VENTURE CAPITAL POST

JC Penney Co Inc CEO Mike Ullman told Reuters exclusively that the company is planning to dispose and trim some of its top name brands like Joe Fresh clothes and its own jcp menswear in order to focus on brands that generate more sales for the company.

A joint announcement today revealed that digital wallet platform Lemon will be merging with Identity theft protection service LifeLock in a $42.6 million transaction, which also resulted to a modified digital wallet service platform.

The National Stock Exchange data revealed Heineken International BV today increased its shareholder interest in India's United Breweries for USD45.8 million or INR2.8 billion.

Dailymotion's acquisition of Jilion was said to be because of the opportunities SublimeVideo's cutting-edge HTML5 video technology platform could provide to the French video-sharing site.

Volvo AB has entered into a definitive agreement to divest its construction-equipment rental business Volvo Rents to Platinum Equity in a SEK7.2 billion or USD1.1 billion debt sale deal.

Sources noted that Nokia Oyj is in danger of finding a new buyer for its mobile handset business if it failed to lift the freeze on its Indian assets to be able to transfer them to Microsoft as part of its acquisition agreement.

A press release from Verizon Communications Inc read that it has acquired content delivery network EdgeCast to be consolidated to its Verizon Digital Media Services at an undisclosed amount.

Dairy products company WhiteWave Foods is set to acquire organic food producer Earthbound Farm from its existing shareholders including founders Drew and Myra Goodman and Kainos Capital for USD600 million.

Switzerland's third largest wealth manager Julius Baer Group Ltd said it has already acquired the Middle Eastern wealth management units of Merrill Lynch located in Lebanon, Bahrain and the United Arab Emirates.

Shares of Israel-based Given Imaging got a boost after news broke that Dublin, Ireland-based Covidien would be buying the firm's outstanding shares at a premium.

A Business Insider report cited multiple sources who provided a background story on why Yahoo Inc was not keen to acquire the company of mobile app Ptch, and why DWI Investments were not happy with the outcome of the deal.

Granules India, a pharmaceutical manufacturer in India, secured the approval of its shareholders regarding its planned merger of Active Pharmaceutical Ingredients (APIs) manufacturer Auctus Pharma.

Formosa International Hotels chairman Steven Pan Si-liang is not daunted to the task of expanding the Regent Hotel brand to saturated Hong Kong and China markets, as evident in a recent interview by the South China Morning Post.

STI, a developer and provider of education data management solutions, announced its acquisition of education app store Chalkable, of which the latter was rumored to be acquired for USD10 million.

The CAC Group, one of the leading commercial real estate services firms in San Francisco, was acquired by CBRE Group, Inc. CBRE Group, Inc's statement did not disclose financial details regarding the transaction.