Smartphone pioneer BlackBerry dropped its plans for a buyer search and fired its CEO Thornsted Heins.
North America
Twitter raises IPO price range after strong demands
Following the strong demand, Twitter raised its IPO price from USD23 to USD25. The social networking site has felt more optimistic than ever about its IPO for potential investor's reports The New York Time's the Deal Book.
GE embraces crowdfunding with OurCrowd partnership
GE Ventures entered the crowdfunding arena by partnering with the OurCrowd platform. GE Ventures embraced crowdfunding today by partnering with OurCrowd, an Israeli crowdfunding platform.
BlackBerry CEO drops out - shares drop
Following the exit of BlackBerry's CEO, the company's shares dropped to 16%. On Monday, BlackBerry Ltd had abandoned plans to sell and its CEO had stepped down.
Lynx Equity purchases Valuelight Limited
Canada-based private equity firm Lynx Equity bought lighting fixtures maker Valuelight Limited. Lynx Equity announced its purchase of Valuelight Limited.
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A poll taken by AP-CNBC showed that almost half of active investors think that Twitter is a bad buy.
MediaSpike raised USD5.2 million from investors for the placement of ads in mobile and social games.
Leaked images sparked rumors that Apple was developing a new tablet to compete with Apple's iPad mini.
A poll from iLounge showed that the iPad Air and iPhone 5s were Apple's best products of the year.
The following bids, mergers, acquisitions and disposals were reported on Monday The following bids, mergers, acquisitions and disposals were reported on Monday: BlackBerry Ltd is abandoning a plan to sell itself and instead will replace its chief executive and raise about $1 billion from institutional investors, including its largest shareholder, the smartphone maker said.
Early data from analytics companies indicated the popularity and the high conversion rate of iPad Air as compared to iPad 4 and iPad Mini.
Blackberry agreed to enter into a USD billion convertible debenture sale, which would saw its top executives including cheif executive officer Thorsten Heins leaving the company
Svelte Medical Systems had closed USD22 million from its latest funding round to be used for its new heart surgery products and research.
Rapid-I, a leader in predictive analytics market, would be using its recent funding to scale its business in the US.
