Reuters News
(Reuters) - Amazon.com Inc snapped up live-streaming gaming network Twitch Interactive for about $970 million in cash, marking the largest deal in the U.S. e-commerce company's 20-year history.
German venture capital firm Rocket Internet and Zalando, Europe's biggest fashion retailer, are each on the brink of announcing plans to list on the Frankfurt stock exchange, several sources told Reuters.
German Internet service provider United Internet AG is investing 435 million euros ($582 million) for a 10.7 percent stake in venture capital group Rocket Internet,, Reuters reported.
Philippine Long Distance Telephone Co said on Thursday it had agreed to buy a 10 percent stake in German firm Rocket Internet for 333 million euros ($446 million) to develop mobile and online payment systems in emerging markets, Reuters reported.
Alibaba Group Holding Ltd has invested $120 million in San Francisco-based mobile games studio Kabam, the latest in a string of U.S. investments, Reuters reported.
Flipkart, India's largest e-tailer, said on Tuesday it raised a fresh round of funding worth $1 billion as it tries to aggressively scale up after Amazon.com Inc's rapid expansion in the country has heated up competition, Reuters reported.
U.S. real estate website operator Zillow Inc said it would buy smaller rival Trulia Inc for $3.5 billion in stock, as the U.S. real estate market continues its choppy recovery, Reuters reported.
U.S. real estate website operator Zillow Inc said it would buy smaller rival Trulia Inc for $3.5 billion in stock, as the U.S. real estate market continues its choppy recovery, Reuters reported.
Fred Buenrostro admitted that he intentionally conspired with a former California Public Employees' Retirement System board member and others to accept bribes and devise a fraudulent scheme involving Calpers' investments, Reuters reported.
Fred Buenrostro admitted that he intentionally conspired with a former California Public Employees' Retirement System board member and others to accept bribes and devise a fraudulent scheme involving Calpers' investments, Reuters reported.