VENTURE CAPITAL POST

Harbert Management Corp announced that the interim closing of Harbert Power Fund V so far raised USD 200 million.

Startup company Slice received USD23 million in Series B funding from Japan's Rakuten, among others.

China Mobile gave initial 4G contracts worth CNY 20 billion or USD 3.2 billion to both Chinese and foreign companies.

TagMan scored USD 5 million in a funding round led by Greycroft Partners and iNovia Capital.

Geely Automobile Holdings announced it would start to offer cars it had developed with Volvo in 2015.

BHP Billiton finally makes a major investment after declaring last year that the mining company will not partake in any big expenditures.

Pharmaceuticals companies PharmAthene and Theraclone Sciences agreed to merge for expansion of drug research and development.

The possible merger of French company Publicis with Omnicom is expected to topple competitor WPP from the top spot.

The recent cyber attack on Regions Bank provides a new opportunity for venture capitalists.

"The Wolverine" is expected to "heal" Hollywood from big-budget losses.

Tomorrowland has become a global business venture dubbed as TomorrowWorld.

"The Wolverine" could still be "the best debut this summer."

The latest X-Men spinoff, "The Wolverine", was right on track with just US$2 million below estimates.

Plexus Holdings announced that they have acquired a UK engineering company to bolster its presence in the oil and gas industry.

Battery Ventures, Austin Ventures and The Valley Fund have all made their commitments to back-up the newly launched accelerator program, OpenIncubate.