Tactus chief executive Craig Ciesla said that the company raised $13.5 million in its Series B round, with ThomVest as the lead investor, with Ryoyo, Wistron and other undisclosed strategic and financial investors participating. Ciesla says that the company is using the money to scale up its production in the wake of the Wistron partnership.
Twitter had a massive day in the markets, soaring more than11 percent following news this morning that it has acquired Gnip . Gnip is a company that supports firms with access to social media information streams. The data provider became well known by being a Twitter partner that could underpin the latter’s “firehose” of tweets to companies willing to pay for access. Twitter closed yesterday at $40.87 and today at $45.52.
IBM's CEO Virginia Rometty has been getting out quite a bit this week ahead of the company's Wednesday analyst meeting. She's trying to convince investors that business will stabilize and that there's a clear vision for growth.
Twitter’s stock is plumbing the depths today, hitting a new low of $38.27, below its previously recorded lowest-point of $38.80. Twitter went public for $26 per share and shot to more than $74 per share at its peak. It opened around $45 on its first day public.
Just as the JOBS Act kickstarts bigger markets for shares of privately-held companies, NASDAQ is launching its own entrant in the field. The U.S. stock exchange, which hosts tech companies like Apple, Google and Facebook, is finally opening its private company marketplace to let growth-stage companies tap institutional investors for capital and employee liquidity.
Maglan Capital's David Tawil, Co-founder and Portfolio Manager, suggests a few signs that investors should look out for leading up to 2016. Companies have taken advantage of the current low interest rate environment to refinance their debt, but as interest rates rise and the next maturity wall approaches, they will have to face the music.
B/E Aerospace says it will split into two separate publicly traded companies with one business focusing on manufacturing of aircraft cabin interior equipment and one focused on distribution, logistics, and technical services for the aerospace and energy services markets.
Gannett Co Inc , one of the newspaper owners of Cars.com, is exploring a bid for all of the auto sales website and has discussed teaming up with private equity firms in a deal that could reach $3 billion, people familiar with the matter said. Gannett, the parent company of USA Today, is one of the five newspaper publishers that back Classified Ventures, the entity that owns Cars.com. Cars.com helps people buy and sell cars on the Internet.
Once a pioneer in the space, the B&N Nook has long lagged behind the Kindle, dragging down the bookseller with it. But no more. Barnes & Noble just announced that it will separate its retail and NOOK Media businesses into two separate public companies. This separation is expected to be complete by the first quarter of the next calendar year.This news comes alongside B&N fourth quarter 2014 financial results where the Nook side of the company continued to drag down the rest of the company.
According to an SEC filing, Ephemeral messaging startup Snapchat has raised fifty million dollars in a Series C round of venture capital. CEO Evan Spiegel told TechCrunch that the money was contributed by a single investor. With today’s investment and the sixty million dollars from the Series B round just a few months ago, Snapchat has raised upwards of $120 million in total.
Not everyone will be cashing in on King Digital Entertainment’s sweet initial public offering later this month. At least two individuals associated with the Candy Crush-maker’s early development will be missing out on potential billions because of their decision to sell their shares for mere cents three years ago. According to King.