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Snapchat raises another $537.6 mln

Snapchat has raised another $537.6 million since February, according to an SEC filing. The video messaging app has its sight set on raising another $112.4 million.

mad-men
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peHUB First Read

First Read kicks off your morning with news that Endo is planning on buying Par Pharmaceutical from TPG for $8.05 billion, Alibaba is sued over alleged counterfeits and “Mad Men” comes to an end.

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peHUB First Read

First Read ends this beautiful spring week with news Syngenta rejected Monsanto’s $45 bln takeover bid, Fitbit files for a $100 mln IPO and defying the odds, British Prime Minister David Cameron wins the UK election.

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peHUB Second Opinion

In Second Opinion, an appeals court rules that the NSA phone data collection is illegal, Alibaba names a new CEO and Yelp stock soars amid talk of a possible sale.

foxes
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peHUB First Read

To open your Friday, First Read has news labor is starting to gain on capital, a woman-led law firm lets partners be parents and Grooveshark gives up.

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peHUB First Read

To start your morning, Secret shuts down but Whisper says it has 10 million users, Twitter paid $532 million for TellApart and Salesforce.com hires bankers.

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peHUB First Read

First Read kicks off your morning with news of Hutchison set to reportedly buy O2 from Telefonica for $15.7 billion, Alibaba invests in Israeli venture firm JVP and Angelina Jolie reveals she had her ovaries and fallopian tubes removed.

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peHUB First Read

First Read ushers in your morning with news of Netanyahu defeating chief rival in Israeli elections, Alibaba scraps plans to invest in Snapdeal and Microsoft confirms Windows 10 will arrive this summer.

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peHUB First Read

First Read starts your week with news of Holcim’s board rejecting Lafarge merger terms, KKR, Varde and Deutsche acquire GE Capital’s consumer finance unit for $6.3 billion and Russia’s Vladmir Putin finally makes an appearance.

229 Views

Rakuten invests $300 mln in Lyft

Rakuten Inc. said Thursday it has agreed to buy an 11.9 percent stake in Lyft. Rakuten said it is investing $300 million as lead investor of Lyft’s $530 million series E investment round. Other investors of the E round were not disclosed. San Francisco-based Lyft, a car-sharing app, has received backing from Andreessen Horowitz, Mayfield, Founders Fund, Coatue Management, Third Point Management and Alibaba.

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peHUB First Read

First Read ushers in your morning with news of Alibaba investing $200 million in Snapchat, Lyft raises $530 million in Series E funding led by Rakuten and the world’s best airport is Singapore’s Changi Airport, according to the 2015 World Airport Awards.

Apps search engine Quxey nabs $60 mln

Mountain View, California-based Quixey, a search engine for apps, has secured $60 million in Series C1 funding, the company announced in a blog post on its site. Alibaba led the round with participation from other investors that included SoftBank, Goldman Sachs and GGV. To read the announcement, visit here.

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peHUB First Read

First Read helps close out another snowy week with news Apple Pay has been stung by low-tech fraudsters, Formation8 has been dropped from U.S. sexual assault lawsuit and Glenn Beck’s top execs quit to form digital media startup.

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