Queen Elizabeth Reuters 660

peHUB First Read

First Read ushers in your morning with news that Halliburton is cutting 9,000 jobs, KPMG names its first female CEO and Happy Birthday to Queen Elizabeth who turns 89 today.

blue beats

peHUB Second Opinion

In Second Opinion, Apple officially welcomes Beats to its family, you can now legally unlock your cellphones in the U.S., Alibaba invests $120 mln in Kabam and it’s okay to feel good about the U.S. economy.


VC-backed Kabam buys Phoenix Age

Kabam, which is backed by Canaan Partners, Redpoint Ventures and Pinnacle Ventures, has acquired Phoenix Age. No financial terms were disclosed. Based in San Francisco, Phoenix Age is a game studio.

Canaan is Able (to Raise a $600M Fund IX, That Is)

Canaan Partners, the international venture capital firm, has raised $600 million for its ninth VC fund. According to a statement from the firm, the fund will be split among Internet and tech investments and healthcare, life sciences and biotech deals in the US, India and Israel. Additionally, Canaan will have a small personnel shakeup as […]

Slideshow: Welcome to the Family, Motorola!

Google’s latest and greatest acquisition is its $12.5 billion buy of Motorola, incorporating into its stable a major handset maker and patent library that transcends the company’s long-held advertising and search business model. But how many other sectors is the search giant planning to enter? Well, just take a look at Google Ventures’ portfolio, and […]

Slideshow: Redpoint Ventures’ Red-Hot Deals

Redpoint Ventures’ Menlo Park offices must be an awfully happy place to have been these last 12 months. The VC has racked up billions of dollars’ worth of IPOs, sales to strategic buyers and even launched itself into a handful of new investments as of late. Some of its deals—like eye-popping multiples on Cloud.com, or […]

In Search of the Next Farmville

You might hear many VCs say that investing in social games has hit its peak and the time is right to look elsewhere for ways to make money. That’s not to say there won’t be more deals of games makers, particularly later-stage companies. The evidence is Kabam’s Series C round of financing in January, which […]

Kabam Raises $30 Million In Series C Funding Round–CORRECTED

Kabam raised $30 million in series C funding and plans to use the capital for its growth plans. Redpoint Ventures of Menlo Park, Calif., and Intel Capital of Santa Clara, Calif., led the round. Additional funding came from original investor Canaan Partners. Kabam is a Redwood City, Calif.-based leading developer of multiplayer social games. Canaan of Westport Conn, incubated Kabam in its offices at the seed stage.

Kabam’s Pivot Pays Off; Social Gaming Company Raises $30M

In the parlance of the Silicon Valley tech community, Kabam performed a pivot more than a year ago when it changed its name and its business plan. The move seems to have paid off. The Redwood City, Calif.-based company, which had two dozen employees a year ago and now boasts about 250, announced it raised […]

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