Deals
South Korea's Daum, Kakao shareholders approve merger
Shareholders of South Korean internet portal operator Daum Communications Corp and messaging app company Kakao Corp on Wednesday approved a merger of the two firms in an all-stock deal that values Kakao at more than $3 billion.
Alibaba revenue soars ahead of IPO
China's Alibaba Group Holding Ltd [IPO-BABA.N], which is expected to go public in New York as early as next month, reported a 46 percent jump in quarterly revenue as growth in the world's largest e-commerce market showed no signs of slowing.
Kleiner to invest in messaging startup Snapchat at near-$10 billion valuation: report
Venture capital firm Kleiner Perkins Caufield & Byer has agreed to invest in fast-growing messaging startup Snapchat at a valuation close to $10 billion, the Wall Street Journal reported on Tuesday, citing people with knowledge of the matter.
Google buys video-processing service provider Zync Render
Google Inc (GOOGL.O) said it bought Zync Render, the visual effects cloud-rendering technology company behind "Star Trek Into Darkness". Rendering is the process of generating an image from a 2D or 3D model, or models, using computer programs.