After a successful Kickstarter campaign, Colorado-based Seamless Toy Company raised USD2.6 million in a seed round to build a system that allows kids to bring toys to life using science.
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Teck, Newmont, Blackstone, Magris consortium new contender for Las Bambas in Peru
Teck Resources, Newmont Mining, Magris Resources and private equity firm Blackstone Group are reportedly bidding for Glencore Xtrata's Las Bambas copper mine in Peru. Las Bambas' estimated end-2014 valuation is at USD6.9 billion.
Malaysia's Kian Joo receives MYR1.46 billion takeover bid from Aspire Insight
Malaysian packaging solutions firm Kian Joo Can Factory Bhd got a MYR1.46 billion cash takeover bid from privately owned company Aspire Insight Sdn Bhd at MYR3.30 per share.
EQT's Conni Jonsson speech stirs private equity industry to reflection-report
At the SuperInvestor conference held in Paris, EQT Partner Managing Partner Conni Jonsson tackled the difficult issues faced by the private equity world, leading the industry to reflect on where it is headed.
Amec looking to takeover Foster Wheeler
UK's Amec Plc is looking to acquire NASDAQ-listed Foster Wheeler AG. If the deal eventually pushes through, it could generate GBP5 billion (USD8 billion) for the Geneva-based engineering and power conglomerate.
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Private equity firms are keeping more money for acquisitions, according to a report from the Financial Times. The "dry power" of private equity funds have risen to USD 789 billion this year.
The Pac-Man defense has been used by Men's Wearhouse as it makes a counteroffer to Jos. A. Bank Clothiers which first made a bid to buy Men's Wearhouse this year.
Boston-based daily fantasy sports online game DraftKings closed USD24 million in a recent funding round led by Redpoint Ventures for its marketing, acquisition, and expansion activities.
Valuation results in 3Q13 showed a noticeable increase over 2Q13, including the greatest difference between up and down rounds in over six years. The software industry was especially strong, not only valuation-wise, but also in the number of deals.
Optimitive, a cleantech startup from Spain, announced on Tuesday that it has successfully secured USD 1.9 million in a Series A round, led by GGM Venture Capital and Optimitive plans to use the funds in building up its sales and marketing team.
Ashland, a chemical manufacturer, is in talks with at least seven private equity firms that are all interested in purchasing its water technologies unit in a deal that could fetch upwards of USD 1.5 billion.
Wire Labs, a company founded by two former Amazon engineers, raised USD 1.8 million in its seed funding round for their mobile messaging application Wire.
Buffer, a social sharing app announced that it has learned its lesson after last month's hack that enabled attackers to post on its users Facebook and Twitter accounts. It now has implemented a two-step login and authentification in place to ensure that the incident would not happen again.
Privately held Cox Communications is considering bidding for Time Warner Cable either on its own or as part of a joint bid, The Wall Street Journal reported on Tuesday, citing anonymous sources.
