California-based home automation startup August secured USD8 million in a Series A funding round to be used to manufacture the company's flagship smart lock product.
Sectors
LoneStar Heart raises USD2.4 million in Series C funding
California-based biomedical firm LoneStar Heart Inc raised almost USD2.4 million in a Series C financing round from unnamed venture investors, which would be used for the company's heart therapies for advanced heart failure patients.
Post Holdings Inc CEO raises Herbalife stake to 6.4%
Bill Stiritz, the Chief Executive Officer of Post Holdings Inc, raised his Herbalife stake to 6.4% from 5.3% and said he intends to hold discussions with Herbalife about possible strategies for financing.
Wellness startup ALOHA nabs USD4 million in seed funding
Food and healthy lifestyle startup ALOHA was backed by over USD4 million in seed capital for the launching of the company's core nutritional supplement products.
Russian Rosneft in talks to buy Morgan Stanley's oil trading unit
Russia's state-run oil firm Rosneft is looking to acquire Morgan Stanley's oil trading business for an unspecified amount. Morgan Stanley has been trying to sell or spin off the said business unit over a year ago.
Latest News
After its July buyback of shares held by Third Point, Yahoo! Inc has increased its share buyback authorization by USD 5 billion. The company also aims to offer convertible notes worth USD 1 billion.
US-based telecommunications giant CenturyLink acquired enterprise cloud service provider Tier 3 in a deal that improved the combined company's speed, security level, and product offerings.
Salesforce.com Inc said acquisitions help increase the company's sales in the third quarter. Salesforce posted third quarter revenues of USD 1.08 billion, which represented a 35% increase compared to figures from the previous year.
Dianping's co-founder Edward Long recently revealed at the TechCrunch/Technode event in Shanghai that it rejected an acquisition offer of less than USD100 million from Google China.
Indian textile company Arvind Mills Ltd. would reportedly acquire a 49% stake in designer jeans brand Calvin Klein in India. As a result of the possible deal, Arvind would be inducted as Phillips-Van Heusen's new joint venture partner in the fashion house.
Nedbank Group, headed by Chief Executive Officer Mike Brown, said it plans to use its option to acquire a stake in Togo-based Ecobank Transnational Inc valued at more than USD 500 million.
Canada-based finance company FinanceIt raised USD13 million in a Series A funding round to be used for the expansion of its services to the United States.
Deutsche Telekom is nearing an agreement to sell 70% of its stake in German online-classifieds business Scout24 holding. It will be sold to private equity firm Hellman & Friedman in a deal that would value the business at EUR2 billion.
Massachussetts-based TV advertising platform Clypd raised USD7.2 million in Series A-1 funding from Atlas Ventures, Freestyle Capital, Boston Seed Capital, and angel investors John Battelle and Brightcove.
