Aug 7, 2013 | News, North America
PRNewswire SAN FRANCISCO, Aug. 5, 2013 — Early-stage venture capital firm Blumberg Capital, seed investor and largest institutional shareholder in HootSuite reaps a 52x return in just four years. Blumberg Capital and Hearst Ventures led the original seed round...
Aug 7, 2013 | Central & Eastern Europe, News, Russia
East-West Digital News In late July, Bay.ru (Bayru), a leading cross border sales operator facilitating Russian consumers’ purchases from eBay, Amazon, and other international e-commerce sites, announced that it had raised $4 million to strengthen its marketing and...
Aug 7, 2013 | News, North America
Bloomberg Hudson’s Bay Co., a middle-market Canadian department store chain with a similar assortment to Macy’s, has agreed to pay $2.4 billion to acquire Saks Inc., one of America’s most prestigious luxury retailers. Hudson’s Bay, founded in the 17th century as a fur...
Aug 7, 2013 | News, North America, Western Europe
Heraldonline.com Enhances technology capabilities of GE AviationPositions the Italy-based company for growth beyond aviation industry. GE announced today that it has completed the acquisition of the aviation business of Avio S.p.A., a leading, Italy-based provider of...
Aug 7, 2013 | Central & Eastern Europe, News, Russia
East-West Digital News Russian venture fund iTech Capital announced last week its investment in iConText, a leading independent provider of search engine marketing (SEM) services. The transaction amount has not been disclosed, but the fund stated that it acquired...
Aug 7, 2013 | China, East Asia, News, Oceania
Bloomberg China Molybdenum Co., the nation’s second-biggest producer of the steelmaking material, agreed to pay $820 million for Rio Tinto Group’s Northparkes mine to gain its first overseas copper asset. The sale should be completed by the end of the year, Rio said...
