Toyota Tshuho has bid $470m for a 51% stake in the Malaysia-based Kian Joo Can Factory, but looks set to be seen off by an existing bidder with links to the business.
Author: Robert Lavine
Weibo posts plans for $500m IPO
Weibo has become the latest Chinese company to tap the US public markets, targeting $500 million from its initial public offering, and plans to leverage its partnership with minority shareholder Alibaba to maxmise advertising revenue.
Total and BASF to exit NanoH20 in $200m acquisition
Chemical company LG Chem is set to buy the US-based desalination membrane producer in a $200m deal that will provide exits for BASF and Total.
Microsoft and Espirito Santo launch $128m Brazilian startup fund
Microsoft Ventures and Espirito Santo Ventures will be joined by another corporate venturing unit, Qualcomm Ventures, and will seek to secure up to BRL 300m ($127.8m) for the fund.
Persimmon Technologies closes $14m ABB-backed series B round
ABB Technology Ventures joined Persimmon’s existing investors Intel Capital and Nidec Sankyo and helped the industrial technology producer to complete a $14m series B.
Castlight raises healthy $204m from IPO
Cleveland Clinic-backed healthcare services analytics provider Castlight Health has closed a $204.24m initial public offering
Yahoo eyes $15bn treasure from Alibaba IPO
Internet company Yahoo to sell a stake of up to 10% in Alibaba, China’s largest e-commerce company, in what will likely be the largest IPO in the US since Facebook.
A potential route to riches
Bloomberg Ventures founder Lex Fenwick’s appointment as Dow Jones chief executive illustrates the potential of the industry as a springboard.
Dropbox sails into Cove.
Online collaboration and communication startup Cove, as well as its ex-Facebook founders, has been absorbed into cloud-based file sharing firm Dropbox.
Qyuki finds collaborator in Cisco
Cisco has invested $5.5m in the creative-led startup, which will enable users to collaborate on creative projects online.
Wuhan Kindstar enjoys series C results
The diagnostic testing company has pulled in $20m from investors including medical research group the Mayo Clinic.
Appcelerator speeds up financing
The eBay and Red Hat-backed web development company has reportedly closed a $16m round, three months after pulling in $15m in funding.
Duo Security the authentic deal for Google
US-based authentication-as-a-service provider Duo Security raised $5m in series B financing on Tuesday from corporate venturing unit Google Ventures, and venture capital firms True Ventures and Resonant Venture Partners. True and Resonant come into the round as existing investors, having previously funded Duo’s $1m series A round in August 2010. Duo provides a service that… Continue reading Duo Security the authentic deal for Google
Tokyo Electron chips in to Luxtera funding
The fabless chip technology developer has closed a series C round featuring Tokyo Electron, a company which produces its own semiconductor equipment.