Google’s reported interest in discount coupon company Groupon ends even as it buys Widevine Technologies for its YouTube division.
Month: December 2010
AlwaysOn’s Venture Summit Silicon Valley, December 13-15 2010
AlwaysOn’s Venture Summit Silicon Valley in California, US, has panels including
Corporate Venture Capital 2.0: How Strategic Investors are Getting Smarter, and what that means for your fund.
Lashou raises $50m
News provider Mobinode said Rebate Network was part of a venture consortium backing China discount coupon provider Lashou.
Morgan Stanley prepares for CIC sale
Morgan Stanley paid $37m for a 34.3% stake in China International Capital that could realise more than $1bn a decade later.
Dentsu bounces into Jumptap deal
Dentsu’s Cyber Communications division will invest and partner with mobile advertising services company Jumptap.
Motorola calls into 4Home
US-based phone maker Motorola rather than phone operator Verizon agrees 4Home purchase.
PhaseBio draws down $15m
PhaseBio said the second slice of $15m from the B round followed the completion of drug milestones.
Transave agrees Insmed merger
Although Transave’s corporate and venture capital backers will own a minority, 46.7%, stake in the combined business with Insmed, its staff will take the senior jobs.
GE-backed OPower raises $50m
US-listed industrial conglomerate General Electric backed OPower from its $200m Ecomagination clean-tech corporate venturing fund and the firm has subsequently closed a $50m B round
BlueRun walks again on Payvment
Payvment provides an e-commerce platform for social network Facebook and raised $6m in its series B round from Sierra Ventures and BlueRun Ventures.
Xerox Parc seeds PowerCloud
The Palo Alto Research Center (Parc) said it would spin off and take a stake in PowerCloud Systems after two years of work by its former entrepreneur in residence and now executive president of PowerCloud, Jeff Abramowitz.
GSK sets aside £50m for UK deals
GlaxoSmithKline (GSK), a UK-listed drugs company, has set aside £50m ($78m) to launch a corporate venturing fund for the country’s early-stage healthcare companies and spin-outs from universities. The UK Venture Capital Fund will be part of GSK’s existing corporate venturing unit, SR One, and is similar in scope to semiconductor company Intel’s launch of regional… Continue reading GSK sets aside £50m for UK deals
Vostu raises $30m
Accel and Tiger invest in social games company Vostu, which had been backed by Intel Capital.
Chong joins Samsung
Jay Chong joins Samsung as corporate venturing investment director from Intel.