The deal would give AstraZeneca a majority stake of 55% and value the anti-cancer drug developer at approximately $7bn.

Tencent and Wanda-backed Weiying Technology and rival Gewara have agreed a merger that will create the second most popular online ticketing platform in China.

Alphabet and Sungy Mobile are among the investors that have exited mobile analytics startup Quettra, which had raised $2.9m in seed funding.

GV and Bertelsmann-backed connected kitchen appliance developer Orange Chef, which shut down last month, has been bought by Yummly.

Fuhu, the corporate-backed producer of computing hardware for children, has filed for Chapter 11 bankruptcy protection after raising $65m in funding.

Norwest Venture Partners has exited network virtualisation company Pertino, which had raised almost $29m in funding, through an acquisition by Cradlepoint.

The food delivery service has sold its Vietnam-based operation to competitor Vietnammm a week after announcing it had decided to exit the country.

Cytos Biotechnology and spinout Kuros Biosurgery come together to create Kuros Biosciences through a mutual exchange of shares to lead the way in tissue repair and regeneration.

Get Me a Shop, a graduate of Times Internet's incubator initiative, has now been acquired by the internet services provider for an undisclosed amount.