Apple Inc acquires communication chip developer, Passif Semiconductor Corp. Apple Inc announced the acquisition of Passif Semiconductor Corp, a developer for communication chip.
Investors
Consortium of investors to buy Theo Fennell
A consortium of investors led by EME Capital offered GBP2.9 million to buy out Theo Fennell. Upmarket jeweller Theo Fennell revealed that it had decided to be taken private in a GBP2.
Israel's Pebbles Interfaces gathers US$11 million in its second round of financing
Pebbles Interfaces stated that it had collected US$11 million in its second round of financing from both existing and new investors.
AIG resumes talks with Chinese group for sale of leasing unit
AIG announced that they are resuming talks with a Chinese group regarding the sale of its aircraft leasing unit.
Socrative receives up to US$750,000 in its seed funding round
CEO of Socrative reveals that his company had collected US$750,000 in a seed funding round from investors including True Ventures, NewSchools Venture Fund, Eileen Rudden and Jean Hammond.
Latest News
Patreon Inc. revealed that it had collected up to US$2.1 million in financing from capital venture firms and angel investors.
FCA Venture Partners revealed that they had sealed a US$53 million fund. FCA Venture Partners announced that it had just closed a US$53 million fund. The capital they have raised would be used to fill a funding gap that exists between angel and later-stage investment periods.
HootSuite financiers revealed that Blumberg Capital had earned up to 520% from their initial investment in HootSuite.
Medical equipment maker, Smith & Nephew announced that the company is in the market to make acquisitions.
Ekahau, Inc. revealed that Horizon Technology Finance Corporation spearheaded a US$6 million debt financing plan for the tech company.
Green Delta Capital Limited revealed that it had signed a memorandum of understanding with BD Venture Limited to ensure cooperation between the two companies in various business sectors.
GIC Pvt. Ltd. stated that it was considering more investments in the US. One of Singapore's sovereign wealth funds, GIC Pvt Ltd, announced its preparations for the possible volatility of markets and economies in the second part of this year.
Fortress Investment Group said that they are pushing Blackstone Group LP to sell and exit investments.
Sources said that Krishnapatnam Port Company intend to sell stakes in the company in a bid to raise INR1,200 crore for its expansion plans.
