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News round up 15 August 2016

A round up of all the latest news on www.globalcorporateventuring.com for our subscribers.

Aug 12, 2016

Intel finds Nervana in $408m deal

CME Group exited deep learning technology startup Nervana Systems, which had disclosed about $25m in VC funding, through the acquisition.

Aug 10, 2016

Naspers to squeeze out Citrus Pay acquisition

Mobile payment technology provider Citrus Pay is set to be bought for up to $180m in a cash deal that will allow e-commerce companies eContext and Beenos to exit.

Aug 8, 2016

Jet enters Wal-Mart's airspace in $3.3bn deal

Wal-Mart has closed the $3.3bn acquisition of e-commerce company Jet.com, providing exits to Alphabet and Alibaba in the process.

Aug 8, 2016

Pfizer eats up Bamboo

Pfizer invested in Bamboo in the first quarter and has agreed to pay up to $645m in total to acquire the company, depending on milestones.

Aug 6, 2016

News round up 08 August 2016

A round up of all the latest news on www.globalcorporateventuring.com for our subscribers.

Aug 5, 2016

Jet enters talks to land at Wal-Mart

Alibaba and Alphabet-backed e-commerce platform Jet, which raised money at a $1bn valuation in November, could be acquired by Wal-Mart for up to $3bn.

Aug 4, 2016

Cheetah Mobile curates News Republic acquisition

Intel Capital-backed News Republic has been acquired by Cheetah Mobile for $57m, after raising about $9m from backers also including Xange Private Equity and Creathor Venture.

Aug 3, 2016

Salesforce to cement $360m SteelBrick acquisition

SteelBrick had raised almost $78m in less than three years from investors including Salesforce Ventures, whose parent company has now bought the company.

Aug 2, 2016
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