The Foxconn and TCL-backed hotel electronics producer is reportedly set to shut down today, less than a year after targeting funding at a $1.5bn valuation.

Enterprise sustainability software developer Thinkstep has been bought by risk management consultancy Sphera after raising more than $23m from investors including Siemens.

Telstra Ventures looks set to exit Stanford spinout Uhana in an an acquisition of undisclosed size by VMware.

The data security technology developer has been purchased by Microsoft after raising at least $26m from investors including Bloomberg Beta.

Microsoft has bought big data access control software developer BlueTalon, which had raised approximately $26m from investors including Stanford-StartX Fund.

Telstra Ventures looks set to exit network optimisation software developer Uhana in an an acquisition of undisclosed size by VMware.

Kinectrics has bought University of Surrey's Gnosys Global in a bid to extend its global presence and unlock the potential of a combined product portfolio.

Woodford Investment Management has reduced its holding in Mercia Asset Management amid reports its Patient Capital Trust could move to replace Neil Woodford as manager.

Vice Media is in negotiations to buy Refinery29, which has raised about $125m in equity funding from investors including WarnerMedia, WPP and Scripps Networks Interactive.

WarnerMedia, Bertelsmann and SpotX are set to exit the video distribution technology producer, which has agreed to be acquired by Frankly.