Index, a startup that provides software to enhance customer experience in physical stores, received USD7 million in Series A investment from investors including Innovation Endeavors, of which Google executive chairman Eric Schmidt is a co-founder.
Investors
Tyra Banks' Fierce Capital backs a mobile advertising app
Tyra Banks has invested an undisclosed amount on Locket, a mobile advertising app made for Android smartphone lockscreens, through her company's investment arm Fierce Capital.
Mergers and takeovers in EU
The following are mergers under review by the European Commission and a brief guide to the EU merger process
Spain to take formal offers for nationalized bank Novagalicia Banco
Spain will take formal offers from potential buyers for Spain's nationalized lender Novagalicia Banco from Tuesday.
MTR, Eldorado updates original merger agreement in favor of MTR shareholders
According to the joint statement by MTR Gaming Group, Inc and Eldorado HoldCo LLC, the amendments of the merger agreement included increases in cash consideration, payment per share to MTR, of which will be funded by Eldorado.
Latest News
Atomico's Fund III was intended to provide financial support to startups who are raising money via later-stage funding rounds to aid them in scaling their businesses.
Hightail, which was formerly known to many as the file-sharing service name YouSendIt, has raised a total of USD83 million after it nabbed USD34 million in new funding from an investment round led by Western Digital.
According to a Reuters report, the sale of Exxon Mobil Corp's controlling interests in utility and power firms Castle Peak Co Ltd and Hong Kong Pumped Storage Development Co would help the global oil firm return money to investors and focus more on its core businesses.
Melbourne-based tech startup IntelligenceBank raised USD2 million in a seed funding round led by local investment firm KOTJ. The funds will be used for the company's market and workforce expansion.
Georgia-based eCommerce technology company Innotrac announced that will be acquired by investment firm Sterling Partners for USD106.6 million in cash. The deal would make Innotrac a privately-held company.
TriArtisan Capital Partners emerged as the top bidder for California-based restaurant operator CKE Inc in a deal valued at almost USD2 billion, according to sources familiar with the situation.
Netherland's DSM said it would spin off its pharmaceuticals division to private equity firm JLL Partners for USD2.6 billion. The post-spin off company would be developing and manufacturing drugs under contract.
Julius Baer Group said it will be acquiring WMPartners Wealth Management. The latter will then be merged with Julius Baer's Infidar Investment Advisory Ltd unit to form one of the largest independent asset management company in Switzerland.
Nokia shareholders were expected to approve the sale of its beleaguered handset business to Microsoft Corp. for EUR5.44 billion. The takeover would boost Nokia's cash position to EUR8 billion.
