Yahoo shares rose 6% on the Nasdaq stock exchange after the New York Times said the internet company was aiming to cut its Alibaba stake to 15% from 43%.

Broadcom is reportedly in talks to add embedded processor developer Broadlight to its stable of acquisitions.

Social commerce company Lockerz has acquired travel services website Off & Away.

The vertical media company is searching for underwriters for an initial public offering, to take place in 2012.

The search engine company retains shares worth $216.2m in the games company, which reportedly priced its initial public offering at the top of its range. Japan-based Transcosmos is also in line for a circa four times return from its investment in the gaming company.

The Intel Capital-backed memory storage chip manufacturer is reportedly a potential target for Apple, with $400m to $500m being offered.

Social gaming website Zynga has reportedly covered its initial public offering, potentially bringing corporate venturing backers Google and Transcosmos nearer to a payment for the company.

Glasshouse Technologies withdraws its IPO, citing market conditions after receiving top-up financing from Citrix in July.