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Whistle Sports, a Youtube sports network aimed at millennials and kids, raised $28 million in a funding round announced on Tuesday that included investors such as European cable group Liberty Global and Denver Broncos quarterback Peyton Manning.Continue
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Intellectual Ventures‘ spin-out company, Kymeta, has closed a $12 million funding round to develop and bring to market Intellectual Ventures’ Metamaterials Surface Antenna Technology. The venture is backed by investments from Bill Gates, Liberty Global and Lux Capital. PRESS RELEASE Intellectual Ventures (IV), the leader in the business of invention, announced today that its newest […]Continue
Delivery Agent Inc., provider of multi-channel commerce technology, has raised $35.5 million in new funding led by Intel Capital with strategic investors Liberty Global and Grazia Equity. The Series E round, which also included backing from Bessemer Venture Partners, brings the company’s total funding to $107.3 million.Continue
Calabasas, Calif.-based Music Mastermind has closed on $10.8 million in Series B financing. Intel Capital and Liberty Global led the round with a combined contribution of $6.8 million, while angel investors participated with an additional $4 million. Music Mastermind, an entertainment and technology company, will use the money to help launch its create-and-share music platform later this year. The company raised its first round of funding in February 2010 with nearly $5 million from angel investors.Continue
Intel Capital, the investment arm of chip maker Intel Corp., has struck four deals across a few industries that total up to a $24.5 million deployment. News of the deals came at a briefing in New York Monday where Intel Capital President Arvind Sodhani told attendees the latest venture investments bring to $10 billion the total amount of capital deployed on incubator investments by the tech titan.
Intel didn’t specify who got what from its VC arm, but the proud recipients of new funding include….Continue
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Private equity firm CVC has until today to up its 2.9 billion euro ($4.1 billion) bid for German cable operator Kabel BW if it wants to beat Liberty Global‘s bid, Reuters reported. Liberty Global upped its bid to 3.1 billion euros ($4.4 billion) on Saturday, Reuters said.Continue
O3b Networks has raised $1.2 billion in debt and equity financing to create a constellation of satellites to provide internet service to the developing world. Shareholders include Google, North Bridge Venture Partners, Allen & Company, SES, Liberty Global and HSBC Principal Investments. Other shareholders include the Development Bank of Southern Africa, Sofina and Satya Capital. Debt was provided by several lenders, including HSBC, ING and Dexia. O3b Networks, whose name stands for “other three billion” – a reference to the number of people in the world without regular Internet access – is based in the Channel Islands.Continue
Celeno Communications Inc. closed a $12 million funding round. The financing came from strategic investor Liberty Global Inc. Existing investors Cisco, Greylock Partners, Miven Venture Partners and Pitango Venture Capital participated in the funding for the Israel-based maker of semiconductors for multimedia Wi-Fi home networking applications.Continue
FRANKFURT (Reuters) – Liberty Global (LBTYA.O), the international cable operator controlled by U.S. cable pioneer John Malone, has agreed to buy Germany’s Unitymedia from a private equity group for $5.2 billion, its first German buy.
The sale by a shareholder group led by BC Partners and Apollo comprises $3 billion in equity and $2.2 billion in debt, and is the largest private-equity exit in Europe this year.
The private-equity group bought Unitymedia for 1.5 billion euros ($2.2 billion) in 2003.
Unitymedia is Germany’s second-biggest cable network after Kabel Deutschland, with 4.5 million subscribers in a region covering 10 of the country’s 20 biggest cities, including Cologne, Duesseldorf and Frankfurt.Continue