PayPal shuts down backend-as-a-service provider StackMob just two months after acquisition

PayPal is shuttering the doors of backend-as-a-service provider StackMob two months after it was purchased. StackMob's clients have until March 31 to transfer their data, VentureBeat reported.

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Demise of Blockbuster UK looms

Moorfields Corporate Recovery, the administrator for Blockbuster UK, said the video rental company is doomed to close after efforts to find a buyer had failed, a Bloomberg report said.

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Carlyle Group announces the closure of a collateralized loan obligation worth USD517 million

The Carlyle Group announced the closure of the latest collateralized loan obligation, which is the company's way of investing into the market through global market strategies and solutions, real assets and corporate private equity.

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Solicore announces closure of Series A funding round

Solicore announced the first closure of its preferred shares A1 financing round with the participation of both new and existing investors to raise USD4 million in funding.

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India's Kedaara Capital closes USD540 million for first time fund

The maiden fund of India's Kedaara Capital had reached a total amount of USD540 million.

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Surefire Medical closes Series B funding round

After raising USD 18.2 million, Surefire Medical announced the completion of its Series B funding.

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Woolworths closes Nigerian stores

Due to high costs of operations and low returns, Woolworths opts to close down stores in Nigeria.

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METRIX Capital Group closes latest funding round

METRIX Capital Group closed its latest funding round at USD5 million in pledged amounts for its alternative loan program.

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PurThread Technologies closed latest funding round

PurThread Technologies raised USD7 million for its latest equity funding round.

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Jessop & Co seek closure approval from West Bengali government

Pawan K Ruia owned Jessop & Co seeking approval of its decision to close its operations.

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France's Aulnay plant closes shop

Like a death in the family, union members of PSA Peugeot Citroen factory located in Aulnay, France mourn the closure of the 40 year old plan.

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Atlantic-Pacific Capital closes Catalyst Fund IV

The fund, projected to be between USD500 million and USD750 million, was closed by the firm at USD812 million worth of capital commitments.

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Barclays to close wealth management services

In a bid to reduce complexity and increase profits, Barclays is shutting down its wealth management services in 130 countries.

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RainDance Technologies closes debt financing for Capital Royalty

Raindance Technologies announced the closing of a USD35 million structured debt financing plans.

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Pure Storage closes record setting funding round

Pure Storage was able to raise USD150 million in its latest funding round for its operational expansion in the data storage market.

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