FremantleMedia has agreed to buy a further 51% stake in Ludia, a Canada-based developer and publisher of interactive games, to own 80% after its corporate venturing unit had taken a minority stake last year.
Month: October 2010
Steamboat pulls into Gridsum
Steamboat Ventures, the corporate venturing unit of New York-listed media group Walt Disney, leads series A round for Gridsum Technology.
Ligocki joins Next car company
Kathleen Ligocki, previous head of Tower, GS and Ford, has taken the top job at Next Autoworks.
Omnivore Capital grazes on latest hire
Jinesh Shah joins Godrej’s Omnivore Capital corporate venturing fund.
Nexidia gains BlueCross stamp of health
BlueCross BlueShield Venture Partners, a $116m corporate venturing fund sponsored by the Blue Cross and Blue Shield Association managed by venture capital and incubation firm Sandbox Industries, invests in Nexidia’s $23m round as a new investor.
Europe prepares to simplify flotations
Simplification will affect the rules, information requirements and indexes of floating companies on regulated and alternative markets.
German seed fund gains corporate support
Corporate venturing has played a "very active" role in helping develop nascent German businesses seeded by the state’s early stage fund. Alexander von Frankenberg, managing director of High-Tech Gründerfonds, said companies had provided more than a fifth of the €250m in follow-on funding to the 205 companies it had seeded over the previous five year.… Continue reading German seed fund gains corporate support
EIF prepares for class expansion
Europe’s largest fund of venture capital funds prepares for asset class expansion.
Zennström reveals entrepreneurial challenges
Niklas Zennström, co-founder of internet phone company Skype, said there were plenty of revenue growth left in the business as he identified market timing as instrumental behind why only one of the three market changing businesses he has launched have had commercial success. At a keynote address at the European Private Equity and Venture Capital… Continue reading Zennström reveals entrepreneurial challenges
Google prepares for ‘slow’ venture
Good Energies, Google and Marubeni invest in the Atlantic Wind Connection, while the search engine group prepares to take its time with Google Ventures’ international expansion
The UK’s new Business Growth Fund
In July, six of the UK’s largest banks joined forces with the British Bankers’ Association (BBA) to form the Business Finance Task Force. The Task Force – consisting of Barclays, HSBC, Lloyds Banking Group, Royal Bank of Scotland, Santander and Standard Chartered – was set up to examine how banks can do more to help… Continue reading The UK’s new Business Growth Fund
Ngmoco plays its way into DeNA’s hands
DeNA will pay $300m initially and up to another $100m in performance fees by the end of next year to buy Google-backed Ngmoco.
VCs fear ‘permanent’ change
Data from third quarter reveals trends as DLA Piper survey catches the mood.
Burrill goes far to strike Infinity venture
Burrill and Infinity to co-invest as equal partners in US dollar and RMB investments in China.