VENTURE CAPITAL POST

Three banks have offered a bridge loan for the acquisition of Singapore's Overseas-Chinese Banking Corp Ltd. over Wing Hang Bank, reported Reuters citing sources familiar with the matter.

American e-commerce giant Amazon.com rumors that it was planning to launch a free and ad-supported TV and music streaming service, after rumors about the supposed free service spread ahead of a scheduled New York conference.

London, UK-based gaming firm King priced its shares at $22.50 for its initial public offering (IPO) in New York, US, which values that company at over $7 billion.

Palo Alto, US-based late-stage investment firm Technology Crossover Ventures (TCV) raised $2.23 billion for its eighth growth equity fund from European and Asian private and public pension funds, financial institutions and other investors.

US-based investment firms Benchmark Capital, Fortress Investment Group, and Ribbit Capital are buying a stake in Pantera Capital's Bitcoin fund called Pantera Bitcoin and committed to conduct virtual currency transactions through Pantera.

Washington, US-based private equity firm Emerging Capital Partners (ECP) is acquiring a 33% interest in Algeria-based PepsiCo Inc bottler Atlas Bottling Corp for an undisclosed amount as part of an expansion plan.

New York, US-based news website Business Insider raised $12 million in a funding round led by Amazon chief Jeff Bezos for the expansion of its workforce and subscription service.

Texas, US-based electronics retail franchise chain RadioShack announced the closure of 1,100 out of its 4,000 stores across the US in a bid to save the company after a massive revenue loss over the holidays.

San Luis Obispo, US-based health and wellness software firm Mindbody picked up $50 million in a funding round led by W Capital Partners to boost its web and mobile offerings for health clubs and yoga studios.

With Bitcoin encountering a series of problems lately, including withdrawal halting of exchanges, a $2.7 million heist, and a flaw in the Bitcoin protocol, speculations abound that the Bitcoin is coming to an end soon.

India-based music streaming service Gaana.com added independent music portal Musicfellas.com for an undisclosed amount, with the latter's site to be shut down and its catalogue to be moved to Gaana.

Kolkata, India-based public sector enterprise Balmer Lawrie & Co Ltd bought Mumbai-based travel venture Vacations Exotica including its employees and customers from Vacations Exotica Destinations Pvt Ltd for an undisclosed sum.

Tokyo, Japan-based incubator and investment firm Netprice.com Inc is planning to invest $500,000 to $4 million in three or four mobile and web startups in India this year, according to The Economic Times.

Facebook is looking to steal the "second screen" crown from Twitter as the two social giant networks scramble to offer the best coverage of the National Football League (NFL) teams' clashes in the Super Bowl XLVIII.

Russian Internet giant Yandex has invested an unconfirmed amount to acquire logistics provider Multiship to provide an easier way of delivering goods to the customers of Yandex's e-commerce platform.