Sectors
Russia's Vimpelcom agreed to sell holdings in Orascom Telecom Algeria
Russian telecoms giant Vimpelcom has agreed to let go of its much disputed holdings in Orascom Telecom Algeria to the Algerian government after buying the telecoms firm from Naguib Sawiris in 2010 for $6 billion.
Stitch raises $3.25 million seed funding
Stitch has raised $3.25 million seed funding led by Google Ventures, Foundation Capital, Freestyle Capital, SoftTech and ENIAC Ventures with participation from angles including Tom Conrad, Brad Garlinghouse and Eric Hahn.
Wish scores $19 million in new round
Startup Wish has received $19 million new investment led by GGV Capital and Formation 8 along with Yahoo's co-founder Jerry Yang while managing director for GGV Hans Tung joined the company's board of directors.
PublicVine receives $5 mln investment
Nam Mokwunye's PublicVine, video marketplace startup allowing sellers and buyers alike to acquire videos has received $5 million funding round in time for the company to launch globally on June 6 this year.