Alabama, US-based banking firm Bay Bank has been bought by Hattiesburg-based firm The First Bancshares Inc in a merger deal worth $6.6 million in combined cash and stock.
Investors
In-Q-Tel picks up stake in US-based data prep firm Paxata
Arlington, US-based intelligence community investment arm In-Q-Tel (IQT) picked up a stake in Redwood City, California-based analytics data preparation firm Paxata for an undisclosed amount.
Activist investor rejects Cliffs Natural Resources Inc proposal to end battle for board control
Activist investor Casablanca Capital has rejected an offer made by Cliffs Natural Resources to end the proxy battle to gain control of the miner's board, Reuters reported.
BlackBerry sells Texas campus to Brookfield
Ontario, Canada-based smartphone pioneer BlackBerry sold its Riverside Commons office campus in Las Colinas, Texas to Canadian investor Brookfield Property Group for an undisclosed amount.
Tencent Holdings may acquire a 16pct stake in online retailer and merge platforms
Tencent Holdings, the biggest Internet company in China, could get a 16% stake in online retailer JD.com, according to a Chinese business newspaper, Reuters reported.
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New York, US-based scrap metal processor and recycler Upstate Shredding snapped up Irving-based rival Brant Auto Parts for an undisclosed amount in an all-cash deal.
London, UK-based music identification app Shazam confirmed the previously rumored $20-million financing from undisclosed investors, which will probably fund the firm's expansion and advertising efforts.
Johannesburg, South Africa-based banking network Nedbank Capital is looking for new mining investment destinations in Africa, aside from gold explorations in Tanzania, Ghana, and Burkina Faso.
Optio Labs secured $10 million from parent company Allied Minds and other private investors for its Series A funding round. The company provides software solutions for mobile security, a statement about the funding said.
New York, US-based startup school General Assembly scored $25 million in a recent funding round to expand its tech and entrepreneurship course offering and to build new campuses.
Women-led angel investment network Angel Academe has invested in UK-based Buddybounce, a startup that seeks to help artists determine and reward their "super fans," TechCrunch reported.
Makati, Philippines-based holding firm Berjaya Philippines Inc will buy a 50% stake in London, UK-based property firm RBW Holdings Ltd in a cash deal valued at PHP3.7 million.
Workable, a developer of SME-focused cloud-based recruitment platform, secred a $1.5 million investment in its latest funding round led by Greylock Partners
DreamIt Ventures Austin has rolled out a new microfund this week together with AngelList to give additional funding to the nine startups in its accelerator program, VentureBeat reported.
