Game developer Elex has been acquired by Chinese Universe Publishing and Media, allowing Tencent and Innovation Works to exit.

The retail chain's incubator subsidiary has made the shopping app its 13th acquisition in just three years.

Cisco is buying network automation software producer Tail-F in a $175m deal that will provide an exit to SEB Venture Capital, which led its series A and B rounds.

Gadling was originally acquired by AOL as part of its $25m purchase of Weblogs in 2005.

The Norwest-backed satellite imaging and video company is set to be acquired by Google, which will use the technology in its map services.

Alibaba has claimed its purchase of the mobile software provider, in which it held a 66% share, is China's largest ever internet merger.

The acquisition of the augmented reality technology company secured an exit for Intel Capital, which invested $14m in Layar in 2010.

The mobile app advertising startup was bought by Twitter for sum reported as "around $50m", giving Google Ventures an exit just over a year after its seed investment.

Cozi has been acquired by media corporation Time for an undisclosed sum, allowing Ganett, which invested in 2008, to exit the company.

The corporate-backed fund has profitably divested stakes in transmission electron microscopy company Kontem and LED lighting product maker LEDexchange.