Search engine giant Google snaps up venture-backed Invite Media

Corporate-backed Motricity revises Nasdaq listing plans

US-listed energy services company Smith International has acquired the remaining shares in @Balance from fund manager Kenda Capital.

Nasdaq-listed peer Tessera Technologies has bought Siimpel, a technology company backed by multiple corporate venturing units, for $15m.

US-based media company ActiveVideo Networks, which is backed by multiple strategic investors, has acquired peer TAG Networks.

GoTV Networks, a US-based media company for mobile phones backed by two strategic investors, has bought application-development business of Hands-On Mobile.

Nasdaq-listed Corporate Executive Board has agreed to buy US-based consumer research and advisory company Iconoculture from its corporate venturing owner.

Nasdaq-listed Harmonic has agreed to buy data storage provider Omneon for $274m and give a windfall to its corporate venture backer after failing to float.

Strong corporate backing for Israel and US-based computer processor company Wintegra is expected to lead to its flotation at the second time of asking.

The decision by German conglomerate Linde and chip maker Intel to give up majority control of some of their assets has been rewarded.