NewsCred has expanded its funding base with new infusion from Mayfield Fund and others to the amount of US$15 million.
Sectors
Summit REIT Acquires Properties and Funding
Summit REIT expands portfolio and funding sources. In an announcement, Summit Industrial Income REIT said that it has completed the acquisition of fifteen light industrial properties in several locations, namely Greater Toronto, Moncton in New Brunswick and Edmonton in Alberta.
Yahoo To Take Controlling Stake in Dailymotion
Yahoo to purchase 75% of Dailymotion. One of the Internet world's most popular video websites Dailymotion is now in discussion with Yahoo Inc. This deal, once it pushes through, may become one of the largest ones to date by Yahoo CEO Marissa Mayer since taking over leadership duties last July.
Al Hilal Bank to Issue Sukuk
Abu Dhabi's Al Hilal Bank to issue sukuks before end of the year. Al Hilal Bank, the state owned bank of Abu Dhabi, is planning to issue a debut Islamic bond valued at US$500 million to be done in the third quarter of 2013.
Commercial Bank of Qatar Buys Majority in Alternatifbank
CBQ purchases majority stake in Turkish lender Alternatifbank. In a move showing Gulf interests expanding overseas, the Commercial Bank of Qatar has purchased 70.
Latest News
Cleary joins Tullis Health to help in its expansion plans. Michael Cleary was recently appointed by Tullis Health Investors as its new Director of Investor Relations and Marketing.
US$6 million raised from fund sources for Earlybird. In an announcement, Earlybird Venture Capital announced the completion of US$6 million Series A funding for the first social marketplace focused on fashion, Videdressing.
Armacell bids well below base price set by Investcorp. The sale of Armacell is creating issues as Investocorp's base price could not be reached by the existing bidders.
Affymax's drug recall Ormontys caused decline of the company. Pharmaceutical firm Affymax continued its decline after it fired nearly three fourths of its labor complement and is now in the process of opting for a sale or declaration of bankruptcy.
Sequoia Capital leads capital funding for Pyramid Analytics. The premiere company that provides data driven decision making to end users at all levels has announces the closure of its latest funding round.
BGI-Shenzhen acquires Complete Genomics after regulatory approvals from China and the US were obtained.
Blackstone contemplates matching or even surpassing Silver Lake bid for Dell privatization. The Blackstone Group is contemplating to bid for Dell Inc in an amount over and above the proposed US$24.
Renta opting for insolvency protection to schedule debt payments. Share trading for Rental Corporacion, the Spanish property firm, was suspended last Tuesday after reports surfaced that the company's board was contemplating opting for insolvency.
After lengthy discussion, Bietz gives in to proposed share sale. ThyssenKrupp of Germany is in the midst of planning to undertake share sales in an effort to raise Eur1 billion to improve its financial position.
