Rhapsody will acquire its iconic competitor Napster from Best Buy with the tech retailer taking shares in Rhapsody as part of the deal.

Wattbox's technology detects when homeowners are away through a smart meter and automatically adjusts the heating controls leading to a 15% decrease in energy and hot water costs.

Nasdaq-listed solar panel producer Canadian Solar bought SpectraWatt after it filed for Chapter 11 bankruptcy in August.

Inge's investors included Siemens Venture Capital, the corporate venturing unit of local conglomerate Siemens, and venture capital firms BayTech Venture Capital, Emerald Technology Ventures, Entrepreneurs Fund, Stone Fund and Taprogge.

Olivier Glauser, a venture partner and managing director of Steamboat Ventures in China, has left to join a start-up while the corporate venturing unit has separately sold 56.com to Renren.

The purchase price comprises $1.1m in cash and about 5.3 million shares of Wave's common stock valued at $2.21 each.

The joint venture between battery maker Duracell and Powermat is expected to start next year after P&G took an equity stake.

BlueArc, which was slated to raise $100m in a float, sells to Hitachi, at a valuation reportedly approaching $600m.

Business software company Nimbus sells to Tibco, after it was backed by Chevron and Solon in 2009.

Siemens was an investor in the recently sold China Traffic Holdings, reportedly alongside Boomtown Investments, GP Investment and Founder Holdco.