Sheryl Sandberg sold around USD91 million worth of shares in the social networking site after Facebook topped its initial public offering price for the first time since May last year.
Sectors
Millennial Media to purchase Jumptap for USD225 million
Millennial Media Inc is to purchase Jumptap Inc for around USD225 million in stock. Millennial Media Inc agreed to purchase Jumptap Inc for around USD225 million in stock.
Verizon Foundation teams up with UC San Diego, Cisco lanches MR34
Verizon Foundation teamed up with UC San Diego for the treatment of tuberculosis, while Cisco launched MR34 to aid the growing demand for infrastructure.
Nokia's head of developer relation quits for a job at Amazon
Marco Argenti, head of developer relations in Nokia, announced that he left Nokia for a job at Amazon's Web Service Business.
Brocade Communications beat analysts' estimates as demand for storage products rise
Brocade Communications Systems Inc beat analysts' estimates with its third quarter earnings report as demand for storage products rise.
Latest News
Sources said that BlackBerry started looking for potential buyers since 2012 when it hired JPMorgan Chase & Co. and RBC Capital Markets to manage the search.
BlackBerry's board members opted to go on sale after the company's market value plunged to only USD5.1 billion from USD83 billion in 2008.
Facebook announced that it would acquire Mobile Technologies, a company focused in developing voice translation software.
Generator Hostel is on acquisition spree backed by Patron Capital. The award winning urban design hostels group, Generator, had announced the acquisition of two further locations in both Paris and Rome.
Russian pleaded not guilty to charges that accuse him of being a part of the biggest cybercrime ring prosecuted in the US.
3D printing continued to spur copyright clash between low-end 3D printer users and various companies that defend their copyrights on electronics.
Wilcon and Freedom Dark Fiber Networks merge to create Freedom Telecommunications. The premier provider of best-in-class data center and fiber optic infrastructure, Wilcon, announced the entry into an agreement to acquire Freedom Dark Fiber Networks.
Wanderu, the searching and booking start up firm, has received about US$2.45 in investment funds from established firms in the industry.
CDC and Abraaj have jointly invested in Rainbow Hospitals. The development finance institution of the UK, CDC together with the Abraaj Group, one of the foremost investors participating in growth markets worldwide, have announced their financial investment in the Rainbow Hospitals group.
