Phytelligence has lost its legal case with Washington State University, leaving the board with no option but to close its crop cultivation business.

Tencent and Ookbee are both selling shares in their online literature joint venture, with China Literature subsidiary Cloudary investing $10.5m.

Sinch is paying $20.4m upfront for the message-based marketing platform, six years after ABC Systèmes et Formation acquired a 25% stake.

A+E Networks has exited online television portal TVPlayer, three years after leading a $6.4m round for the UK-based company.

Financial services-focused contextual search platform Selerity has been purchased after raising more than $12.3m in equity funding from investors including Citi.

Comcast NBCUniversal and Grace Beauty scored exits as Peloton Interactive floated at the top of its range to raise $1.16bn, getting a further $100m in a private placement.

Aprea Therapeutics, a Karolinska Institute spinout, is set to raise as much as $92m from an offering that would bank Karolinska Development a return of up to $8m.

Woodford’s stake in IP Group is being sold at a 13% discount on market trading as its suspended Equity Income fund sharply pivots to FTSE 100 investments.

Allied Minds will collect $65.6m for its 58% stake in data analytics satellite operator HawkEye 360, which it founded on the back of Virginia Tech research.

CyberAgent, Marui, Mercari and Money Forward are all in line for exits after e-commerce technology provider Base received approval for its initial public offering.