bank said it would include all loans issued by trust companies in its database in an effort to curb risky lending.
Lloyds Banking Group announced its sale of Heidelberger Leben for EUR 300 million to Cinven and Hannover RE.
Canadian investment manager Brookfield Asset Management Inc was able to raise USD 1 billion for its fifth fund.
Norway said its sovereign wealth fund could now include Africa Israel Investments and its subsidiary company Danya Cebus in its investment portfolio.
KPN said it had invited its shareholders to a meeting on October 2 to vote on the proposed sale of its German unit E-Plus to Telefonica.
A Chinese coal firm offered USD 160 million for Turquoise Hill's Inova Resources Ltd. Shanxi Donghui Coal Cooking & Chemicals Group said it would be offering USD 160 million for Inova Resources Ltd.
A state think-tank said Chinese banks have reduced loans on property developments in smaller cities because of the glut in unsold homes there.
Facebook Inc unveiled new project, Internet.org to provide online access to more people around the world.
