American private equity firm Blackstone Group and its affiliate Panchshil Realty acquired a 49% stake in Express Towers for INR 900 crore. The yield-generating asset was previously held by the Indian Express Group and ICICI Venture.

Young technology companies were now looking for high valuations, according to a report from The New York Times Dealbook. Dropbox is the latest among them.

France-based black car service provider LeCab raised USD6.8 million (EUR5 million) in a Series B funding round from undisclosed investors, to be used for the expansion of the company's service and manpower.

New York-based startup LightSail Education received USD3.5 million in a Series A funding round led by Viceroy Capital Advisors for marketing an app that helps improve students' literacy.

North Carolina-based payments platform Spreedly secured an additional USD500,000 in seed funding from Belgian angel investors group Emerge.be to be used for product development and hiring of additional staff.

San Francisco-based Dropbox said that it targets to raise USD250 million in its third funding round. If successful, this would give the web storage company a valuation of more than USD8 billion.

Vertical ecommerce portals or retailers that sell only one category of healthcare products are getting the support of investors, according to a report on The Economic Times.

California-based mobile security firm Mojave Networks raised USD5 million in a funding round led by Bessemer Venture Partners, to be used for its expansion and marketing efforts.

Two private equity firms, Axon Capital and Forum Synergies, together bought a minority stake in Bangalore-based online food ordering portal Justeat.in for an undisclosed amount.

Sony Entertainment sought the advice of consultancy firm Bain & Company to help identify more than USD100 million in cost cuts. The Japanese conglomerate reportedly suffered a USD181 million operating loss in the second quarter.