Dec 21 (Reuters) - Chinese low-end smartphone maker Xiaomi has received $90 million in B-round venture capital funding from investors such as IDG Capital, Temasek Holdings and Qualcomm Inc, the 21st Century Business Herald reported on Wednesday.
1 min read · 21 December 2011
West Coast private equity firm Industrial Growth Partners completed the sale of Seaboard International to the Weir Group PLC for $675 million on Dec. 14, the firm announced. IGP initially acquired the wellhead solutions provider in 2007.
2 min read · 21 December 2011
Reuters Chats with master of shorts David Einhorn No Deal! Providence-Kabel BW deal over Settling Up: Platinum settles a suit from 07 deal You AGAIN? Palin may jump back into the race Hell Hath No Fury: Women march on Cairo Why Mark Suster is still bullish on the Web
1 min read · 21 December 2011
Dell to Venture back into the VC scene More IPOs: This time, it’s Khosla-backed Coskata Oh, No, Newt! Gingrich’s Iowa tumble Is This how the cookie crumbles? How’d South Korea go so long without hearing of its neighbor’s leader’s death? Say it With Me: Founders Fund funds PharmacoFore Awful Lot of folks out there can’t tell the difference between Kim Jong Il and Lil Kim
1 min read · 20 December 2011
Appconomy Inc. closed a $10 million Series A round, with Qiming Ventures leading the round, and Neusoft Corp., a strategic investor, also becoming a significant minority shareholder. Additional investors include Western Technology Investment and True Ventures.
3 min read · 19 December 2011
The New York Times Co. will likely deal 16 regional papers to Halifax Media Holdings, the company reported in a press release. Most of the publications are based in the US Southeast. Specifics on the transaction were not revealed; the Times recently announced its CEO will step down at the end of 2011, but the paper has not yet announced a replacement.
2 min read · 19 December 2011
So, who’s tops in the East Coast VC debate? Beantown took the hardware this time. By a pretty sizeable margin, in fact, Boston legged out New York in peHUB’s weekly poll. On Thursday, we asked: Which of the two cities reigns supreme as the capital of East Coast VC? Nearly 59%, of respondents picked our neighbors to the north while only 41.5% chose New York. The responses, however, foreshadow that the Big Apple could one day...
1 min read · 19 December 2011
International and San Francisco-based venture capital firm Partech International announced the first close of €100M ($135M) for its sixth fund. The VC firm, which also has European operations, did not specify a target for its fund.
3 min read · 19 December 2011
A Harde Goodbye: Heather’s out at Techcrunch So Let’s Rev Up the Arianna/Mike hype machine!!! For the Gipper? Rudy’s film story has a sad epilogue They’re Back! Corporate VCs NanoH20 is working on a big round Why Aetna struck Healthagen deal More 2012 predictions! Will the Internet kill your alma mater? Exxon’s thinking big deal Hellman Co-founder Dies at 77: Financial world mourns philanthropist From Russia With Love: Moscow-born industrialist backs drug therapy VC fund Up and Coming: Who is on the radar for 2012? Yes, Your Majesty: Twitter attracts royalty More Money, More Money: US to accept Basel accords
1 min read · 19 December 2011
Time Already? For best of ’11 stuff! NYC’s Missed Connections: Singles the numbers NYT to Robinson: Don’t let the doorknob hit ya where the good lord split ya! But Then Who Will Squawk? If Sorkin returns to NYT as da boss? Remember the Defective Drywall? Well now there’s a settlement Swing and a Miss: And, a mushroom cloud, for RIM…
1 min read · 16 December 2011
