Fortera's new concrete process will reduce CO2 waste for Mighty Buildings' 3D-printed housingRead more...
Facebook shares trade at $71;Smartdate raised $5M; Novell bought for $2.2B
Attachmate Corporation is buying Novell for $2.2 billion, or $6.10 a share. Attachmate is owned by a group of investors which include Francisco Partners, Golden Gate Capital and Thoma Bravo.
Facebook’s mobile applications has downloaded by more than 100 million people on GetJar. Get Jar is a neutral, platform-agnostic app store. This download makes the Facebook app, the most downloaded mobile application ever, in a single app store.
Facebook has recently been valued at $35 billion, after Accel Partners sold 17% of its shares to private equity funds at $71 a share. The stock has had a 5-to-1 stock split, so shares are now trading at $14. Meanwhile, SecondMarket is readying a pilot Monday to auction Facebook shares, starting at $20.
Smartdate raised $5 million Series A funding. The site is a Paris-based dating site, which will use the money to expand internationally. The round was led by Pierre Kosciusko-Morizet and Pierre Krings.
Facebook is vying to be your home page. Facebook has included a new bar at the top of their site, with a button that allows users to automatically set their homepage to Facebook.
The SEC proposed rules that would define a “venture capital fund” for purposes of an exemption from registration under the Investment Advisers Act. The new rules imply that says that even if a group is deemed to be a venture fund, it may still be subject to enhanced SEC scrutiny.
Venture capital is on the decline, according to research by the Fenwick & West Venture Capital Barometer. The study showed a significant decrease in both liquidity and dollar amount invested in the third quarter of 2010.
Support VatorNews by Donating
Read more from our "Trends and news" series
The goal is to create an AI framework that can be used in its 8 hospitals and 415 ambulatory clinicsRead more...
This will open up Sendlane to Shopify's 1.75 million merchantsRead more...