Venture Capital News
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Airlines are stepping up competition for full-fare passengers between New York and Los Angeles, with lie-flat seats, pricey French wines and personal valets to whisk travelers from curb to gate without wasting time in lines.
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Mexico’s attempt to solve the country’s housing shortage by constructing millions of new homes far from city centers has crippled the nation’s homebuilders and fueled record foreclosures. For Antonio Diaz, a former investment banker with Banco Santander SA, it’s an opportunity.
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Tumblr Inc.’s $1.1 billion purchase by Yahoo! Inc. marks the biggest deal for a venture-backed New York startup, bringing a windfall for East Coast investors Union Square Ventures and Spark Capital while laying a foundation for further investing in the region’s entrepreneurs.
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Morgan Creek Capital Management LLC, a money manager that helps clients invest across asset classes in the style of endowments, agreed to acquire the alternative- funds business of Signet Capital Management Ltd.
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GrubHub Inc. and Seamless North America LLC, two of the top food-delivery websites in the U.S., have agreed to combine their companies to take on rivals in the growing market for online meal orders.
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For New Enterprise Associates Inc., its investment return on Tableau Software Inc. was off the charts.
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SAP AG’s venture-capital group said it’s more than doubling investments in early-stage funds as it seeks increased access to emerging business-software companies.
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Tom Wheeler, President Barack Obama’s nominee to head the FCC, agreed to sell holdings of $500,001 to $1 million in both AT&T Inc. and Verizon Communications Inc. to resolve possible conflicts of interest before taking office.
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Tableau Software Inc., the provider of digital-charting tools, raised $254.2 million in its initial public offering, the largest U.S. technology IPO this year, pricing an increased number of shares above the range.
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Facebook Inc. and Twitter Inc. introduced tools to integrate their services with Google Inc.’s Glass, the computerized eyewear touted by the search provider as an alternative for smartphones.
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