VENTURE CAPITAL POST

IPO candidate British game maker King revealed its Candy Crush Saga title has been downloaded over half a billion times and played over 150 billion times to date.

Vancouver-based Turquoise Hill Resources Ltd said it would go ahead with a USD2.4 billion rights offer for Mongolian copper mine Oyu Tolgoi after the company failed to secure long-term funding for the expansion of the mine.

Basel-based Novartis AG sold its California blood unit to Spain's Grifol's SA for USD1.68 billion.

UAE's Emirates Telecommunications Corp. (ETISALAT) would be the new owner of a portion of Vivendi SA's stake in Maroc Telecom SA.

Google announced that it will invest USD607 million to upgrade its seawater-cooled facility in Finland and convert it into a bigger data center.

China Resources, a state backed conglomerate, had been studying its options including a possible sale for its Hong Kong meat distribution unit, said a report from Bloomberg News.

According to a Bloomberg report, Blackstone Group LP's real estate unit would take over Netherlands-based Multi Corp.

Bloomberg LP said that it would appoint an ombudsman that would create a task force how news was derived from sources by each company journalist.

Billionaire Elon Musk would receive US$4.3 million in share-based pay for his recent work on Tesla's Model X sport-utility vehicle.

Tesla Motor Inc. rallied 14% after posting its second quarter earnings report which helped the fortune of Elon Musk to rocket by US$570 million yesterday.

Sony Corp.'s hedge for its PlayStation game enterprise has backfired as dollar costs rise.

BMC Software Inc raised US$1.63 billion of dollar denominated debt after boosting the offering by 18%.

Pearson denies plans to sell Financial Times.