Travel Website Buys U.S. Hotel Booking Site
The U.S. hotel-booking website DealAngel has been purchased by the Russian travel site OneTwoTrip, the technology news website VentureBeat reported this week.
Sandbox teams up on a $150 million ag-tech fund
Crain’s The founders of Sandbox Industries are going back to their roots, with a huge venture fund aimed at agriculture and food technologies. Sandbox, the Chicago-based investment fund and incubator launched a decade ago by Monsanto Co. alums Bob Shapiro, Nick...
Blumberg Capital Hits Jackpot with 52x Return on HootSuite Seed Investment
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...
Hudson’s Bay to Buy Luxury Retailer Saks for $2.4 Billion
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...
GE Completes Acquisition of Avio Aviation Business
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...