Artists' social community DeviantART raised a new round of funding amounting to USD10 million from Autodesk.
Investors
Nestle to exit from bulk of Jenny Craig business to private equity firm
Food giant Nestle announced its intention to sell the bulk of its Jenny Craig business to private equity firm North Castle Partners.
Bitcoin's shows signs of a bubble via record price points - report
Some industry observers see the rise in Bitcoin value as a bloated valuation. In an article on TechCrunch, digital currency Bitcoin was reportedly on a comeback after a series of market value setbacks.
Petronas's chemical arm exits from its stake in PMPC
Petronas Chemicals Group Bhd would be selling a 93.1% ownership stake in Phu My Plastics and Chemical Company Ltd (PMPC) to Asahi Glass Co Ltd and Mitsubishi Corporation.
RDA Microelectronics Inc receives buyout bid from Tsinghua Unigroup Ltd
State-owned Tsinghua Unigroup Ltd offered to buy RDA Microelectronics Inc for USD 18 per share. RDA Microelectronics Inc said it received its second buyout offer after more than a month.
Latest News
All retail locations of video rental chain Blockbuster would be closed by January 2014, owner Dish Network said.
Some investors expressed discontent at the investment plans of giant phone maker Samsung Electronics.
Vietnam is now in the process of allowing foreigners greater participation in local industry and cut back on government participation.
According to Moody's Investors Service, buyout firms would be targeting European retailers to take advantage of low funding costs.
Google Ventures added two new investors, Shanna Tellerman and Dave Munichiello, in its roster. Google Ventures welcomed Shanna Tellerman and Dave Munichiello, its two new investment partners, to its ranks.
Latin Idea Ventures led the USD 50 million financing round of e-commerce platform Linio. Mexico-based venture capital firm Latin Idea Ventures invested in e-commerce startup Linio.
McGladrey LLP entered into an acquisition deal with financial firm Margolis, Phipps & Wright PC. McGladrey LLP signed an acquisition deal with Margolis, Phipps & Wright PC.
Sources told Reuters that Chemtrade Logistics Inc is already in talks to buy General Chemical Corp, a company owned by private equity firm American Securities.
Kindred Healthcare Inc. recently bought 9 nursing centers for USD83 million shortly after it purchased Senior Home Care Inc in November.
