Softbank owns 39.6% of RenRen after buying more than a third of the company in 2008's series D round for $415m and will be diluted to 34.2% after the initial public offering.

Private equity firm Symphony Technology Group has acquired a majority ownership interest in ImpactRx, leaving Merck Capital Ventures, the corporate venturing unit of US-based drugs group Merck, a shareholder.

TGS will pay $45m initially and up to $35m in performance fees for Stingray Geophysical.

publisher International Data Group's China-based corporate venturing unit floats Qihoo 360 Technology with first day pop and raises two funds.

News provider VentureWire said RPO's bankruptcy filing came after a potential customer pulled out of an order.

Sequans will offer 9.17 million American Depositary Shares (ADSs), representing an ordinary share and being sold for $11 to $13 each.

21Vianet plans to issue 11.5 million American depositary shares (ADSs), each representing six class A ordinary shares, according to its regulatory filing.

Intelect Medical is developing technologies for deep brain stimulation (DBS) therapy and Boston Scientific (BoSci) values the target at $78m.

Two German corporate venturing units, eVenture and T-Venture, which are sponsored by local retailer Otto Group and phone operator Deutsche Telekom respectively, had backed Kaufda, which is sold to Germany-based media group Axel Springer.

In 2008, Coca-Cola, led by its Venturing and Emerging Brands (VEB) unit, purchased a minority stake in Honest Tea, an organic bottled tea company, and it has now bought the rest.