The satellite internet system developer is having cashflow issues having previously secured more than $3.4bn from a consortium of corporates including SoftBank and Qualcomm.

Salesforce is set to exit cybersecurity software producer Checkmarx after Hellman & Friedman agreed to buy a majority share at a $1.15bn valuation.

North Wearables, the Intel and Amazon-backed AR glasses developer formerly known as Thalmic Labs, has raised $170m over eight years but could run out of cash within four months.

Alibaba Pictures is investing $56.5m for 60% of the Yinhekuyu's shareholding, its sister company Youku already having taken a 20% stake.

Smart recommendation platform developer LiftIgniter has been purchased by Maven after raising $8.3m from investors including NTT Docomo Ventures.

The Unilever and Lenovo-backed grocery delivery service has raised $28m but could reportedly be acquired at a valuation below $15m.

SingTel Innov8 has exited in-app advertising platform developer Pokkt through an acquisition by AdAsia owner AnyMind Group.

Shanghai Jin Jiang and Legend Capital could hypothetically lose out, after a letter from SoftBank raised doubts over an agreed $3bn share tender.

Point-of-sale system developer Bypass Mobile has been acquired for an undisclosed amount having raised at least $3.5m from backers including eBay and AEG.

Streaming service Tubi will be bought by Fox Corporation after raising a total of about $31m from investors including MGM and Lionsgate.