A round up of all the latest news on www.globalcorporateventuring.com for our subscribers.
Facebook acquired the face recognition software developer, which spun out of Carnegie Mellon University last year, for an undisclosed sum.
The photo modification app owner had targeted a $5bn valuation for an initial public offering that would grant exits to Sina Weibo, Foxconn and IDG Capital Partners.
General Electric has purchased Bit Stew for $153m, providing an exit to its own corporate venturing unit GE Ventures as well as Cisco Investments.
Citrix-backed Wise.io is one of three companies GE has acquired this week in a bid to strengthen its Predix industrial internet platform.
The media group could be sold for between $500m and $1bn to a Chinese consortium headed by the founder of its Chinese venture capital affiliate.
Nereus Pharmaceuticals is set to record an exit from BeyondSpring, which is targeting $100m in its initial public offering.
The Chinese instalment buying platform is seeking between $500m and $800m in a US IPO that will provide exits to Kunlun Tech and Ant Financial.
The Snapchat operator has confidentially filed for an initial public offering that will allow Alibaba, Tencent and Yahoo to exit, and it will be valued at between $20bn and $25bn.
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