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Workplace chat service Slack closes $250m round led by SoftBank’s Vision Fund

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The financing round values the workplace chat service operator at $5.1 billion, up from $3.8 billion the last time.

Toshiba said to aim for chip deal with Bain by Sept 20

Western Digital partnered with KKR & Co. to try to buy the chips business, but Toshiba opted for the Bain bid last week


Valet parking startup Luxe latest casualty of on-demand bust

Luxe raised $75 million and reached a valuation of about $160 million as investors competed to back on-demand startups.


Valley VCs make rare bet on silicon with Alibaba-backed startup Barefoot

In less than four years, Barefoot has pulled in about $155 million of funding from the biggest names in the Valley, Wall Street and China.


AIA, Zurich submit separate bids for Australian insurers

Australia is an attractive market for foreign insurers such as Zurich and MetLife Inc


SoFi CEO Cagney to step down immediately

SoFi had earlier said that Cagney would step down, but stay on as CEO until a successor was found.


Blackbird Ventures leads $4.86m investment in NZ startup AskNicely

Blackbird Ventures has led a funding round in startup AskNicely.


Angry Birds maker Rovio moves forward with $1b IPO

The preliminary price range of 10.25 euros to 11.50 euros per share announced on Friday would give Rovio a market value of 802 million to 896 million euros.


UK retailer JD Sports enters S Korea with Hot-T investment

The firm has purchased an initial 15% of Hot-T for 5.5 million pounds and has a call option to buy a further 35% stake.


Credit Agricole sizing up opportunity for growth in Asia

CA Indosuez is planning to hire 15 to 20 bankers annually in Asia over the next few years.