VENTURE CAPITAL POST

Technology-focused private equity firm Silver Lake Management LLC will raise a USD1 billion fund to be invested in mid-sized companies. The firm's Silver Lake Sumeru LP unit will run the new fund.

An Apple Inc. spokeswoman has confirmed that the Cupertino-based tech giant will acquire Israel's PrimeSense Ltd. for USD350 million. The PrimeSense deal is the latest in Apple's acquisition of less well-known companies.

According to a report written in Hebrew at Calcalist, Apple acquired the company that helped develop the original Kinect of Microsoft for USD345 million.

Samsung Electronics Co's newest smartphone would be equipped with a three-sided display that would allow users to view their messages or phone content at various angles, said sources who were familiar with the company plans.

Apple Inc was not a stranger to claims by foreign governments who insisted that the Cupertino, California-based company had used specific accounting practices in order to avoid paying hefty taxes.

Should Apple Inc's patent technology for its potential iWatch be successful, RBC capital markets analyst Amit Daryanani said revenue coming from the iWatch could add another USD9 billion to the tech giant's revenues.

Samsung Electronics Co announced its plans in making more strategic acquisitions offshore.

Apple Inc had lost its Vice President of Engineering for the iOS in Frenchman Henri Lamiraux as he confirmed his retirement in a 9to5Mac report.

On Reuters Instant View, analysts gave their take on Apple's disappointing quarterly sales.

A VentureBeat report indicated that a DIY repair on the new iPad Air would be more disastrous due to its thin and lightweight specifications.

A patent filing by Apple Inc with the United States Patent and Trademark Office revealed that the tech company would be working on a technology to allow solar energy to charge its mobile devices.

Apple would be adding public transit directions in its Maps software soon.

Tablet and mobile maker hired Ashton Kutcher to provide design and marketing inputs in attempt to steal away Apple consumers.

General Growth Properties bought a 50% stake in urban stores in San Francisco for USD 82 million.

Apple Inc's iPhone 5C had yet to challenge the dominance of Samsung Electronics and other companies using Google Inc's Android software in the cheaper smartphone market.