AT&T seeks to top Verizon as Yahoo reviews new bids


Yahoo Inc is set to put together a new shortlist of bidders for its core internet assets after several parties, including Verizon Communications Inc and AT&T Inc, made second-round offers, people familiar with the matter said. In a boon to the prospects of AT&T and other bidders in the auction, Verizon’s… Read more »

Exclusive: Phystech Ventures’ second fund to be larger than first, might invest more in India, SEA

Phystech started as an university venture fund of the Moscow Institute of Physics and Technology, one of Russia’s leading graduate science universities, and now works with 15 leading universities globally.

Online education unicorn Udacity looks beyond tech sector, eyes listing

Last year, Udacity raised $105 million in a round from Bertelsmann which valued the business at more than $1 billion. Other shareholders include investment firms Andreessen Horowitz, Charles River and Drive Capital.

Huffington said to plan media startup backed by Alibaba’s Jack Ma

Huffington, 65, has held talks with investors about a new media company called Thrive, which plans to provide lifestyle content contributed by celebrities and bloggers.

Saudi Aramco listing lures i-banks with prospects of game-changing deals

So big is the state oil company because of its rights to the kingdom’s crude reserves, that selling even 1 percent of it would create the world’s biggest IPO, Prince Mohammed said.

AUS: Sterlingbackcheck acquires HR firm RISQ Group

SterlingBackcheck (BackTrack), a multinational background screening and HR solutions firm, has acquired Australian human resource services firm RISQ Group (RISQ), an industry leader in employment background checks across the Asia Pacific (APAC) region. Financial terms of the transaction are undisclosed. RISQ operates out off six APAC offices in Singapore, Australia,… Read more »

German revenue-funded big data startup Celonis raises $27.5m VC money

Celonis has taken $27.5 million in venture funding in a first round led by the London arm of global investor Accel Partners and 83 North, the Israeli spin-out of Silicon Valley’s Benchmark Capital.

Australia’s Laguna Bay Pastoral hits first close of new fund at $186m

Queensland agribusiness investment firm, Laguna Bay Pastoral Company, has achieved a first close of its A$1 billion ($744 million) new fund at A$250 million ($186 million) with overwhelming response from offshore institutions.

Robotics, AI could be the next big thing and investors are watching with interest

Is robotics the next growth sector? It seems likely given the current patterns emerging in related areas like artificial intelligence.

Morgan Stanley sees babies, self-made billionaires key to emerging markets

Have more babies. Control borrowing. Rear self-made billionaires. Keep your currency cheap. That’s the advice of Ruchir Sharma, head of emerging markets at Morgan Stanley Investment Management, for nations seeking to rise.