Realtime Worlds, a Dundee, Scotland-based video game developer, announced that it has raised $50 million in Series B funding. We had previously noted the news, based on a TechCrunch report. Maverick Capital led the round, and was joined by return backers WPP and New Enterprise Associates. Montgomery & Co. served as placement agent. […]
The Suzo-Happ Group, a portfolio company of Pfingsten Partners, has acquired Suzo Polska, a distributor of gaming equipment in Poland. No financial terms were disclosed. PRESS RELEASE Suzo-Happ Group acquired Suzo Polska Sp. z.o.o., located in Wysogotowo, Poland. Suzo Polska, a distributor of gaming equipment in Poland, will operate as part of Suzo International, the […]
North America Sports Media, a portfolio company of Pfingsten Partners, has acquired Dodds Athletic Tours, a provider of university sports tour development and marketing. No financial terms were disclosed. PRESS RELEASE North America Sports Media, Inc. (NASM), one of the nation's leading sports marketing, travel and hospitality companies, acquired Dodds Athletic Tours, the leading full […]
DigitalGlobe Inc., a Longmont, Colo.-based provider of commercial high-res earth imagery solutions, has filed for a $250 million IPO. It plans to trade on the NYSE under ticker symbol DGI, with Morgan Stanley and Lehman Brothers serving as co-lead underwriters. Investors include Ball Aerospace & Technologies Corp., Hitachi Ltd., Morgan Stanley and Telespazio SpA/Euimage […]
AOL has acquired Sphere, a San Francisco-based provider of contextual search tools that offers content to online publishers. No financial terms were disclosed. Sphere was founded in 2005, and has raised just over $4 million in VC funding from True Ventures, Trident Capital and Hearst Corp. Angels backers included Doug Mackenzie, David Mahoney, Kevin Compton, […]
Dubai International Capital, the international investment arm of Dubai Holding, and First Eastern Investment Group, a Hong Kong-based group headed by Victor Chu, announced on Monday that they have launched a US$1bn fund. Called China Dubai Capital, the fund will invest in Chinese companies, which “could create synergies with the UAE's economic growth and with […]
Chrysalis, the music group which sold its radio interests last year, has terminated discussions about the sale of the rest of the business. In early February, reports suggested that EMI, backed by private equity investor Terra Firma, as well as Warner and Sony were in a second round of bidding, with an offer predicted at […]
Wachovia Corporation said on Monday that it has launched an emergency $7bn fund raising to boost its capital position after it reported a $350m first quarter net loss. “We are taking appropriate and prudent actions to further enhance our capital position in response to unprecedented economic conditions,” said Ken Thompson, Wachovia's chairman and chief executive […]
CHEVY CHASE, Md. (AP) — CapitalSource is acquiring the retail banking operations of Fremont General, a move that will shore up and diversify its portfolio as credit markets tighten, the commercial lender said Monday. The deal gives CapitalSource access to the distressed California bank's 22 branches and $5.6 billion in deposits. CapitalSource will pay a […]
Move Networks Inc., an American Fork, Utah-based provider of video-over-IP solutions, has raised $46 million in Series C funding. Benchmark Capital led the round, and was joined by Cisco, Comcast Interactive Media, Televisa and return backers Hummer Winblad Venture Partners and Steamboat Ventures. PRESS RELEASE Move Networks, a leading provider of high definition online […]