Third Rock Ventures raises $516 million fund

Third Rock Ventures raises $516 million fund

SAN FRANCISCO, March 25 (Reuters) – Healthcare-oriented venture firm Third Rock Ventures said it had raised a $516 million fund, its third, even as healthcare investing endures something of a slump. Investors have cooled on the sector due to factors including...

Apple buys ‘indoor GPS’ company WifiSLAM for $20M

Apple Insider 23 March 2013 Apple recently closed a deal worth about $20 million to acquire WifiSLAM, a Silicon Valley firm focused on building technology that affords users positioning data while indoors. The Wall Street Journal was able to confirm the acquisition...
CBS nears deal to buy half of TV Guide Network

CBS nears deal to buy half of TV Guide Network

NEW YORK, March 22 (Reuters) – CBS Corp is nearing an agreement to purchase about half of TV Guide Network, according to various media reports on Friday. The New York-based mass-media company is expected to pay about $100 million to buy out the TV Guide Network...