A source interviewed by Reuters said billionaire activist investor Carl Icahn had a higher stake in eBay than what was previously reported, saying that his stake was near 2%.
Investors
Investment fund explores sale of specialist bathrooms retailer Bathstore
The investment fund Endless is mulling a sale of specialist bathroom retailer Bathstore which it acquired from plumbing group Wolseley in 2012, Sky News reported.
Indian e-learning firm iProf secures $9M in Series B funding
Noida, India-based e-learning company secured $9 million (INR55 crore) in a Series B funding round led by global education research firm Hobsons for future acquisitions and network expansion.
US-based accelerator Singularity University to launch $50M venture fund to tackle world problems
California, US-based education center and accelerator Singularity Universtity (SU) will launch a $50-million venture fund later this year for robotics, biotech, and nanotech firms formedy by SU students and faculty.
Venture capitalists believe 2014 will be great for startup firms in need of financing- report
Although there are worries about the shortfall of funding for the venture capital industry, venture capitalists are optimistic that this will continue to be a good year for firms looking to raise money, the U-T San Diego news site reported.
Latest News
Atlanta, Georgia-based home improvement specialty retailer Home Depot purchased Houston-based window covering seller Blinds.com for an undisclosed amount to expand the technology on its company website.
Rare Enterprises, the company of ace investor Rakesh Jhunjhunwala, picked up 6.85 lakh shares of India-based liquor firm Radico Khaitan via open market in a deal valued at INR11.50 crore.
San Francisco, California-based online car booking service Uber planned to venture into the Asia Pacific market and start hiring staff members across 14 cities, according to an Uber representative.
Venture capitalist Jamie McCourt gave a $25,000 grant to UNICEF to support this year's UNICEF Ball fund campaign. McCourt, who owns Jamie Enterprises, gave the grant late last month.
Eric Wolford has been added as a venture partner of Silicon Valley-based venture capital firm Accel Partners. Wolford also sits on the board of BitTorrent and Jut.
Oakland, California-based customer intelligence pipeline raised $450,000 in a funding round last month from Alchemist Accelerator and angel investors to spy on software customers and find out what keeps them happy.
Smile Mom, the app that allows moms to share baby photos and family updates with moms living nearby, has raised $1.5 million in seed funds from angel and institutional investors, TechCrunch reported.
Cascadia Capital, a diversified, boutique investment bank today announced its Consumer Practice advised Zuke's, LLC (d/b/a Zuke's) on its sale to Nestlé Purina PetCare Company, a subsidiary of Nestlé S.A. which closed in late 2013.
Limerick, Ireland-based environmental software developer AMCS Group closed €23.5 million in a funding round led by Highland Capital Partners Europe (HCPE) for its expansion into Europe, Australia, New Zealand, and the Americas.
