“The first step in winning the future is encouraging American innovation.”
Month: January 2011
PT calls out for Oi
Portugal Telecom has agreed to acquire a 22.4% stake in Brazilian telecom company Oi, for about $5bn in cash.
Reliance and IL&FS back Jhajjar
Jhajjar region to gain model town from Reliance Ventures Limited and Infrastructure Leasing and Financial Services.
Leaf drops for Huawei investigation
The Committee on Foreign Investment in the United States (CFIUS) is scrutinizing Huawei’s deal for server technology firm 3Leaf, which the Chinese telecom gear maker completed in May, for US national security implications, according to newswire Reuters.
Five US hospital groups raise fund
Community Health, LifePoint Hospitals, Vanguard Health Systems, Iowa Health System and Trinity Health, which in aggregate have more than 400 hospitals, will provide the $10m to corporate venturing fund, according to news provider The Tennessean.
Fluidigm reveals details on flotation
Fluidigm will offer 5.17 million common shares when it floats on the Nasdaq stock exchange at between $13.50 and $15.50 per share.
SpectraLinear sees path to Silicon Labs
Silicon Laboratories, a Nasdaq-listed computer circuit parts maker, acquires SpectraLinear
Ligand buys CyDex Pharmaceuticals
Ligand will pay $31.2m of cash on top of the $800,000 of net cash in CyDex and a further $4.3m in 12 months time as well as undisclosed performance fees.
Lockerz closes on Plixi
Kathy Savitt, founder and chief executive of Lockerz, said: “The acquisition [of Plixi] enables Lockerz to offer its millions of members the most social and easy-to-use photo sharing experience, as well as introduce millions of Plixi customers to Lockerz’ interactive, engaging and rewarding site features, including e-commerce, music, and videos.”
Smaato gains $7m in funding
EDBI of Singapore led the series C round for Smaato. Aeris had led the company’s $4.5m series B round in December 2009.
SAP Ventures comes On Deck
On Deck Capital, a US-based online fundraising platform for small companies, has raised $15m in its series C round, led by SAP Ventures.
GM backs Envia Systems
Japan-based manufacturers Asahi Kasei and Asahi Glass and Envia’s existing venture capital firms, Bay Partners, Redpoint Ventures and Panagea Ventures provided $10m to Envia Systems, with GM Ventures another $7m.
Google reportedly invests in Clean Power
Venture capital firm Kleiner Perkins Caufield & Byers and Google Ventures reportedly invest in Clean Power Finance.
Medtronic reads PhysioSonics deal image
News provider Xconomy said angel investor Kirby Cramer was also part of the B round alongside Medtronic.