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TechCrunch Moscow, 8-9 December — Take The Temperature Of Russia’s Tech Scene

TechCrunch International City events are 1-2 day meetups hosted by TechCrunch in coordination with partners. Coming up this December will be TechCrunch Moscow. Since the first TechCrunch Moscow in 2010, the event has gained a great reputation, creating a major splash in the up-and-coming Russian venture industry. It will feature some of the world’s leading […]

Washington DC

Applications open for US-Russia Innovation Corridor

American Councils for International Education announces the opening of the winter 2014 application season for the US-Russia Innovation Corridor (USRIC). University-based startups and entrepreneurs leading innovative projects and interested in exploring collaborations and accessing incubation services and U.S. networks in their target industries are encouraged to apply. USRIC services include: Access and guidance to using […]

Drugstore 33.6 to Merge With Rival, Issue Shares

Reuters – Russian drugstore company Pharmacy Chain 36.6 is to merge with rival chain A.V.E. and issue additional shares, in a step to consolidate a fragmented sector, the company said in a statement on Thursday. Pharmacy Chain 36.6, with a market value of $68 million, said its major shareholders, Artyom Bektemirov and Sergei Krivosheev, reached […]

Richard Branson’s Virgin Connect acquires telecom operator in Niznhy Novgorod

East-West Digital News Trivon AG, the Switzerland-based company which does business through its subsidiaries under the Virgin Connect brand in Russia, announced today that it has acquired 100% of MegaMax, one of the leading B2B broadband and telecom operators in the Nizhny Novgorod region. The terms of the transaction were not disclosed. The MegaMax Group has […]

KKR to invest $200 mln in Indian drugmaker Gland Pharma

Reuters – U.S. buyout firm KKR & Co LP (KKR.N) has agreed to invest about $200 million in Indian drugmaker Gland Pharma Ltd, marking the largest private equity investment in the local pharmaceutical sector amid growing demand for generic drugs in overseas markets. Under the deal, KKR will acquire a minority holding in Gland Pharma, […]

Canadian pension fund to invest $200 mln in JV with India’s Shapoorji

MUMBAI, Nov 28 (Reuters) – Canada Pension Plan Investment Board (CPPIB) will invest $200 million to get an 80 percent stake in a real estate joint venture with India’s Shapoorji Pallonji Group, its first foray into the property market in Asia’s third-largest economy. The joint venture will invest in leased income-producing office buildings, according to […]

Mobile Music

Music service Spotify raises $250 million

SAN FRANCISCO, Nov 21 (Reuters) – Online music-streaming service Spotify has raised $250 million in a new funding round, making it one of the world’s most richly capitalized start-ups. The new funding round was led by Technology Crossover Ventures, a Silicon Valley-based venture-capital firm, a person familiar with the matter said on condition of anonymity […]

Turkish Electrical Control Systems Manufacturer: Company Sale

This Turkish electric controls company manufactures a wide range of switch and socket products, group sockets, fuses, fuse boxes and accessories such as relays, grounded male plugs, grounded female plugs and grounded triple sockets. It has a 25-30% domestic market share in terms of sales volume, positioning it as the second largest company in this […]

Apple acquires Israel’s PrimeSense in a $350 million deal

(Reuters) – Apple Inc agreed to buy Israel-based PrimeSense Ltd, a developer of chips that enable three-dimensional machine vision, for about $350 million, Bloomberg reported on Sunday citing a source. PrimeSense’s sensing technology, which gives digital devices the ability to observe a scene in three dimensions, was used to help power Microsoft’s Xbox Kinect. Apple’s […]

Skip Hop, Maker of Children’s Gear, Sells Majority Stake to Equity Firm

NY Times Deal Book A maker of children’s gear, including popular backpacks with cartoon characters, is planning to grow — with the help of a private equity firm. Skip Hop agreed Friday to sell a majority stake in itself to Fireman Capital Partners, a consumer-focused investment firm. Financial details of the transaction weren’t disclosed, but […]