YRC Worldwide Inc sought new labor contract terms from its union employees to get lenders' approval to refinance the trucking company's borrowings.
Funding
Dropbox acquires Sold for USD1.2 million
After seven months since its launch, Sold announced it had been purchased by Dropbox for USD1.2 million.
Private equity firm Lloyds Development Capital invests GBP 22 million in clothing brand Joules
Clothing company Joules scored a GBP 22 million investment from private equity company Lloyds Development Capital.
Vista Equity Partners closes USD1.1 billion small-cap fund
Vista Equity partners reached its USD1.1 billion target for its second Foundation Fund. Vista Equity Partners closed USD1. 1 billion for its second Foundation Fund for small and mid-cap software entities.
Texas Instruments and 7-Eleven executives speak up on corporate venture capital
Dallas-based TI and 7-Eleven executives attended a forum in the Southern Methodist University where corporate venture capital was discussed.
Latest News
TheSkimm received USD1.1 million in seed funding for the development of its newsletter for busy professionals.
Environment-friendly home furnishing company Bambeco Inc gathered USD 4.5 million in its first institutional fundraising round.
Following the strong demand, Twitter raised its IPO price from USD23 to USD25. The social networking site has felt more optimistic than ever about its IPO for potential investor's reports The New York Time's the Deal Book.
GE Ventures entered the crowdfunding arena by partnering with the OurCrowd platform. GE Ventures embraced crowdfunding today by partnering with OurCrowd, an Israeli crowdfunding platform.
Following the exit of BlackBerry's CEO, the company's shares dropped to 16%. On Monday, BlackBerry Ltd had abandoned plans to sell and its CEO had stepped down.
RallyPoint was able to get USD 5 million in capital commitments from DBL Investors for its Series A round.
MediaSpike raised USD5.2 million from investors for the placement of ads in mobile and social games.
The following bids, mergers, acquisitions and disposals were reported on Monday The following bids, mergers, acquisitions and disposals were reported on Monday: BlackBerry Ltd is abandoning a plan to sell itself and instead will replace its chief executive and raise about $1 billion from institutional investors, including its largest shareholder, the smartphone maker said.
Blackberry agreed to enter into a USD billion convertible debenture sale, which would saw its top executives including cheif executive officer Thorsten Heins leaving the company
