Groupon reportedly shelves roadshow for flotation expected to value it at $20bn.

Innovation. It's in the DNA at Procter & Gamble (P&G), the world's largest fast-moving consumer goods (FMCG) company.

Yoon Choi departs Samsung's corporate venturing unit after eight years at the technology company to go to US semiconductor company Maxim.

The console manufacturer, previously backed by Qualcomm, is aiming to put out its forthcoming system next year and has attracted new financing in the run-up.

Liberty Media buys nearly a fifth of the US book shop chain, buying shares which yield a 7.75% annual dividend.

Venture capital firms Craton Equity Partners, Physic Ventures, RockPort Capital Partners and Venrock Associates provided the series D round for Gazelle.

Venture capital firm Jiu Zhou invested a further RMB100m ($13m) in Lihua after Legend Capital, the corporate venturing unit of China-based computer maker Legend, had invested more than $30m.

Online book company LibreDigital sells to RR Donnelley, bringing to an end 12 years of venture-backing.

The daily deals company has raised at least $150m for its consolidation attempt, which it began two years ago.