Monsanto acquires Duke University spin-out GrassRoots Biotechnology for undisclosed amount.

Tsinghua University offers $1.3bn in a takeover bid of smartphone chipset manufacturer Spreadtrum.

Naspers and Tencent-backed Ibibo has acquired India-based RedBus, an online bus ticketing service, in a deal valued in the region of a reported $135m. The deal also marks an exit route for RedBus backers.

Satellite manufacturer Sunspace accepts R55m ($5.4m) rescue deal which will see it absorbed by defence equipment firm Denel.

The corporate venturing unit of US-based semiconductor company Qualcomm was one of the early backers of the company, which news provider Reuters said had been sold for $1.3bn, although terms were undisclosed.

SAP Ventures' recently listed investee company JustDial closes 22% above issue price.

In November, SoftLayer expanded its incubator support program into Canada.

Biopharmaceutical firm Okairos is acquired by GlaxoSmithKline for $325m.