US-based venture capital firm Andreessen Horowitz to raise new $1.5B fund -Primack

California, US-based venture capital firm Andreessen Horowitz is in the process of raising $1.5 billion for its new fund, according to Fortune LP whisperer Dan Primack.

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Internet entrepreneur Niklas Zennström says great companies can come from anywhere

For venture capital firm Atomico founder Niklas Zennström , Silicon Valley is not the only technology hub where great firms can come from. He says they can come from anywhere.

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Syrian Electronic Army claims credit for hacking social media accounts of Skype

The hacker group who called themselves the Syrian Electronic Army said they were the ones that attacked the social media accounts of Microsofit-owned Internet calling service Skype, Reuters reported.

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Venture capitalist Tim Draper proposes to break up California into six states

Tim Draper, the billionaire whose venture capital firm has invested in Skype and Baidu, has proposed to divide California into six mini-states, the Financial Times reported.

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Fitness startup Retrofit raises $5M in Series B funding round

Retrofit, a fitness company whose clients include Google, and American Medical Association, has raised $5 million in a Series B funding round lead by Cambia Health Solutions.

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Top deals of the day - bids, mergers and acquisitions

The following bids, mergers, acquisitions and disposals were reported on Wednesday, including Fortum, National Vision, Saipem, CTT, MTS, Southern Pacific, Warrnambool, Verbund, Bakkafrost, Popular and Marathon Oil.

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Microsoft wins in court decision over Cisco challenging Skype takeover

The Luxembourg-based General Court declared on Wednesday that Cisco's antitrust concerns regarding Microsoft Corp's takeover of the largest Internet video and voice messaging provider Skype was unfounded.

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Private messaging app Wickr redesigns amid fundraising

California-based private messaging app Wickr had redesigned and is in the middle of a USD7.4 million fundraising, according to a document filed with the Securities and Exchange Commission (SEC) today.

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Nordic start-ups follow Skype with low-cost calls

Europe's traditional phone companies are about to face more competition from a group of Nordic start-ups that will offer low-cost mobile calls and other services.

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