VENTURE CAPITAL POST

Patrick Rock, an advisor to UK Prime Minister David Cameron and one of the pioneers of the country's Internet filtering program, was arrested for allegedly possessing child pornography.

New York, US-based investment management firm Blackrock raised its stake in UK-based Internet media firm Blinkx to 13% amid allegations that the latter was using adware to boost its revenues.

London-based entrepreneur George Burgess secured $1 million (£604,000) in funding for the next project to develop a mobile app called Gojimo that helps high school students pass their exams.

Social media accounts and internet downloads should be considered part of a person's estate and be included in wills to be handed down as inheritance.

The UK government could sell off its remaining 33% stake in Lloyds Banking Group next year to complete the privatization of the lender, according to sources familiar with the process.

PA Group, the parent company of UK's national news agency Press Association, is to sell its weather unit MeteoGroup to private equity group General Atlantic in a deal valued at £160 million (€190 million).

Belfast-based scientific camera maker Andor Technology has finally agreed to a GBP176 million takeover bid from Oxford Instruments after five months of stalemate between the two firms.

UK-based mobile game maker King has delayed its initial public offering (IPO) until 2014 amid fears that its flagship game, Candy Crush Saga, is just a "one hit wonder," said UK-based newspaper.