On Friday, investment bank Investec said that Bank of Queensland would acquire its Australian unit in a deal valued USD414 million, reported WSJ.

LightSquared Inc. confirmed that it would borrow from its lenders USD74 million as additional funding, reported Bloomberg.

According to a court filing yesterday, Nebula has taken in USD3.5 million worth of new debt financing from undisclosed investors, reported Venture Beat.

Startup founders have been looking highly at IPO stock market prices as a guideline towards success, said TechCrunch.

Apple Inc. refused to join Intellectual Ventures on a patent trolling operations, reported Gigaon. Apple Inc. has declined joining Intellectual Ventures (IV) for a patent trolling business.

Berlin, Germany-based digital toy maker Toywheel has launched its first app which integrates the physical world with the digital world to create an interactive playground for children.

Tel Aviv, Israel-based slideshow app Slidely bagged $7.3 million in a funding round led by Benson Oak Capital to beef up its mobile campaign and expand to the US.

San Francisco, US-based application programming interfaces (APIs) debugging and testing tool provider Runscope nabbed $6 million in its first funding round led by General Catalyst Partners to start selling its products.

Silicon Valley, US-based tech firm Tachyus landed $6 million in a venture round led by Founders Fund to expand its workforce and use data to optimize oil and gas production.

Giraffe Friend, a wearable device that reminds the user to correct bad posture to prevent backaches, launched a crowdfunding campaign on DemoHour and has already raised $14,000 (CNY87,527).