CVC Capital Partners and Canada Pension Plan Investment Board (CPPIB) entered into a definitive agreement to jointly acquire Petco Animal Supplies, a leading specialty retailer of premium pet food, supplies and services, for approximately $4.6 billion! The acquisition is expected to close in early 2016. It must be noted that Petco operates more than 1,400 […]
Rdio, the streaming music company filed for bankruptcy and at the same time sold its core assets (e.g. technology, intellectual property) to Pandora, Inc. for 75 million dollars. The company was among the first wave of online streaming music providers to something more than 100 countries using a catalog of over 12 million tracks. Though […]
Fintech invoicing app maker Invoice2go, Inc managed to raise the amount of $15 million in a Series C funding round which was led by Ribbit Capital and Accel Partners. Invoice2go, which was founded in Australia in 2002, offers a mobile app that assists small businesses to manage cash flow through easy-to-use invoicing, expense tracking and simple reporting […]
Editas Medicine, a leading genome editing company, raised $120 million in a highly oversubscribed Series B private financing. It is noted that Editas is translating the promise of CRISPR/Cas9 technology into a new class of transformative genomic medicines to treat a broad range of diseases by enabling precise and corrective molecular modifications to treat disease […]
