Minute Media has purchased the sports blogging and media platform for an undisclosed amount, allowing Gannett to exit.

Converge is now affiliated to all 18 Scottish universities, offering a prize fund of $305,000 through four competition-orientated programs.

Star India and Star US have injected $153m into Hotstar, a video streaming subsidiary of the former that is set to debut its first slate of original programming this month.

Media group Vice, backed by various corporates, is looking to raise a $200m in equity and debt financing, after laying off 10% of its employees

Each Friday the Global Corporate Venturing Deal Net rounds up the week’s smaller deals and tracks the emerging companies accessing corporate funds.

WPP-backed marketing organisation software provider Percolate has taken in $32m in a round featuring GGV Capital, Sequoia Capital, Lightspeed Venture Partners and Capital IP.

Media group Vice, backed by 21st Century Fox, A&E Networks, Walt Disney and WPP, is seeking $200m in a mix of equity and debt financing a week after laying off a tenth of its staff.

The film and TV studio, backed by Tencent, PCCW, Liberty Media and Madison Wells, has secured at least $100m in equity funding as part of a $700m equity and debt round.

Gree's venture capital affiliate has secured $20m from undisclosed strategic investors for a second fund, following an $18.3m vehicle last year.

The LeCloud and Qihoo 360-backed online video streaming platform will reportedly file for bankruptcy after failing to raise new financing.