VENTURE CAPITAL POST

Simplivity's Series C investment round was oversubscribed, raising USD58 million in capital led by Draper Fisher Jurvetson and Kleiner Perkins Caufield & Byers and participated by new and existing investors.

As the value of the Bitcoin reached a landmark USD700 valuation, The US Senate committee held a hearing with experts, lobbyists and federal regulators to discuss about the potential threats, risks and benefits of virtual currency.

A request by the central bank of India to be given exemption from the provisions in Section 54 of the Competition Act, which seeks to regulate bank mergers within a certain period, India's Ministry of Corporate Affairs rejected such request.

CareFusion Corp's acquisition of Vital Signs from GE Healthcare was considered strategic as the former aimed to expand its anesthesiology and respiratory care business while saving up to USD15 million in annual costs.

An analyst said that the involvement of Bitcoin in the Silk Road online marketplace scandal provided enough boost for the digital currency to receive support from the market, and even US government agencies, as an accepted investment and payment technology solution.

A Reuters report cautioned the risks involved in investing in activist funds like Pershing Square Capital Management because just as it can earn high returns, it could also result to massive losses.

When companies see activist investors as a threat before, a Reuters article said companies are now treating these types of investors as a catalyst for corporate change.

Potential investors would be having difficulty acquiring a majority ownership stake in beverage company Yeo Hiap Seng Ltd due to the Ng family, who had a controlling interest in Yeo's via Far East Organization.

Although taking different approaches, investors Bill Ackman and Bruce Berkowitz were attempting to salvage securities acquired before the US housing crisis with a combined value of more than USD100 billion, said a Bloomberg report.

An article published on tech news site VentureBeat raises the question on the staying power of social media giants and Silicon Valley darlings like Facebook and Twitter.

Bitcoing exchange BTC China received USD5 million in Series A investment from Lightspeed China Partners and Lightspeed Venture Partners to fund its general operations, but indicated plans to expand its business.

Oracle Corp made an announcement on its website via a redirect from Bitzer Mobile's site link that it had acquired the startup at an undisclosed amount to expand its business in the bring your own device (BYOD) market.

Terms of Frutarom Industries' definitive agreement to acquire Protein Technologies Ingredients (PTI) included an option to acquire the remaining 25% interest from minority shareholders in the next three years.

A trend in hiring former government officials in executive roles had been seen in investment firms, said a Bloomberg report. Recently, Warburg Pincus LLC appointed former US Treasury secretary Timothy Geithner as its new president.

Equity investors were seeing fewer options to place their bets on the market as the stock rally had driven up company valuations, said a Bloomberg report.